Topic: [BTC-TC] Deprived Mining Speculation (DMS) - page 48. (Read 198958 times)

That could be interesting only from the marketing point of view (e.g. DMS2 with hashing power equal to ASICMINER USB Block Eruptor), otherwise one can just buy more DMS.MINING shares.

I suggest the manager issue DMS 2nd which have the mining shares with higher hash power. The is really a good product.

Yea it cleary looks like there is big drops when BFL(i guess and possibly some other company's to) is sending out big shippments after they have been illeagally mining with there customers devices for days(or weeks).....



Here it cleary looks extra sucpicous at 13-14/8 and 23-24/8 for example, but really any downspike of 100-150 Th/s in the 1 day avg is really to large and probably due to miners taken offline and sent out in batches by a scamcompany.
It's hardly because of any GPU miners stopping to mine btc and miners stalling during people's sleep or on hot days, that's clearly a very small factor these days.

Dunno if that's true.  One rather cynical explanation is that drops occur when the less honest suppliers decide to stop private mining with ASICs paid for on pre-orders and finally send a batch out.

daaaaaamn

Yeah, that may have been a dumb question on my part. I should have asked if there was a pool or solo-miner that had been mining a lot more blocks than normal in the last ~12 hours.

Fluctuations are really never due to equipment getting turned on and off

Network hashrate is back to ~575 TH/s, from 770TH/s a few hours ago - was there a lot of equipment turned on and then off, or just a lucky streak?

Look at the hashpower now, 825T/s. If the mining's price is higher than 0.0018, investors must/will lose. And also, selling don't have much profit rate now.

Sold   3991
Swapped   0
Total   3991
Price   0.01591
Total   63.49681
Less Fee   63.36981638
Man Fee   1.901094491

BTC Balance (BTC-TC)   2085.580572
9071 LTC-ATF.B1    90.71000000
Coinlenders CD 27/9   200.4216218
Coinlenders CD 12/9   101.1935666
Coinlenders Cash   3.93489073
Just-Dice Balance    245.05000000
TOTAL ASSETS    2,726.89065116
   
Outstanding MINING   170267
Outstanding SELLING   170267
Outstanding PURCHASE   9543
Effective Units   179810
   
Block reward   25
Difficulty   65,750,060
Hashes per MINING   5000000
   
Daily Dividend    0.00003824
50 days (Min Liquid)    0.00191219
100 days (Forced Close)    0.00382438
365 days (Buyback)    0.01395899
405 days (IPO)    0.01548874
400 days (Post SELLING div)    0.01529752
410 days (Pre SELLING div)    0.01567996
   
NAV Post MINING Div    2,720.01403229
NAV/U Post MINING Div    0.01512716
Days Dividend Post Div   395.55
SELLING Dividend    -         
NAV Post SELLING Div    2,720.01403229
NAV/U Post Selling Div    0.01512716
PURCHASE selling price    0.01588
PURCHASE buy-back price    0.01482
   
J-D House profit at report   5745

Notification of Testing

Over the coming weekend (31st August and 1st September) I will be testing a modified transfer bot that can automatically handle trades between BTC-TC and LTC-Global.  Testing may extend past that if necessary.

This testing will occur on the LTC-ATF.B1 and LTC-ATF.B2 securities.  Various accounts controlled by myself will be transferring these securities around - and extra of each security will be temporarily issued for the purpose of testing.

This testing will have no lasting impact (all extra sharcs issued will be returned prior to dividend payments) but will mean that at times the shares outstanding on LTC-ATF.B1 and LTC-ATF.B2 may significantly vary (testing isn't only of 1:1 exchanging but also of X:1 exchanging with fee deduction and return of shares not amounting to sufficient for a full trade to occur).

As well as shares outstanding varying in the securities themselves there will on occasions also be changes in shares held by the DMS accounts on both BTC-TC and LTC-Global.

All testing will be on accounts controlled by myself and manual transfers will be used to return all share counts to their correct values at the conclusion of testing (and before any dividend payments).

Posting this here as DMS' holdings are in public portfolios - the holdings of LTC-ATF.B1 may temporarily change during testing and holdings of LTC-ATF.B2 may appear at times.  There'll be no units of either actually trading for DMS so real holdings will remain completely unchanged.

Testing will not disrupt the existing bot - that'll continue running throughout unchanged.

