DBS Stands for?
?
?Deprived Mining Speculation, like it says on the label.
Topic: [BTC-TC] Deprived Mining Speculation (DMS) - page 54. (Read 198958 times)
Deprived Mining Speculation, like it says on the label.
DBS Stands for??
? 
Got my first 3 cents dividend today, thanks! 
Sold 5419
Swapped 0
Total 5419
Price 0.0208
Total 112.7152
Less Fee 112.4897696
Man Fee 3.374693088
BTC Balance (BTC-TC) 1,817.52662774
10164 LTC-ATF.B1 101.64000000
Coinlenders CD 28/8 202.41840664
Coinlenders CD 12/9 100.22407706
Just-Dice Balance 202.50000000
TOTAL ASSETS 2,424.30911144
Outstanding MINING 110268
Outstanding SELLING 110268
Outstanding PURCHASE 11923
Effective Units 122191
Block reward 25
Difficulty 50810339
Hashes per MINING 5000000
Daily Dividend 0.00004949
50 days (Min Liquid) 0.00247443
100 days (Forced Close) 0.00494886
365 days (Buyback) 0.01806334
405 days (IPO) 0.02004288
400 days (Post SELLING div) 0.01979544
410 days (Pre SELLING div) 0.02029033
NAV Post MINING Div 2,418.26204982
NAV/U Post MINING Div 0.01979084
Days Dividend Post Div 399.91
SELLING Dividend -
NAV Post SELLING Div 2,418.26204982
NAV/U Post Selling Div 0.01979084
PURCHASE selling price 0.02078
PURCHASE buy-back price 0.01940
J-D House profit at report 5133
Swapped 0
Total 5419
Price 0.0208
Total 112.7152
Less Fee 112.4897696
Man Fee 3.374693088
BTC Balance (BTC-TC) 1,817.52662774
10164 LTC-ATF.B1 101.64000000
Coinlenders CD 28/8 202.41840664
Coinlenders CD 12/9 100.22407706
Just-Dice Balance 202.50000000
TOTAL ASSETS 2,424.30911144
Outstanding MINING 110268
Outstanding SELLING 110268
Outstanding PURCHASE 11923
Effective Units 122191
Block reward 25
Difficulty 50810339
Hashes per MINING 5000000
Daily Dividend 0.00004949
50 days (Min Liquid) 0.00247443
100 days (Forced Close) 0.00494886
365 days (Buyback) 0.01806334
405 days (IPO) 0.02004288
400 days (Post SELLING div) 0.01979544
410 days (Pre SELLING div) 0.02029033
NAV Post MINING Div 2,418.26204982
NAV/U Post MINING Div 0.01979084
Days Dividend Post Div 399.91
SELLING Dividend -
NAV Post SELLING Div 2,418.26204982
NAV/U Post Selling Div 0.01979084
PURCHASE selling price 0.02078
PURCHASE buy-back price 0.01940
J-D House profit at report 5133
When you buy DMS.MINING shares you're betting that for that price, 5MH/s will break even or create a profit in it's first year, starting at the date of purchase.
And DMS.SELLING begs to differ, that the 5MH/s for that price won't break even?
And all during this, DMS.MINING shares get daily dividends for how much could have actually been mined with 5MH/s per share, and the shares can be sold whenever the owner decides to?
And DMS.SELLING begs to differ, that the 5MH/s for that price won't break even?
And all during this, DMS.MINING shares get daily dividends for how much could have actually been mined with 5MH/s per share, and the shares can be sold whenever the owner decides to?
That's about right, except for "in its first year". There is no time limit. There are some currently unlikely scenarios related to 400 days, because SELLING gets to keep amounts beyond what MINING can mine in 400 days at the current difficulty.
When you buy DMS.MINING shares you're betting that for that price, 5MH/s will break even or create a profit in it's first year, starting at the date of purchase.
And DMS.SELLING begs to differ, that the 5MH/s for that price won't break even?
And all during this, DMS.MINING shares get daily dividends for how much could have actually been mined with 5MH/s per share, and the shares can be sold whenever the owner decides to?
And DMS.SELLING begs to differ, that the 5MH/s for that price won't break even?
And all during this, DMS.MINING shares get daily dividends for how much could have actually been mined with 5MH/s per share, and the shares can be sold whenever the owner decides to?
That's about right, except for "in its first year". There is no time limit. There are some currently unlikely scenarios related to 400 days, because SELLING gets to keep amounts beyond what MINING can mine in 400 days at the current difficulty.
Hey guys, I didn't read any of the previous 45 pages of the thread, can you explain how this works? 
You probably want to read the first two post, and then if you still have any questions just ask. In general it's a combination of securities that allows you to either collect mining dividends at a reduced cost compared with some other funds with Dms.Mining, or go short that fund by betting against its valuation as being profitable with Dms.Selling. Also some of the money is invested in other ventures. It's a bit more complicated, so you might want to read the whole thing.
I was joking, but thanks for being polite about it!
