Topic: [BTC-TC] Deprived Mining Speculation (DMS) - page 65. (Read 198958 times)

So, how many of the 5000 did you buy back from yourself? 3000?   

Apologies, I misinterpreted what you wrote.

BTC Balance (BTC-TC)   1066.908422
11285 LTC-ATF.B1    112.93000000
Coinlenders CD 28/8    200.32546264
Coinlenders CD 13/8    101.12934983
Just-Dice Balance    173.10613987
TOTAL ASSETS    1,654.39937403
   
Outstanding MINING   48912
Outstanding SELLING   48912
Outstanding PURCHASE   2738
Effective Units   51650
   
Block reward   25
Difficulty   31,256,961
Hashes per MINING   5000000
   
Daily Dividend    0.00008045
50 days (Min Liquid)    0.00402236
100 days (Forced Close)    0.00804471
365 days (Buyback)    0.02936320
405 days (IPO)    0.03258108
400 days (Post SELLING div)    0.03217885
410 days (Pre SELLING div)    0.03298332
   
NAV Post MINING Div    1,650.24428013
NAV/U Post MINING Div    0.03195052
Days Dividend Post Div   397.16
SELLING Dividend    -         
NAV Post SELLING Div    1,650.24428013
NAV/U Post Selling Div    0.03195052
PURCHASE selling price    0.03355
PURCHASE buy-back price    0.03131
   
J-D House profit at report   2531

Report will be at usual time (right after dividend gos out and I've checked everything balances).  This is just a brief note in advance so I don't have to type it later.

A total of 5000 each of MINING and SELLING were bought back by DMS today.  The effect of that has been that NAV/U after today's dividend will be higher than they were at the start of the day (as we buy back at a bit below NAV/U).  If we have more sell-backs then I'll need to pull some of our investment out of J-D so as not to go over 10% invested there.

The sell-backs are working as intended - they provide a mechanism to prevent total collapse of prices when someone heavily dumps one or the other of MINING/SELLING (as soon as it falls a bit below sell-back price people step in to place bids and make a profit selling back pairs).

I wrote average difficulty jump (in the future)... but you are right, the difficulty jump estimations of MINING (buyers) and even more from other PMBs have always been conservative, but now we're heading in the right direction....

I think 17-18% is quite conservative for the next jump. My own model has been steadily predicting something a bit higher.

I guess you are very very happy you already sold... your previous plan going long on MINING would otherwise have made you about -40% 

With thousands of MINING sold into the bids at 0.007 we're now at an estimated average difficulty jump of ~17-18% (it was at <10% in the last weeks).

It seems that the upcoming Asicminer competition (Labcoin, BTCGarden, perhaps ActiveMining) is first anticipated by DMS shareholders. There are some interesting weeks to come...

The market price has no effect on dividends.

One more question: If the price of MINING dropped by 90% the day before SELLING got dividends, how would that effect SELLING's dividend? What if it dropped the day after the dividend?

Very nice explanation, thanks.

They don't get paid as a special dividend they get added to capital - and they're added into the NAV on a daily basis not when they end.

All the time that difficulty is rising at more than a few % per week the profits from investment go to SELLING in practical terms.  MINING's dividend is unchanged - being the PPS equivalent of 1 MH/S.  SELLING's dividend is what's left over after paying MINING (whilst maintaining a 400 day dividend buffer for MINING) so any profit from investment increases the size of the dividends SELLING receives.

PURCHASE gets all dividends paid to MINING AND SELLING - so it also benefits from profits from our investments.

The short answer is 'definitely to MINING and PURCHASE, possibly to SELLING as well'.

The longer answer is all dividends from investments get ploughed back into the fund. Dividends for MINING and PURCHASE are paid daily at the contracted rate (currently .00008045BTC/share/day). Dividends for SELLING only occur if there's enough in the kitty to pay at least 410 days worth of dividends to MINING at the currently contracted rate (currently there isn't, it's like 397 days or something). When the next difficulty increase occurs it looks likely SELLING will get a dividend, too.

I just bought some funds, which ones will you pay the CD dividends to?