Sold   1707
Swapped   0
Total   1707
Price   0.01594
Total   27.20958
Less Fee   27.15516084
Man Fee   0.814654825

BTC Balance (BTC-TC)   2030.836274
9071 LTC-ATF.B1    90.71000000
Coinlenders CD 27/9   200.3020176
Coinlenders CD 12/9   101.1298096
Coinlenders Cash   3.93267533
Just-Dice Balance    243.80000000
TOTAL ASSETS    2,670.71077675
   
Outstanding MINING   167342
Outstanding SELLING   167342
Outstanding PURCHASE   8477
Effective Units   175819
   
Block reward   25
Difficulty   65,750,060
Hashes per MINING   5000000
   
Daily Dividend    0.00003824
50 days (Min Liquid)    0.00191219
100 days (Forced Close)    0.00382438
365 days (Buyback)    0.01395899
405 days (IPO)    0.01548874
400 days (Post SELLING div)    0.01529752
410 days (Pre SELLING div)    0.01567996
   
NAV Post MINING Div    2,663.98678891
NAV/U Post MINING Div    0.01515187
Days Dividend Post Div   396.19
SELLING Dividend    -         
NAV Post SELLING Div    2,663.98678891
NAV/U Post Selling Div    0.01515187
PURCHASE selling price    0.01591
PURCHASE buy-back price    0.01485
   
J-D House profit at report   5444

Yeah, when I lowered the rate for B2 down to .35% per week from .6% on B1 I was half expecting to have to raise it to sell as many as I wanted.  Looks very much like I could have offered less without any problems - as there's very little sign of many people being willing to offer ANY almost-guaranteed returns.

Which leaves a serious lack of investments for those who don't want to gamble on the three main types of securities offered:

"I have a website, have done some mining and want to build ASICs so send me $X million"
"Send me $X million and I'll buy loads of ASIC pre-orders, keep a large chunk for myself if they actually show up and give you whatever's left"
"I held ASICMINER for a few weeks and they went up in price so I'd like to run an investment fund"

That's 90% of all IPOs.

Indeed, it also shows we are offering way too high of an interest rate on these bonds.

Default on loans isn't that much of a concern with CoinLenders - most loans he does are secured by 100-150% collateral so he really doesn't care what they borrow for or whether it works out.  What concerned me more was the combination of two things:

1.  Before the last change (where it went to being a demo) it had changed from money being used for loans to money being used for loans, margin-trading, investment in securities etc (not his exact words).
2.  There was no personal guarantee any more and no accounting for what assets/funds actually back the investment.

Put those together and there's no way to know the extent to which capital is secure if some speculative move/investment gos south.

The problem he faces is that even if he fully intends to personally guarantee the deposits he can't say so - as to do so would undermine the whole point behind the change in his terms.  But without him saying it I can't really invest more DMS funds - as I'd be doing so based on a guess about what his intention was.  Whilst I may be fine making that guess with my own funds I can't in good conscience do it with other people's - as anything based on a guess fails to meet our criteria for investment.  So I'll be pulling our CDs as they mature.

It's unfortunate that there are few bonds around (the ones out there are all sold out).  It pretty much shows how full of shit all these new mining/ASIC companies are - although they'll happily predict huge profits for investors they won't put their money where their mouth is and raise their capital via loan/bond paying a fixed-rate.  Despite the fact that if they're right about the profits they'd make a lot more doing it that way.

There's a reason people who can actually make a decent profit offer bonds/loans rather than equity.  And there's a reason those who can't make a decent profit always sell shares.  At present there's not enough of the former and too many of the latter.

It most definitely does not. Correct me if I am wrong, but Coinlenders lends most of their loans to people who invest in mining - with the latest trends in that area and with the new ToS, I feel it became way too much of a risk for DMS to take. It's likely some if not most of Coinlenders' debtors who are invested in mining will fail to pay in time. If there is no guarantee anymore, it became something low-risk fund should never invest into. Pull out all the funds while you can.

On the other hand, I suggest raising our stake in Just-Dice. Dooglus proved to manage the site well in the past months; there are rarely any whales anymore driving the variance high. The earnings are much lower but steady and with minimal risk (compared to other investments in the Bitcoinland).

Going to catch up today.

Deprived, why has there been no report/valuation made of LTC-ATF in the thread https://bitcointalksearch.org/topic/ltc-global-ltc-atf-112876 for the past 18 days ?
The contract stipulates that it should be made at least every fortnight! :

"... At least once per fortnight (with the goal being to do it weekly) a report will
be prepared and posted in the forum thread linked above. This will include a
current valuation of the NAV and NAV/U for the fund. This valuation will be in
LTC (a BTC valuation will also be posted). ..."

Usually demands generates new suppliers. In mining chip market, however, situation may differ. No one could take risk to setup new product lines just for mining chips, cause chips could lose value exponentially. Besides, the whole BTC market itself is not reliable enough to support a fast growing chip fabrication industry. This is a very special and interesting case. Let's see what will happen.

The supply of chips can be a bottleneck. Exponential hash rate growth means exponential chip production rate. That's a large pressure on current chip market. That also explains why there are so many delayed/canceled chip/machine orders.