Topic: [BTC-TC] Deprived Mining Speculation (DMS) - page 60. (Read 198958 times)

It won't ever be quite that quick.  There's a limit of one call per minute to that API and it's also cached.  Would guess average time for transfers will be 2-3 minutes once it's all running - which will hopefully be by the weekend.

Have been ironing out some glitches today (more testing to go) then tomorrow will be running it in test mode where it'll report transfers and what it would have done but not actually do it (that'll speed up transfers anyway as I'll see more promptly when I need to do some).  If that works fine tomorrow then on Saturday will probably turn it on for smaller transfers (under 100) and do large ones manually then let it go fully live once I've checked all the safeguards are working properly.

I didn't develop it - someone else did (up to them if they want to take credit in public or not).

On the other hand, with faster P->M&S conversions, there will be a lot less arb-opportunities as the windows will close much faster, which is too bad as I increased my (small) holdings quite a bit the last few days with arb'ing.

I cannot wait for an automated transfer process! I fell that there would be many more PURCHASE purchases (yes, I said it) if the buyer could get back M&S withing just a minute or so.

Sometimes the arbitrage window is very small....

Note that J-D profits are estimated.  I KNOW exactly what our balance is (higher than reported) and have roudned it down to approximate for the management fee due (to dooglus) on our profits.  I don't want to divest+reinvest to get it exact - as that potentially costs us if J-D gos into a dive (as we paid fees we wouldn no logner have to).  The value I've given is accurate to within .1 BTC - I could try to calculate it exactly but no real point as it moves around by more than that every second anyway.

Sold   1135
Swapped   0
Total   1135
Price   0.02828
Total   32.0978
Less Fee   32.0336044
Man Fee   0.961008132

Coinlenders CD 28/8    201.37435494
Coinlenders CD 13/8    101.64672106
Just-Dice Balance    159.60000000
TOTAL ASSETS    1,834.38349418
   
Outstanding MINING   61381
Outstanding SELLING   61381
Outstanding PURCHASE   6695
Effective Units   68076
   
Block reward   25
Difficulty   37,392,766
Hashes per MINING   5000000
   
Daily Dividend    0.00006725
50 days (Min Liquid)    0.00336232
100 days (Forced Close)    0.00672465
365 days (Buyback)    0.02454497
405 days (IPO)    0.02723483
400 days (Post SELLING div)    0.02689860
410 days (Pre SELLING div)    0.02757106
   
NAV Post MINING Div    1,829.80562155
NAV/U Post MINING Div    0.02687887
Days Dividend Post Div   399.71
SELLING Dividend    -         
NAV Post SELLING Div    1,829.80562155
NAV/U Post Selling Div    0.02687887
PURCHASE selling price    0.02822
PURCHASE buy-back price    0.02634
   
J-D House profit at report   4256

Anyone who looks carefully will find that the number of PURCHASE paid a dividend is actually 25 less than in the report above.  reason for that is I've been testing software to automate the transfer process - and as part of it have been sending PURCHASE from my personal account to the fund (and then returning them).  I forgot to send the last 25 back before the dividend processed so I missed out on 25 MINING dividends on those shares.  I only spotted the mistake when I did the audit just now - which immediately highlights any missed transfers as the total outstanding doesn't tally with the previous outstanding and sales (every report so far it's exactly matched - though on a few occasions I've had to go through transaction logs to find missed transfers).

There was a cross-session exploit which caused some people to have shares transferred out of their accounts.  That was fixed a while back.  Victims were people who did dumb things like clicking links from reddit whilst logged into exchanges etc.  Afaik the problem is solved or at least heavily mitigated.  Although transfers were what the exploit was used on, there were other ways damage could have been done.   There were a bunch of unrelated account breaches at the same time - those seem to have been not the fault of the exchange, rather people who didn't use 2FA and got their passwords key-logged/phished.

I use 2FA everywhere I can if I hadn't made that plain before.  All DMS funds (including on Coinlenders and in J-D) need 2FA to access.

What security flaws? Should I be worried?
As far as I know Deprived/LTC.ATF is trading there for quite a long time...

Due to the incredibly naive security flaws, I wouldn't touch Bitfunder nor its relatives with a 10-inch pole.

