Originally Posted by
snake_in_the_ass
Bitcoin ATM update. Machine is an overpriced piece of junk. It looks nice but the guys running the company are morons. Not a lot of features but the machine is operational.
The machine has done over $10,000 in volume already. And I might have caught a whale, he emailed me saying he wants to buy a 5 figure sum this week. The small transactions are losing money. If you buy 20 bucks worth of bitcoin and the fee is 6%, the customer will get $18.80 worth of bitcoin but the atm operator will most likely lose money because the transaction fees will be higher than $1.20 fee he collects. Sometimes the transaction fees are $3 bucks!
You're locked in to their fee schedule?
I was looking at my wallet for the first time since the start of baseball.
The transaction history is adjusted for today's bitcoin price. The bitcoin I shipped to my online sports book has almost doubled since 4/14
A lot of risk & a lot of sweats just to stay at par. A little tilting.