I just see way too many people come to the thread and ask for an explanation without even attempting to skim the multiple in depth explanations already offered.
I bought 6 shares in DMS.mining today. I thought I could risk losing $1.75 in the worst case.
So can someone confirm what I understand to be true, or correct it?
When you buy DMS.MINING shares you're betting that for that price, 5MH/s will break even or create a profit in it's first year, starting at the date of purchase.
And DMS.SELLING begs to differ, that the 5MH/s for that price won't break even?
And all during this, DMS.MINING shares get daily dividends for how much could have actually been mined with 5MH/s per share, and the shares can be sold whenever the owner decides to?
So can someone confirm what I understand to be true, or correct it?
When you buy DMS.MINING shares you're betting that for that price, 5MH/s will break even or create a profit in it's first year, starting at the date of purchase.
And DMS.SELLING begs to differ, that the 5MH/s for that price won't break even?
And all during this, DMS.MINING shares get daily dividends for how much could have actually been mined with 5MH/s per share, and the shares can be sold whenever the owner decides to?
Hey guys, I didn't read any of the previous 45 pages of the thread, can you explain how this works?
You probably want to read the first two post, and then if you still have any questions just ask. In general it's a combination of securities that allows you to either collect mining dividends at a reduced cost compared with some other funds with Dms.Mining, or go short that fund by betting against its valuation as being profitable with Dms.Selling. Also some of the money is invested in other ventures. It's a bit more complicated, so you might want to read the whole thing.
Hey guys, I didn't read any of the previous 45 pages of the thread, can you explain how this works?
Sold 22481
Swapped 0
Total 22481
Price 0.02079
Total 467.37999
Less Fee 466.44523
Man Fee 13.9933569
BTC Balance (BTC-TC) 1,714.19050442
10164 LTC-ATF.B1 101.64000000
Coinlenders CD 28/8 202.28749534
Coinlenders CD 12/9 100.15950443
Just-Dice Balance 201.00000000
TOTAL ASSETS 2,319.27750419
Outstanding MINING 105254
Outstanding SELLING 105254
Outstanding PURCHASE 11518
Effective Units 116772
Block reward 25
Difficulty 50810339
Hashes per MINING 5000000
Daily Dividend 0.00004949
50 days (Min Liquid) 0.00247443
100 days (Forced Close) 0.00494886
365 days (Buyback) 0.01806334
405 days (IPO) 0.02004288
400 days (Post SELLING div) 0.01979544
410 days (Pre SELLING div) 0.02029033
NAV Post MINING Div 2,313.49862130
NAV/U Post MINING Div 0.01981210
Days Dividend Post Div 400.34
SELLING Dividend -
NAV Post SELLING Div 2,313.49862130
NAV/U Post Selling Div 0.01981210
PURCHASE selling price 0.02080
PURCHASE buy-back price 0.01942
J-D House profit at report 4709
Very large sales of PURCHASE mean that NAV/U rose very slightly even after paying today's MINING dividend.
Swapped 0
Total 22481
Price 0.02079
Total 467.37999
Less Fee 466.44523
Man Fee 13.9933569
BTC Balance (BTC-TC) 1,714.19050442
10164 LTC-ATF.B1 101.64000000
Coinlenders CD 28/8 202.28749534
Coinlenders CD 12/9 100.15950443
Just-Dice Balance 201.00000000
TOTAL ASSETS 2,319.27750419
Outstanding MINING 105254
Outstanding SELLING 105254
Outstanding PURCHASE 11518
Effective Units 116772
Block reward 25
Difficulty 50810339
Hashes per MINING 5000000
Daily Dividend 0.00004949
50 days (Min Liquid) 0.00247443
100 days (Forced Close) 0.00494886
365 days (Buyback) 0.01806334
405 days (IPO) 0.02004288
400 days (Post SELLING div) 0.01979544
410 days (Pre SELLING div) 0.02029033
NAV Post MINING Div 2,313.49862130
NAV/U Post MINING Div 0.01981210
Days Dividend Post Div 400.34
SELLING Dividend -
NAV Post SELLING Div 2,313.49862130
NAV/U Post Selling Div 0.01981210
PURCHASE selling price 0.02080
PURCHASE buy-back price 0.01942
J-D House profit at report 4709
Very large sales of PURCHASE mean that NAV/U rose very slightly even after paying today's MINING dividend.
Maybe one solution is to lock the fund for a day after dividend paying, and people can only cancel orders in this period. Otherwise at least announce the dividend time one day in advance and warn those buyers leaving buying orders pending. Especially when there's a bot there to help converting Purchase.
I lock PURCHASE for trading and clear all orders on it just before the dividend gets paid but not SELLING.
If I had a way to selectively clear orders then I'd willingly clear any orders that were above the new value for PURCHASE (if that occurs) - but my options are either to clear whole order book or clear nothing (for the record I DON'T believe issuers should have the ability to selectively clear orders).
