Topic: [BTC-TC] Deprived Mining Speculation (DMS) - page 42. (Read 198958 times)

No, I didn't mean it required no knowledge. I was just saying that it's easy to understand what is PMB and its dividend calculation is straightforward. There are other PMBs on the market which act the same (a PMB is a PMB). SELLING, on contrast, is a fund with unique rules, which are not so easy to understand.

If someone is going to buy PMBs (after he has done his math), he can just buy MINING. No precise knowledge of DMS mechanisms is required in this case.

LOL. You are implying that buying a PMB requires no knowledge or skill -- and that is completely wrong. Most people investing in mining are losing tons of money because they are not doing the necessary research and are generally ignorant of the economics of mining.

MINING will generally act like a 5MH/s PMB, so if you just want cheap PMBs, buy it.
SELLING requires some reading first.

If you don't understand how it works you're honestly probably better off NOT buying it.  And that holds true for most securities around.  The single piece of advice I'd give to anyone asking me what securities to buy is not to buy any - if you don't already know which to buy from your own research then asking on a forum isn't that likely to end up with you making a profit.

As far as DMS is concerned if you buy and hold PURCHASE then it's likely that in the long-term you'll make a tiny profit if you just hold it.  Too tiny a profit to justify it in my view.

If you buy MINING or SELLING then you MAY make either a profit or a loss.  You have to decide which (if either) is the correct one (it's entirely possible for neither to be worthwhile at any point in time but impossible for BOTH to be signficantly profitable).  The current prices represent (by definition) the point at which there is an equal amount of money betting on both sides - but some of that money may well be better informed than the other side.  Unless you believe your judgment is better than the money-weighted view of the market as a whole then an investment by you is just a gamble.

And remember that if you accept investing in this without being better informed than the market as a whole is a gamble, then investing in any other PMB-type investment at a higher price per hash is the same gamble but with worse odds.

I'm a novice and I suppose I'm asking you guys if its worth buying stock.

But you've answered the question nicely.

I'll keep an eye on the prices and buy a small amount.

Is what working?

The transfer bot is working.
Dividends are being paid according to the defined plan.
People who get the price wrong will be losing money to people who get the price right (though we won't know for sure which are which for a while).

If you meant something else then please clarify.

Hi,

I'm about to buy shares.

Straight question..  Is this working?

Sarcasmes are welcome as long as I get my answer 

I didn't notice before today's report but we had our first CIPHERMINE.B1 dividend today:

2013-09-16 07:35:33    38234    ฿ 0.00003850    ฿ 1.47181783

That would account for the fairly small drop in NAV/U today - I didn't notice as the drop was always going to be a bit lower than normal because of high (compared to other recent trade levels) PURCHASE sales.  I won't be reporting these generally - though if anyone ever wants I can paste a list of received dividends.

Will be withdrawing 60 BTC from J-D back to BTC-TC, to get us back just below 10% invested there.  Would have withdrawn already but the J-D server just died right as I was trying to do the withdrawal.  Will try again once it's back up.

EDIT: Withdrawal had actually gone through - server must have died right as it was sending me confirmation.

Sold   8849
Swapped   0
Total   8849
Price   0.009377
Total   82.977073
Less Fee   82.81111885
Man Fee   2.484333566

BTC Balance (BTC-TC)   994.6788181
9071 LTC-ATF.B1    90.71000000
CIPHERMINE Bonds    382.34000000
Coinlenders CD 27/9   202.3603714
Coinlenders Cash   0
Just-Dice Balance    247.55800000
TOTAL ASSETS    1,917.64718947
   
Outstanding MINING   204057
Outstanding SELLING   204057
Outstanding PURCHASE   10413
Effective Units   214470
   
Block reward   25
Difficulty   112,628,549
Hashes per MINING   5000000
   
Daily Dividend    0.00002233
50 days (Min Liquid)    0.00111629
100 days (Forced Close)    0.00223259
365 days (Buyback)    0.00814895
405 days (IPO)    0.00904199
400 days (Post SELLING div)    0.00893036
410 days (Pre SELLING div)    0.00915361
   
NAV Post MINING Div    1,912.85895585
NAV/U Post MINING Div    0.00891900
Days Dividend Post Div   399.49
SELLING Dividend    -         
NAV Post SELLING Div    1,912.85895585
NAV/U Post Selling Div    0.00891900
PURCHASE selling price    0.009365
PURCHASE buy-back price    0.008741
   
J-D House profit at report   6329

Hmm, then maybe you ran into someone elses bot. Mine only camps the SELLING-asks (and only when my laptop is running and the expected profitability is high enough).

Anyway, it's not for sale. It only operates with a very specific algorithm, and there is very little liquidity there, so having multiple bots doing the same thing would be pointless. I'd have to sell it for more than it is expected to earn. And if I was into that sort of shady business, I'd just start my own PMB

If you're interested in automated trading and have some programming experience, you can use my freely available library for BTC-TC to create your own bot or trading-software: https://bitcointalksearch.org/topic/anndev-cnet-library-for-btc-tc-api-demo-client-291922

That's not what it was doing to me, but it hardly matters. Where can I buy it?))

It's 0.000001 lower than the previous lowest ask, not 0.00004.

Gotta say that bot putting ask prices 0,000004 lower than your last input is fucking annoying.

^ thanks, this was the first difficulty change after I bought SELLING...

Trading is stopped after every difficulty change. Deprived needs to change the price of PURCHASE. Nothing to worry about.

Hey, just got this by email:


Anyone care to explain what it means?

I don't mean the exact prices, but a MINING price that assumes future average difficulty jumps < 13%. The opportunities for SELLING are getting better again, nearly as good as back in June. That's what I meant.

It's not June prices - MINING was trading at .024 then (different number of 0s after decimal place).

Seems we are back to June prices with people buying MINING > 0.0024

13% average difficulty rise per jump in the next weeks.... seems legit!