Sold   2486
Swapped   0
Total   2486
Price   0.02832
Total   70.40352
Less Fee   70.26271296
Man Fee   2.107881389

BTC Balance (BTC-TC)    1,243.55159603
10164 LTC-ATF.B1    101.64000000
Coinlenders CD 28/8    201.23747398
Coinlenders CD 13/8    101.57920386
Just-Dice Balance    159.20000000
TOTAL ASSETS    1,807.20827387
   
Outstanding MINING   60294
Outstanding SELLING   60294
Outstanding PURCHASE   6647
Effective Units   66941
   
Block reward   25
Difficulty   37,392,766
Hashes per MINING   5000000
   
Daily Dividend    0.00006725
50 days (Min Liquid)    0.00336232
100 days (Forced Close)    0.00672465
365 days (Buyback)    0.02454497
405 days (IPO)    0.02723483
400 days (Post SELLING div)    0.02689860
410 days (Pre SELLING div)    0.02757106
   
NAV Post MINING Div    1,802.70672601
NAV/U Post MINING Div    0.02692978
Days Dividend Post Div   400.46
SELLING Dividend    -         
NAV Post SELLING Div    1,802.70672601
NAV/U Post Selling Div    0.02692978
PURCHASE selling price    0.02828
PURCHASE buy-back price    0.02639
   
J-D House profit at report   4120

I have to be careful as manager to ensure we stay above that 50 days.  In practice that means keeping significantly more as cash to cover the next SELLING dividend and also to allow for significant MINING+SELLING redemptions.  With current likely high rises in difficulty that means I'm aiming to keep around 50% cash - so from my perspective I feel we could safely invest another 200-300 BTC without any cash-flow issues.

I'm reluctant to raise our investment in J-D as returns from that aren't guaranteed.  We fairly briefly went into the negative there ourselves - though we're now strongly back in the positive.

Ukyo.Loan is definitely a candidate - my concern with that is that when asked what backed the loans his answer was pretty much that the revenue from Bitfunder ensured he could pay the loans.  Problem is that a revenue stream only really backs servicing bonds not guaranteeing their face valuation - I like to see some evidence of liquid assets from anyone offering a bond that can be redeemed on request.

I'm fine with putting it up for a vote if there are more interested in it.

According to the contract on BTCT, at least 50 days of MINING dividends need to be held in cash. Currently, that's roughly 12.5% of NAV.

I (as holder of a small number of SELLING), would also favour additional investments, if sufficiently secure ones can be found.

What about investing some more of the balance?
What is the minimal % of NAV that we need to keep in "cash" at BTC-TC?

Ukyo.Loan seems interesting - 18.25% (currently paying bonus +50% ~ 27.375%), maybe we could invest 10-20% NAV there.

Just-Dice is doing great, maybe we could raise our investment to 15% NAV (currently cca 9.1% NAV), the house profit is around 0.52%, in theory it should be 1%, but we should be careful with this due to the variance.

Yes.

How do I redeem an M+S pair? Do they have to be sent to DeprivedMining?

A big jump in J-D profit today (plus continued strong buying of PURCHASE) mean the NAV/U has grown again today even after paying out dividends.

Sold   6390
Swapped   0
Total   6390
Price   0.02827
Total   180.6453
Less Fee   180.2840094
Man Fee   5.408520282

BTC Balance (BTC-TC)    1,179.73128182
10164 LTC-ATF.B1    101.64000000
Coinlenders CD 28/8    201.10983016
Coinlenders CD 13/8    101.51624293
Just-Dice Balance    158.50000000
TOTAL ASSETS    1,742.49735491
   
Outstanding MINING   59107
Outstanding SELLING   59107
Outstanding PURCHASE   5348
Effective Units   64455
   
Block reward   25
Difficulty   37,392,766
Hashes per MINING   5000000
   
Daily Dividend    0.00006725
50 days (Min Liquid)    0.00336232
100 days (Forced Close)    0.00672465
365 days (Buyback)    0.02454497
405 days (IPO)    0.02723483
400 days (Post SELLING div)    0.02689860
410 days (Pre SELLING div)    0.02757106
   
NAV Post MINING Div    1,738.16298185
NAV/U Post MINING Div    0.02696708
Days Dividend Post Div   401.02
SELLING Dividend    -         
NAV Post SELLING Div    1,738.16298185
NAV/U Post Selling Div    0.02696708
PURCHASE selling price    0.02832
PURCHASE buy-back price    0.02643
   
J-D House profit at report   3990

Ok i see trolling mode is on 

In the meantime, MINING is showing 400% per year! No matter which one you pick, EVERYONE'S A WINNER!

That's generated by BTCT. Deprived has nothing to do with the stats calculated by BTCT.

Now i know why Deprived made this! So he could produce this chart for us to enjoy! :D

A bit misleading, don't you think?