Silk Road forums

Discussion => Silk Road discussion => Topic started by: bleep on January 05, 2012, 01:48 am

Title: SR price calculator wrong??
Post by: bleep on January 05, 2012, 01:48 am
i was away to purchase an item for $350 current BTC rate = 6 so i need to send ฿58.34, but when i go to checkout SR asks for ฿65.80, that is like $42 to much.
what is happening?
Title: Re: SR price calculator wrong??
Post by: czxtvr on January 05, 2012, 02:16 am
Thanks for sharing. I was going to place an order but now I will definitely wait. I'm getting fed up with this place. I thought it was great at first but now i'm starting to think otherwise....
Title: Re: SR price calculator wrong??
Post by: Asbury on January 05, 2012, 02:28 am
i don't understand exactly what happened? the listing says $350, but when you put it in your cart it's asking for $392?



maybe the bitcoin price on the site is slow to update and it is lower than it should be, making you need more bitcoins?

did you add overnight shipping or anything?
Title: Re: SR price calculator wrong??
Post by: bleep on January 05, 2012, 02:40 am
the price on the site is 350, when i go to my cart it is only displaying how many BTC i need to give ฿65.80, that is only 5.31 a coin, when MTGOX live displayed 6.

Not very cool cause it menas i lost out on the great savings when it was at 6
Title: Re: SR price calculator wrong??
Post by: Guybrush Threepwood on January 05, 2012, 02:46 am
The rate is at 5.39, and if its true that it uses the rate of mtGox it would mean a 6hour delay.

You can't do anything but wait,

Good Luck
Title: Re: SR price calculator wrong??
Post by: Guybrush Threepwood on January 05, 2012, 02:55 am
Ehm...
I just figured that rate is the avearge of mtgox not the live and I think this rate is obtained from the last 24h of market,
So, if I were you I would wait about 20h for this rate to increase.

Cheers.
Title: Re: SR price calculator wrong??
Post by: bleep on January 05, 2012, 03:15 am
so SR has taken away the BTC - $ counter, when i work things out using MTgox live prices, they are not even right here on SR, this is no good.

i just read in a topic the took away the BTC counter cause it was a security flaw and we could just have MTgox live open in a tab to work things out manually, but this does not work!!
Title: Re: SR price calculator wrong??
Post by: 100% American on January 05, 2012, 05:37 am
We need Silk Road to post thier current pricing of BitCoins because Silk Road values BitCoins at different prices than EVERY OTHER SITE.
Title: Re: SR price calculator wrong??
Post by: Dopeboy on January 05, 2012, 10:49 am
I believe SR is using the weighted daily average from MtGox, otherwise the prices move up and down too quickly.
Title: Re: SR price calculator wrong??
Post by: CaptainSensible on January 05, 2012, 05:52 pm
Silk Road has always had a delay of several hours when posting the Bitcoin value.  This means that the "1 BTC=X dollars" display at the bottom of the page was at least a little too high or too low.  It didn't matter too much if the Bitcoin value stayed pretty much the same, but lately this has been a real problem when the MtGox Bitcoin price is well over six dollars and the Bitcoin price used by SR is about a dollar less. 

What this means is that buyers who want to get the most bang for their Bitcoin have to wait... and wait... and wait until the SR Bitcoin value starts to catch up with the actual market value.  This is a frustrating and time wasting process.  When you've just purchased Bitcoins at the market value it just doesn't make sense to use them on SR if you're not going to get the full value of your Bitcoin.

I've never heard of SR using the weighted daily average from MtGox, and I hope that's not true. But I do wish SR would reinstate the "1 BTC=X dollars" display, and do something to keep the price up to date.
Title: Re: SR price calculator wrong??
Post by: Bud on January 05, 2012, 09:37 pm
Thanks for sharing. I was going to place an order but now I will definitely wait. I'm getting fed up with this place. I thought it was great at first but now i'm starting to think otherwise....


So stop complaining and fuck off already so you can stop shitting up the forums with your worthless posts.