Silk Road forums

Support => Customer support => Topic started by: CH on May 02, 2013, 09:29 am

Title: What (last, avg, high, low) MtGox value is being used?
Post by: CH on May 02, 2013, 09:29 am
Hello! I've been looking at the forum/buyers-&sellers guide to see if I could find what MtGox USD/BTC value is being used, but I can't for the love of me find it anywhere. This is important to me when I set my prices.

To me it seems like the Weighted Avg that is being used, but I'm not sure. Some people claim its the current value (I.e Last Price), but I have found no backing for this. Is there a link somewhere where I can see what (preferably exact) exchange rate SR is using when pegging prices?

This is typical MtGox data, which of the fields below is it?
Last price:$121.00000 High:$133.00000 Low:$104.00000 Volume:185802 BTC Weighted Avg:$117.81208

Keep in mind that Avg and Weighted Avg is NOT the same. Avg can only be seen on Bitcoin charts.

Thanks in advance
ChrisHash
Title: Re: What (last, avg, high, low) MtGox value is being used?
Post by: samesamebutdifferent on May 02, 2013, 10:35 am
The 24hr weighted average as I understand it.
Title: Re: What (last, avg, high, low) MtGox value is being used?
Post by: CH on May 02, 2013, 11:40 am
That would then refer to the "Weighted Avg" value from the MtGox website, right? Do you have any official statement where it says what value it actually is?

Thank you very much for your repose, feels a little bit safer assuming its the Weighted avg.
Title: Re: What (last, avg, high, low) MtGox value is being used?
Post by: samesamebutdifferent on May 02, 2013, 11:48 am
Yes the weighted average, I can't access the SR wiki right now but I know it is covered there, when SR is back up go and take a look.
Title: Re: What (last, avg, high, low) MtGox value is being used?
Post by: CH on May 02, 2013, 12:37 pm
Thank you sir, I will.

I do how ever think that I have covered the wiki a few times, but it was a while back, maybe weighted average has been added. Last time I checked the wiki I think it just said that it got its USD/BTC value from MtGox, not WHAT MtGox value it actually used. My memory might be a bit shifty so don't take my word for it...

Thanks for your help once again.

Best regards
/ChrisHash
Title: Re: What (last, avg, high, low) MtGox value is being used?
Post by: samesamebutdifferent on May 02, 2013, 08:06 pm
No problem, thread locked as resolved.