BTC Balance (BTC-TC)   1226.965914
11285 LTC-ATF.B1    112.93000000
Coinlenders CD 28/8    200.19229470
Coinlenders CD 13/8    101.06366410
Just-Dice Balance    172.74218403
TOTAL ASSETS    1,813.89405702
   
Outstanding MINING   53912
Outstanding SELLING   53912
Outstanding PURCHASE   2738
Effective Units   56650
   
Block reward   25
Difficulty   31,256,961
Hashes per MINING   5000000
   
Daily Dividend    0.00008045
50 days (Min Liquid)    0.00402236
100 days (Forced Close)    0.00804471
365 days (Buyback)    0.02936320
405 days (IPO)    0.03258108
400 days (Post SELLING div)    0.03217885
410 days (Pre SELLING div)    0.03298332
   
NAV Post MINING Div    1,809.33672751
NAV/U Post MINING Div    0.03193887
Days Dividend Post Div   397.02
SELLING Dividend    -         
NAV Post SELLING Div    1,809.33672751
NAV/U Post Selling Div    0.03193887
PURCHASE selling price    0.03354
PURCHASE buy-back price    0.03130
   
J-D House profit at report   2430

Sold   201
Swapped   0
Total   201
Price   0.03366
Total   6.76566
Less Fee   6.75212868
Man Fee   0.20256386

BTC Balance (BTC-TC)   1231.365861
11285 LTC-ATF.B1    112.93000000
Coinlenders CD 29/7    203.92824826
Coinlenders CD 13/8    101.00070317
Just-Dice Balance    171.90295708
TOTAL ASSETS    1,821.12776920
   
Outstanding MINING   54032
Outstanding SELLING   54032
Outstanding PURCHASE   2738
Effective Units   56770
   
Block reward   25
Difficulty   31,256,961
Hashes per MINING   5000000
   
Daily Dividend    0.00008045
50 days (Min Liquid)    0.00402236
100 days (Forced Close)    0.00804471
365 days (Buyback)    0.02936320
405 days (IPO)    0.03258108
400 days (Post SELLING div)    0.03217885
410 days (Pre SELLING div)    0.03298332
   
NAV Post MINING Div    1,816.56078603
NAV/U Post MINING Div    0.03199860
Days Dividend Post Div   397.76
SELLING Dividend    -         
NAV Post SELLING Div    1,816.56078603
NAV/U Post Selling Div    0.03199860
PURCHASE selling price    0.03360
PURCHASE buy-back price    0.03136
   
J-D House profit at report   2246

Dividends took ages to process today - they were set correctly but didn't even start paying until :10 and then went very slowly.  Guess there's heavy load on the servers.

The first Coinlenders CD actually matured today.  I've just bought a new 200 BTC one but haven't yet withdrawn the profits (will be doing so later today - have to do it via inputs.io and haven't got that on this computer yet).  So from tomorrow there'll be a new 200 CD showing and the profit from first one will be back in our wallet on BTC-TC.

BTC Balance (BTC-TC)   1229.367208
11285 LTC-ATF.B1    112.93000000
Coinlenders CD 29/7    203.85838545
Coinlenders CD 13/8    100.93435363
Just-Dice Balance    171.08161697
TOTAL ASSETS    1,818.17156410
   
Outstanding MINING   53888
Outstanding SELLING   53888
Outstanding PURCHASE   2681
Effective Units   56569
   
Block reward   25
Difficulty   31,256,961
Hashes per MINING   5000000
   
Daily Dividend    0.00008045
50 days (Min Liquid)    0.00402236
100 days (Forced Close)    0.00804471
365 days (Buyback)    0.02936320
405 days (IPO)    0.03258108
400 days (Post SELLING div)    0.03217885
410 days (Pre SELLING div)    0.03298332
   
NAV Post MINING Div    1,813.62075081
NAV/U Post MINING Div    0.03206033
Days Dividend Post Div   398.53
SELLING Dividend    -         
NAV Post SELLING Div    1,813.62075081
NAV/U Post Selling Div    0.03206033
PURCHASE selling price    0.03366
PURCHASE buy-back price    0.03142
   
J-D House profit at report   2030

I don''t check the markets to do that myself - but anyone who notices they can buy a MINING+SELLING for less than the sell-back price of a PURCHASE if free to buy them and send them to me to receive the buyback price.

Buybacks happen by sending pairs of MINING+SELLING (or PURCHASE) to Depriveds account on BTCT.

Not sure if this was already covered, but does a MINING+SELLING get bought back everytime it can be done for less than the PURCHASE buy-back, or some other way?

The PURCHASE price is also updated every day.