The 6th day of our Butterbot automated Bitcoin trading bot testing has passed and it is time to see what has happened in the last 24 hours. On the BTC-e exchange we got a new trade, as a result we now have 24.77 USD balance so we are a bit short of the initial 25 USD that we started testing with. We’ve had a bit more in a previous trade, so we were actually making some profit, but at the moment we are at a short loss. Again not very active in trading, and this is what you should expect from this automated trading bot with the recommended or slightly optimized settings, though you might be able to make the bot trade faster with higher risk.


The fourth day of testing Butterbot on the MtGox exchange produced no trades at all and our balance is still 37.37 USD, but the general trend on the exchange was down, so maybe tomorrow we are going to see some trades. Don’t forget that the current market state and the trades at the exchange are very important to how an automated bot may react and execute trades or not. We have one more day left of our trial period for testing the Butterbot automated Bitcoin trading bot, before making the final conclusion if we are going to purchase and continue to use it or not. So far we are not too happy with the results we are getting and we are already looking for other alternatives to try out next, but let us finish with the Butterbot testing first.

To read more about the Butterbot automated BTC trading bot and our day 1 experience…
To read more about the Butterbot automated BTC trading bot and our day 2 experience…
To read more about the Butterbot automated BTC trading bot and our day 3 experience…
To read more about the Butterbot automated BTC trading bot and our day 4 experience…
To read more about the Butterbot automated BTC trading bot and our day 5 experience…


Vertcoin (VTC) strengthens the distributed nature of crypto currencies with its innovative approach. It’s ASIC resistant, Multipool resistant and Rare. Vertcoins algorithm has been designed to resist the development of custom mining hardware, and multipool mining ensuring that transactions are validated by a widely distributed network and avoiding the selling pressure when large mining pools indiscriminately flood the market with freshly mined coins. Vertcoin does not use SHA-256 or the typical Scrypt algorithms, making it another very interesting alternative to BTC and LTC. Vertcoin (VTC) is already generating a lot of hype, so the exchange rate will probably explode since the addition of this crypto currency at Cryptsy.


Block Explorer / Crawler


  • Algorithm: Scrypt-Adaptive-Nfactor (Not scrypt-jane)
  • Max Coins: 84 million vertcoins.
  • Block time: 2.5 minutes
  • Subsidy halves every 840,000 blocks (~4 years)
  • Difficulty Re-Target Time: 3.5 days
  • Block Rewards: 50 coins per block


Source Code
at GitHub




The Bitcoin Difficulty has just gone to 2,621,404,453 up from 2,193,847,870 or with other words we have an increase of 19.49%. It is interesting to note that the increase of difficulty this time is the lowest in terms of percentage than the increase of the previous five times. So less than 200% is not bad at all for the moment, giving us some more time before the Terahash ASICs start appearing on the market and the difficulty starting to grow at a much higher pace. Luckily we’ll probably have another difficulty increase before users start receiving their pre-ordered THS ASIC devices and we are probably looking at another 20-25% for the next difficulty increase.

Bitcoinwisdom is a good place to keep a track on Bitcoin difficulty…