[BF and BTCT] Gamma SatoshiDICE Pass Through - page 20.

Bugpowder

sr. member

Activity: 394

Merit: 250

See this thread.
https://bitcointalk.org/index.php?topic=80312.220

More like around (11851 - 9851 / 10) = 200BTC estimated for this month. 0.6% yield at 0.0034 price.

Quote from: Fizzgig on September 28, 2012, 07:27:40 PM

Right now it seems like it'll be 400BTC, if the dividend was today. The previous dividend was 786BTC, so it should end up being about 60% of the previous dividend, which was actually an unexpected bonus dividend which was a collection of all profits gathered to that point.

Satoshi Dice is 100% transparent, 100% provable, and up to 10% of the profits held by the public, including charities! Best bitcoin game ever!

Fizzgig

full member

Activity: 154

Merit: 100

Right now it seems like it'll be 400BTC, if the dividend was today. The previous dividend was 786BTC, so it should end up being about 60% of the previous dividend, which was actually an unexpected bonus dividend which was a collection of all profits gathered to that point.

Satoshi Dice is 100% transparent, 100% provable, and up to 10% of the profits held by the public, including charities! Best bitcoin game ever!

bitcoinbear

hero member

Activity: 518

Merit: 500

Quote from: MPOE-PR on September 28, 2012, 09:44:16 AM

Quote from: Bugpowder on September 27, 2012, 07:22:03 PM

I thought it was on the 5th? Which is it?

From the contract:

Quote

(e)The representatives of SatoshiDice solemnly promise and warrant that complete and accurate Statements of Profit and Loss for each calendar month will be published by them no later than by the fifth day of the new month.
[...]
(f)Immediately upon publication of each Statement of Profit and Loss SatoshiDice will pay to shareholders as dividends a fraction of no less than 100% (one hundred percent) of the Net Profits, if any.

So it is no later than the 5th, but it could be as early as the 1st.

MPOE-PR

hero member

Activity: 756

Merit: 522

Quote from: Bugpowder on September 27, 2012, 07:22:03 PM

I thought it was on the 5th? Which is it?

From the contract:

Quote

(e)The representatives of SatoshiDice solemnly promise and warrant that complete and accurate Statements of Profit and Loss for each calendar month will be published by them no later than by the fifth day of the new month.
[...]
(f)Immediately upon publication of each Statement of Profit and Loss SatoshiDice will pay to shareholders as dividends a fraction of no less than 100% (one hundred percent) of the Net Profits, if any.

Bugpowder

sr. member

Activity: 394

Merit: 250

Quote from: burger on September 27, 2012, 03:27:10 PM

I read that the next payment from SatoshiDICE will be on Oct 1. It will be exiting to see how much it is!

I thought it was on the 5th? Which is it?

It will be around 200BTC, unless something changes dramatically in the next few days, according to dooglass's analysis

burger

full member

Activity: 195

Merit: 100

I read that the next payment from SatoshiDICE will be on Oct 1. It will be exiting to see how much it is!

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

Quick Update:

The new SatoshiDICE site should be live within 2 weeks, I hope everyone is excited for it

Also, there's another special announcement which will be made around the same time - should be very good for owners of S.DICE

DeaDTerra

donator

Activity: 1064

Merit: 1000

another 100,000 shares has been issued and is now for sale Cheesy

We have broken the 500,000 shares point.
We now owe 5% out of the 10,000,000 shares ^^
//DeaDTerra

Bugpowder

sr. member

Activity: 394

Merit: 250

I am happy to report that DeaDterra has rolled over my shares from GSDPT to S.DICE with no trouble. Took a little less than one day to complete the transfer. I'm a satisfied customer.

Fizzgig

full member

Activity: 154

Merit: 100

Just take a look at how many shares you own, divide by 100 million. Figure out the percent of Satoshi Dice you own and then look at Doog's chart. Look at the total profit at the start date of last dividend, find the difference between that and the current date. Then find your share, that will be your dividend.

Think of it this way. If you own 1 million shares, you own 1% of the profits. Say the amount of money made by the site in 1 month is 4500 bitcoins. Your dividend will be 45 bitcoins for that month.

DeaDTerra

donator

Activity: 1064

Merit: 1000

Quote from: Carnth on September 07, 2012, 12:22:04 PM

Quote from: lenny_ on September 07, 2012, 07:57:23 AM

This was a "bonus" dividend then.
So how often and how much (estimate) regular dividends will be like?

Dividends are paid every month.

