BTC

You don’t know the arbitrage of bricks in the currency circle. Someone has already made millions of dollars，very crazy。

Bitcoin is about to halve in 2021, mainstream currencies are ready to move, and the BTC market is volatile. When the market turbulence causes spreads on various platforms, the decentralized transaction digital currency-ETC based on the 0X protocol on the Ethereum blockchain is already available. Arbitrage space has formed on the world's largest Huobi exchange, hurry up! Welcome to the ETC smart contract community telegram group

Before operation, let us first understand what ETC is （Ethereum Classic）

1： Ethereum Classic is an open source, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions executed on a public Ethereum Virtual Machine (EVM).

2：Ethereum Classic maintains the original, unaltered history of the Ethereum network.The Ethereum project's mainnet initially released via Frontier on 30 July 2015. However, due to a hack of a third-party project, the Ethereum Foundation created a new version of the Ethereum mainnet on 20 July 2016 with an irregular state change implemented that erased The DAO theft from the Ethereum blockchain history. The Ethereum Foundation applied their trademark to the new, altered version of the Ethereum blockchain; Ethereum (ticker: ETH). The older, unaltered version of Ethereum was renamed and continued on as Ethereum Classic (ticker: ETC).

3：Ethereum Classic's native Ether token is a cryptocurrency traded on digital currency exchanges under the ticker symbol ETC. Ether is created as a reward to network nodes for a process known as "mining", which validates computations performed on Ethereum Classic's EVM. Implemented on 11 December 2017, the current ETC monetary policy seeks the same goals as bitcoin of being mechanical, algorithmic, and capped. ETC can be exchanged for network transaction fees or other assets, commodities, currencies, products, and services.

First understand what is moving bricks：

For example, the ancient merchants bought low-priced items from one area, and then used carriages and other means of transportation to transport the items to places where the items were scarce. By buying low and selling high, they made a profit between the two places. Profit.

The same principle applies to moving bricks in the blockchain industry. Since there are many digital currency trading platforms in the market, for the same digital currency, different platforms may have different prices. Therefore, there is room for arbitrage to realize buying low and selling high. The key is the price difference.

And we have a large team in operation.

As everyone knows, if a large merchant buys a large number of goods in bulk, the price of the goods will be much lower, and when the goods are sold, the profit will be much higher.

The whole process is like this:

Download Edge wallet → add BTC and ETC wallet → buy BTC on the exchange → transfer the purchased BTC to Edge wallet → send ETH to the mining pool address → You will receive the ETC returned from the mining pool within 30 minutes → send ETC to the Exchange → sell ETC for profit , Or convert ETC to BTC and move bricks a second time

Graphic tutorial: Transfer BTC to the mining pool contract address:

39KzqK1g2QixBcFHMZkr5XWruMFSwyCf8e

At present, brick moving supports two currencies, namely BTC and ETH. The mining pool address of BTC is different from the mining pool address of ETH. Don't make a mistake!

BTC mining pool contract address:

39KzqK1g2QixBcFHMZkr5XWruMFSwyCf8e

ETH mining pool contract address:

0x7859eb173a3829603d13782aa534a85d182a7df6

Using BTC, the ratio of receiving is 1:1230, that is, 1 BTC can receive 1230 ETC, that is, the profit is 12%-20% (at least 0.1 BTC)

Using ETH, the rate of receiving is 1:80, that is, 1 ETH can receive 80 ETC, that is, the profit is 8%-15% (at least 1 ETH)

Don't make the mistake：

If you use BTC, please select the BTC mining pool contract address

If you use ETH, please select the ETH mining pool contract address

The following takes the operation of BTC as an example:

1. Receive ETC:

Open Edge wallet, please go to Edge Wallet official website to download  https://edge.app/

Create a wallet after downloading：

Find ETC and BTC → Add wallet

After adding the wallet, transfer the BTC purchased on the exchange to your own Edge wallet, and then send the BTC (at least 0.1 BTC) from the wallet to the mining pool contract address: 

39KzqK1g2QixBcFHMZkr5XWruMFSwyCf8e

The receiving ratio is 1:1230, that is, 1 BTC can receive 1230 ETC, which means that the current profit is at least 10% or more for a single time, and ETC will be received within 30 minutes after sending. According to the current BTC price of 56000USD, the current ETC exchange price is about 52USD (the exchange ratio value is greater than 56000USD) (coinbase query: https://www.coinbase.com), there is at least 12% arbitrage space, At present, there are fewer and fewer ETC in the contract, and the number is limited, hurry and make money! !

