[BTC-TC] 2-month mining difficulty futures now unlocked - page 2.

rini17

sr. member

Activity: 340

Merit: 250

GO http://bitcointa.lk !!! My new nick: jurov

Quote from: Pompobit on August 04, 2013, 09:51:16 AM

I don't get it. The share value proportionally rises with difficulty?

How is it possible? How do you invest the funds?

If you look on existing equivalent Bitfunder asset: https://bitfunder.com/asset/CoinBr.iDiff-O you see it's priced at 0.075, this means if you buy it you will profit only if difficulty will be higher than 75 million. All shares will be then destroyed, and for next cycle(November) there will be again higher prices offered.

The funds are used mostly as CoinBr operational capital and for conservative investment.

Quote from: ?? on ??

Will lenders be able to transfer their shares to the corresponding assets listed on BTC-TC also, or is your intention to limit them to Bitfunder only?

Thank you.

No corresponding BTC-TC assets exist, I'm not sure what do you mean. Only corresponding asset at the moment is https://bitfunder.com/asset/CoinBr.iDiff-O because it has same functionality and parameters, so only exchanging to and from it will be possible.

Pompobit

hero member

Activity: 736

Merit: 508

I don't get it. The share value proportionally rises with difficulty?

How is it possible? How do you invest the funds?

rini17

sr. member

Activity: 340

Merit: 250

GO http://bitcointa.lk !!! My new nick: jurov

After successfully running mining difficulty futures on Bitfunder since February, we decided to offer the same mining futures on BTC-TC as well. It starts with CB.IDIFF-O September, which is now open for voting. CB.IDIFF-E October will be introduced later. They are completely equivalent to our CoinBr.iDiff-* assets on BitFunder and roughly comparable to X.IDIFF.* assets on MPEx.

EDIT August 5: CB.IDIFF.O is now trading, bids/asks up. I made a mistake in news announcement on BTC-TC, please disregard the first version (hopefully burnside will remove it quickly).

CB.IDIFF-* futures are suitable for hedging mining operations/securities (for example, against new technology) and other kinds of short-term insurance/speculation against hashrate/mining difficulty. The share value at expiration is directly determined by current difficulty - as difficulty in satoshis/100. In the asset details there is an example with concrete numbers.

This asset is available for shorting to anyone who provides collateral (example in asset details). Please inquiry on [email protected] about doing so. Escrow at trusted third party is possible.

Topic: [BTC-TC] 2-month mining difficulty futures now unlocked - page 2. (Read 12351 times)