Topic: [BTC-TC] Deprived Mining Speculation (DMS) - page 30. (Read 198958 times)

BTC Balance (BTC-TC)   154.3151605
9071 LTC-ATF.B1    90.71000000
CIPHERMINE Bonds    260.56000000
Coinlenders CD 27/9    203.64459670
Just-Dice Balance    153.86136722
TOTAL ASSETS    863.09112438
   
Outstanding MINING   152575
Outstanding SELLING   152575
Outstanding PURCHASE   10479
Effective Units   163054
   
Block reward   25
Difficulty   189,281,249
Hashes per MINING   5000000
   
Daily Dividend    0.00001328
50 days (Min Liquid)    0.00066423
100 days (Forced Close)    0.00132846
365 days (Buyback)    0.00484889
405 days (IPO)    0.00538028
400 days (Post SELLING div)    0.00531385
410 days (Pre SELLING div)    0.00544670
   
NAV Post MINING Div    860.92501127
NAV/U Post MINING Div    0.00528000
Days Dividend Post Div   397.45
SELLING Dividend    -         
NAV Post SELLING Div    860.92501127
NAV/U Post Selling Div    0.00528000

Here's today's report (posting it slightly early).

You'll see that NAV/U after today's dividends is aabout 2.5 MINING dividends lower than last published one (3 days ago).  Reason it hasn't dropped by almost exactly 3 MINING dividends is that we received just under 1 BTC in dividends on CIPHERMINE.B1.

The cash on hand and value of CIPHERMINE.B1 in the above include deductions for the amount owed to the investor who tried to cash out just before trading halted.  So if you look at actual cash in the account you'll see it's a bit higher,

Deprived, will you keep posting the daily reports?

MINING dividends are already too small to send daily manually.  They're below the dust limit - meaning they'd be ignored.

Dividends are working again on BTC-TC, so I'm processing the overdue ones now and also have scheduled today's dividends.

I'm still unable to transfer BTC or shares - so there's one redemption payment still due.  The person in question sent back 1252 each of MINING + SELLING but trading was halted before I processed it.  He (or she) is owed:

4.652156337 BTC
200 CIPHERMINE.B1

If whoever it was would like to contact me I can send the BTC direct to a wallet of their choice.  Nothing I can do about the CIPHERMINE.B1 right now.

The fees for MINING dividends would be prohibitively high. The same is true for SELLING dividends in a couple more diff. changes.

As far as I am concerned (for MINING), I'm ok with direct shares / direct dividends, Google Docs or whatever (friedcat style...)

FTFY. See http://en.wikipedia.org/wiki/Begging_the_question. Sorry -- pet peeve.

Maybe some simple trade engine managed by an anonymous trusted entity. Something similar to CoinLenders.

I will bet most likely no, according to current status. BitFunder is out, Havelock will be the same soon. I don't think Deprived will consider 796, picostacks, etc ..., and he said he does not want to take the trouble to manage by himself. What's other choices?

Will DMS be traded at the end of 2013?
http://bitbet.us/bet/487/dms-will-still-be-traded-at-the-end/

Maybe SEC?

Havelock?

That begs the question - if btct is closing down and Bitfunder won't take US customers for much the same reason, where do you turn to if you need to look after US investors?

A move to Bitfunder definitely won't happen now.  It would be icnredibly messy to try to move there when we have significant US investors - plus some of other investors may not want to go through ID verification etc.  A move which would leave some investors unable to sell their shares or even register to collect dividends isn't a valid option.

I just posted to our ticket there closing it (it hadn't been responded to by Ukyo anyway).

I'll give a more detailed update on things within the next few days - but, of course, I remain committed to ensuring EVERY investor (even those unfortunate enough to live in the US) receives full benefit for their shares.  In the short-term that means dividend payments through BTC-TC.

Right now the dividends still don't process - when the site comes up it crashes again as soon as I try to schedule a dividend.  Seems the modified bitcoind isn't working quite as planned.  Would expect burnside to have that sorted within a day or two.

well this is going to be a problem if DMS moves to Bitfunder:

Yes, balance is not 0 for me too. Manual withdrawal is required even for a very small amount.

+1 for updates about the future plan. Now it seems closing becomes more likely than before.

Balance is not 0 for me but any withdrawal impossible, triggers manual withdrawal even far below the threshold.

Anyway, any updates about the BitFunder move? You aren't US-based, right?

Yeah balances are still all showing as 0 on BTC-TC so it's impossible to pay dividends.  Soon as the balance shows back up I'll pay them.

Dividends did not process.  

There is now a notice on Bitfunder that US citizens will not be allowed to participate, and they will have to sell everything and remove their coin by November 1st.  I guess all my funds are in limbo until you move to a new exchange. 

Nice working with you and thanks for the profits!

Dividends are set for usual time today - but right now all balances on BTC-TC are showing as zero until a script is run, so they may not go through.  If they fail then obviously I'll resubmit them again later.

I also have one last minute transfer in of MINING/SELLING that I can't process (can't send shares or transfer coins at present) - so until that's sorted out a report won't be produced (if it takes a while then I can do one with adjustments if necessary).

I'll be out for next hour or two then will see what happened and update.

BTC Balance (BTC-TC)   373.1096388
9071 LTC-ATF.B1    90.71000000
CIPHERMINE Bonds    262.56000000
Coinlenders CD 27/9    203.64459670
Just-Dice Balance    153.86136722
TOTAL ASSETS    1,083.88560273
   
Outstanding MINING   153822
Outstanding SELLING   153822
Outstanding PURCHASE   10475
Effective Units   164297
   
Block reward   25
Difficulty   189,281,249
Hashes per MINING   5000000
   
Daily Dividend    0.00001328
50 days (Min Liquid)    0.00066423
100 days (Forced Close)    0.00132846
365 days (Buyback)    0.00484889
405 days (IPO)    0.00538028
400 days (Post SELLING div)    0.00531385
410 days (Pre SELLING div)    0.00544670
   
NAV Post MINING Div    1,081.70297682
NAV/U Post MINING Div    0.00658383
Days Dividend Post Div   495.60
SELLING Dividend    0.00126997
NAV Post SELLING Div    873.05036538
NAV/U Post Selling Div    0.00531385

-----

NAV/U    0.00531386
NAV/U Excluding Ciphermine    0.00371578
Ciphermine per unit    0.15980815
Units per Ciphermine    6.25750305

-----

For anyone looking to sell back please notice that the units per ciphermine has changed.  That's because a few PURCHASE were actually sold.  Good news is that means a (very slightly) higher percetage of cash per share.  Bad news is that it's no longer so easy to optimise shares sent in on trades.  Whilst the forums were down I continued to send them out at the old 0.16 ratio (so 25 each oof selling/mining received 4 bonds).  But I can't really continue doing that - as it's (only very slightly) taking away NAV/U from those left in.

The obvious multiples are:

7 each of S+M gets 1 bond
63 each of S+M gets 10 bonds
626 each of S+M gets 100 bonds.

There may be other good ratios in between that I haven't noticed.

Note also that I don't know exact time at which trading will cease - or whether transfers will be possible thereafter.