Problem with clearing SELLING totally is it penalises people who put up orders they wanted to leave up and aren't around to replace - I've personally put a buy up on SELLING intentionally shortly before dividend and watched it get panic-filled after.
The principle of DMS has always been that I control the price of PURCHASE and MINING/SELLING are completely under the control of anyone who wants to buy/sell them. I don't intend to change that unless something unexpected ever happens - and SELLING dividends after difficulty changes are entirely expected, standard and predictable.
As someone mentioned earlier, today's dividend will be somewhere around .0068 - .007 (exact value depends on how J-D did today, how many PURCHASE sell in total etc).
MINING dividend today will be paid at old rate per my personal promise a while back - I'll be refunding the difference between old and new dividends to the fund (as I've done the few times before when difficulty changed between 16:00 and 00:00) with calculation for that included in the report..
Think clearing the orders was necessary here. Maybe they can make a choice for orders to cancel the order in the event of dividend, and set it to default in a security like this.
Is the transfer bot currently offline?
Net connection dropped overnight - have restarted it now and the backlog has been cleared.
Is the transfer bot currently offline?
Seeing as how we are starting to slowly shift discussion to the bot, anyone have any opinions regarding this security? Is it worth investing in, stay away, very risky, over priced?
Which one are you referring to? DMS.MINING, DMS.SELLING, or DMS.PURCHASE
* PURCHASE is a very conservative investment and the return is low.
* MINING is basically a "perpetual mining bond". It pays the highest dividends of all the PMBs, but it is still a PMB, so it carries all that baggage. Don't invest in this without a thorough understanding of the economics of mining.
* SELLING is very complicated. Don't invest in this without doing a lot of research.
I will try to explain SELLING as well as I could.
Disclaimer, I own some shares of SELLING myself.
Suppose PURCHASE costs 0.02, you buy SELLING at 0.017. Then actually it means you SELL someone the MINING at 0.003 and will give she daily dividend as she owns 5MHz/s miner. The 0.017 you paid plus the 0.003 you got from the selling of MINING, i.e. 0.02, is the deposit to ensure you can pay the mining dividend for 400 days. After mining difficulty decreases, so does the deposit needs. You may be refunded part of deposit so the rest can support the new dividend for 400 days. The refund is called SELLING dividend.
Sum up, the MINING dividend is paid by the holder of SELLING, not Deprived. The SELLING dividend is mostly the refund of deposit, plus small part of investing gain.
So why we buy SELLING? Simple, we are shorting MINING. We believe the MINING holders will lose money in a certain period. That is the MINING price in the future plus all the MINING dividends received will be less than 0.003, the price she paid to you now.
So the strategy is simple, if you long mining (at the current MINING price and your prediction of future difficulty), buy MINIMG. If you short, then buy SELLING (or buy PURCHASE and sell MINING)
SELLING order book has been cleared and it's back open. I won't be touching it again today.
Thanks a lot for this. You saved many buyers who trust you and you've proved you deserve their trust
Before the system can auto adjust the bidding price, clearing the order book seems be the best thing can be done now. Seeing as how we are starting to slowly shift discussion to the bot, anyone have any opinions regarding this security? Is it worth investing in, stay away, very risky, over priced?
Which one are you referring to? DMS.MINING, DMS.SELLING, or DMS.PURCHASE
* PURCHASE is a very conservative investment and the return is low.
* MINING is basically a "perpetual mining bond". It pays the highest dividends of all the PMBs, but it is still a PMB, so it carries all that baggage. Don't invest in this without a thorough understanding of the economics of mining.
* SELLING is very complicated. Don't invest in this without doing a lot of research.
Seeing as how we are starting to slowly shift discussion to the bot, anyone have any opinions regarding this security? Is it worth investing in, stay away, very risky, over priced?
how can i get the transfer bot?
You can't at present - and I'd recommen against it for now anyway.
I'm not the author of the bot - I just paid a bounty to have it developed. Once it's done the author can distribute it however they want - I'm not buying the code just the right to use it myself. So it may well end up being available freely.
But right now it's still very much in development - with cross-platform functionality being added (so I can do trading where I receive on BTC-TC and it sends on LTC-Global or other way round). At times there have been serious bugs in it where if it I'd ran it live it could have transferred out a bunch of shares costing a LOT of BTC. I doubt it'll be released to the public until it's stable - as it would only need one careless user who couldn't understand the code and/or didn't test properly to cause a real mess.
There's still a whole section of safety/double-checking that should go in before other people used it - to protect against server-side changing of the reported time-zone of trades and also to detect changes to the format of the API results (they changed last week which just crashed the bot - but if change had been done slightly differently it could potentially have caused serious problems).
SELLING order book has been cleared and it's back open. I won't be touching it again today.
So that's why my bot didn't make me money today! *shakes fist*
Good change though, it felt a bit too exploitative this way. Dividends this large are extremely uncommon with other assets (BTC or otherwise), so the normal fluidity of the market adjusting its prices to the dividend doesn't work as well.
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