And, you can estimate the amount of the dividends yourself. Here's how:

Dooglus has been tracking the wins/loss of every bet made on SatoshiDICE each day in this thread. (Check the last posts) He does this by tracking the bets through the blockchain.

Next add up the profits for the month. These profits MINUS expenses (server upkeep, salary, etc.) will be the entire stock dividend.

Then divided by 100,000,000 shares of stock. (Note: only 10,000,000 share are available to the public, the rest are held privately.)
Now you have the dividend per share.

Remember, GSDPT keeps an additional 5% of the dividend.

As an example:
August 2012 profits MINUS expenses were: BTC7,861.57

Profit divided by 100,000,000 = 0.0000786157 dividend per share

GSDPT keeps 5%, so after that the dividend per share would be:
0.000074684915

Indeed that is correct

2012-09-06 00:57 28.99436064 388248 0.00007468
//DeaDTerra

Carnth

hero member

Activity: 634

Merit: 500

Quote from: lenny_ on September 07, 2012, 07:57:23 AM

This was a "bonus" dividend then.
So how often and how much (estimate) regular dividends will be like?

Dividends are paid every month.

And, you can estimate the amount of the dividends yourself. Here's how:

Dooglus has been tracking the wins/loss of every bet made on SatoshiDICE each day in this thread. (Check the last posts) He does this by tracking the bets through the blockchain.

Next add up the profits for the month. These profits MINUS expenses (server upkeep, salary, etc.) will be the entire stock dividend.

Then divided by 100,000,000 shares of stock. (Note: only 10,000,000 share are available to the public, the rest are held privately.)
Now you have the dividend per share.

Remember, GSDPT keeps an additional 5% of the dividend.

As an example:
August 2012 profits MINUS expenses were: BTC7,861.57

Profit divided by 100,000,000 = 0.0000786157 dividend per share

GSDPT keeps 5%, so after that the dividend per share would be:
0.000074684915

DeaDTerra

donator

Activity: 1064

Merit: 1000

Quote from: lenny_ on September 07, 2012, 07:57:23 AM

This was a "bonus" dividend then.
So how often and how much (estimate) regular dividends will be like?

The bonus dividend was the profit from August, the dividend will be paid each month and will be proportional to the profit S.DICE has made during that month

//DeaDTerra

lenny_

legendary

Activity: 1036

Merit: 1000

DARKNETMARKETS.COM

This was a "bonus" dividend then.
So how often and how much (estimate) regular dividends will be like?

Fizzgig

full member

Activity: 154

Merit: 100

Thanks!

DeaDTerra

donator

Activity: 1064

Merit: 1000

A dividend of 28.996 BTC has been paid out Cheesy

!
This is a bonus dividend from Evorhees to say thank you to all the early share holders

I am going to put up another wall of shares for whoever that wants to buy in.
//DeaDTerra

DeaDTerra

donator

Activity: 1064

Merit: 1000

Quote from: Fizzgig on August 28, 2012, 12:51:02 PM

Put a link to the GSDPT in the first post. Put the mpex link below it, clearly seen, maybe bold it, on their own lines. Keep up the good work, what day of the month are dividends distributed?

Okay will do

It will be paid as according to the contract within 48 hours after S.DICE does it.
//DeaDTerra

Fizzgig

full member

Activity: 154

Merit: 100

Put a link to the GSDPT in the first post. Put the mpex link below it, clearly seen, maybe bold it, on their own lines. Keep up the good work, what day of the month are dividends distributed?

DeaDTerra

donator

Activity: 1064

Merit: 1000

Quote from: Fizzgig on August 26, 2012, 11:59:03 AM

While the first 10 million shares are sold, your job is just to put up a sell wall at the current IPO price. Once no more shares are to be sold, will you then just issue dividends? Also, will the two stocks then trade freely, thus creating arbitrage opportunity? And will no more shares be issued at that point until more shares are sold by Erik himself?

I just want to make sure my vision of the way this stock works aligns with the way it actually works in reality. Thanks!

Yes I will pay the dividend for GSDPT it will be 95% of that of S.DICE.
This is true indeed, it will create arb opportunities. I will sell GSDPT shares if I have enough backing, if I decide to buy more from MPex and issue more shares on GLBSE, I will do such.
//DeaDTerra

DeaDTerra

donator

Activity: 1064

Merit: 1000

Current amount of GSDPT sold: 268,139
Current amount of S.DICE held in backing: 278,008
//DeaDTerra

Topic: [BF and BTCT] Gamma SatoshiDICE Pass Through - page 20. (Read 34944 times)