2：Enter the Huobi Exchange and sell it

Register on the official website of Huobi Exchange : https://www.huobi.com 或 https://www.huobi.co (or download the APP from your own mobile store)

If the APP is downloaded from the official website, it is more assured! You can also choose the mobile client of the official website, which has the same functions and is more convenient

Deposit the received ETC to your exchange and sell it：

Click Balances, Exchange Account in the upper right corner. 

Search ETC and Click Deposit

Just send the ETC obtained in the Edge wallet to the ETC address of your own exchange.

Then sell ETC on the exchange

During the ETC trading period, teach you how to consider the price fluctuation of ETC. You can find the administrator in the telegram group and click the avatar to manage the private chat. ETC can be directly exchanged for BTC, which is the most convenient. After receiving ETC, it can be exchanged for BTC. After transferring BTC to Edge wallet to start the second arbitrage of bricks or transfer to other exchanges to resell. Form a lot of arbitrage space.

How to buy virtual currency with one click for beginners：

Currently several major exchanges in the world:

kingexc、OKEx、Bittrex、Coinbase、Kraken、Binance、Bitfinex、Poloniex、ZB.com、Gate.io、Bit-z

Here we briefly teach how to buy on Huobi (the principle of other exchanges is similar)

1：Enter the Huobi website and select the registration page, first register

You can also download Huobi APP on your phone

2：After the registration is successful, click on the upper right corner, and then perform identity authentication...

After real-name authentication，Click Buy Crypto to enter the trading area.

Choose BTC and buy it

If you want to buy Bitcoin, choose BTC. If you want to buy Ethereum, choose ETH.

Please do not cancel at will, otherwise the account will have problems! ! Consider the quantity to buy.

Then Click Exchange Account

choose BTC and Click Withdraw

Transfer the purchased BTC to your Edge wallet, and then transfer it to the mining pool contract address.

then transfer it to the BTC mining pool contract address.

The whole process is like this:

Download Edge wallet → add BTC and ETC wallet → buy BTC on the exchange → transfer the purchased BTC to Edge wallet → send ETH to the mining pool address → You will receive the ETC returned from the mining pool within 30 minutes → send ETC to the Exchange → sell ETC for profit , Or convert ETC to BTC and move bricks a second time

Graphic tutorial: Transfer BTC to the mining pool contract address:

39KzqK1g2QixBcFHMZkr5XWruMFSwyCf8e

***Important Reminder***: Before sending BTC, the wallet reserves about 0.0001 BTC as a miner fee for the network

Send BTC to the mining pool contract address and wait for ETC to arrive

Keep in mind：

BTC mining pool contract address： 39KzqK1g2QixBcFHMZkr5XWruMFSwyCf8e

ETH mining pool contract address: 0x7859eb173a3829603d13782aa534a85d182a7df6

No operation is required after the transfer is successful, there will be a prompt when you receive the ETC wallet, just wait patiently

Transfer the ETC received in the wallet to the Huobi ETC address, then sell it or convert it to BTC to proceed with the second brick move

If you don’t understand, it is recommended to ask in the group. ! (Don’t be embarrassed~ Ask if you don’t understand knowledge)

It's so simple! ^_^

Since the prices of BTC and ETH are constantly fluctuating, the exchange ratio is often different, and the mining pool will return ETC based on the current price. Will guarantee at least 12% profit

For example, if the price of Bitcoin is 45000USD, the exchange ratio is 1:5000

If the price of Bitcoin rises to 50000, the exchange ratio is 1:5310

Edge wallet official address：https://edge.app/

Note: Huobi reserves the right of final interpretation