Topic: [Havelock] Bitcoin Difficulty Derivative (BDD) (Read 290226 times)
Thus concludes BDD. Thanks and good fortune to all!
so, my shares are bought back after a small delay.
would like to thank 2070 on the first place for his great job done, and his attentiveness.
enjoyed all 3 rounds of BDD
would like to thank 2070 on the first place for his great job done, and his attentiveness.
enjoyed all 3 rounds of BDD
what's up here
** sigh **
Sorry, still waiting on Havelock here.... The funds are still sitting there....
Contacting Havelock again and will update in a week either way-
Text of my email:
Quote
Hi guys...
Please transfer all funds from EXCH (1.26620459) to MINE (Current Balance 3.09694006). Total balance for MINE will then be 3.09694006 + 1.26620459 = 4.36314465
Total funds 4.36314465 / 1220 = 0.003576348 (slightly more than the 0.00347322 required)
Please initiate a buyback for the remaining 1220 MINE shares.
Thanks,
Please transfer all funds from EXCH (1.26620459) to MINE (Current Balance 3.09694006). Total balance for MINE will then be 3.09694006 + 1.26620459 = 4.36314465
Total funds 4.36314465 / 1220 = 0.003576348 (slightly more than the 0.00347322 required)
Please initiate a buyback for the remaining 1220 MINE shares.
Thanks,
what's up here
Hi All, close-out is in progress. About 2/3 of the shares have been exchanged for BTC; the rest should be done next week - Havelock has to move funds from EXCH to MINE; that's all we're waiting on.
hi 2070,
any news regarding ending?
mathematically it should be over now, me thinks
any news regarding ending?
mathematically it should be over now, me thinks
The funds are still in the account - Havelock is just extremely slow to get back to me (as evidenced by the last time when I had to pause payouts because they hadn't done the transfer).
I'm going to email them again - will post an update when I have more information! Thanks-
hi 2070,
any news regarding ending?
mathematically it should be over now, me thinks
any news regarding ending?
mathematically it should be over now, me thinks
Hi can you confirm the exact date of when you will buy back B.MINE in addition to paying out the rest of the dividends?
Thanks for your amazing service these 3 years.
Regards, Ashraf
Thanks for your amazing service these 3 years.
Regards, Ashraf
Thank you for being a part of it! I'm still waiting on Havelock to confirm with me; I'll post an update as soon as I hear back! Another reason that I wont have another round.
Oh, Well I have been investing in all Rounds, I've been with you all the time, too bad this ends now 
Thanks for the service anyway!!
Thanks for the service anyway!!
Thank you very much!
Oh, Well I have been investing in all Rounds, I've been with you all the time, too bad this ends now
Thanks for the service anyway!!
Thanks for the service anyway!!
Hi All, dividends have been paid through the 9th. Since we have so few days left before the end of the round, I'm going to go ahead and end the round and pay out the current NAV/U to MINE. It's just simpler than scheduling a dividend today for 7 days of dividends, starting a new round, scheduling those dividends, etc, when it's all going to be paid out to MINE anyway.
Final NAV/U after the dividend of the 9th is 0.00347322
So, per the contract, trade will be stopped on EXCH/MINE/SELL and all MINE will be bought back for 0.00347322 each and SELL will be bought back for 0.
I appreciate everyone who participated over the last three (!) years - unfortunately, BDD never quite became the tool for miners/traders/etc to hedge their positions against rising or stagnating difficulty and the complexity of the contract proved a very high barrier to entry.
I wish you all luck and good fortune!
-2070
Final NAV/U after the dividend of the 9th is 0.00347322
So, per the contract, trade will be stopped on EXCH/MINE/SELL and all MINE will be bought back for 0.00347322 each and SELL will be bought back for 0.
I appreciate everyone who participated over the last three (!) years - unfortunately, BDD never quite became the tool for miners/traders/etc to hedge their positions against rising or stagnating difficulty and the complexity of the contract proved a very high barrier to entry.
I wish you all luck and good fortune!
-2070
Round 3, Period 24, Day 3 Report - January 1, 2017
Balance Post Divs: BTC 15.43531186
Total Units: 3029
NAV/U: BTC 0.00509584
Happy New Year, everyone!
Thanks to everyone for their patience. We a little over three weeks of dividends left and this will be the last round of BDD. Thank you to everyone who has participated over the last few years!
No, the price doesn't have anything to do with the difficulty (strictly) - https://bitcoinwisdom.com/bitcoin/difficulty
Over time, the increased price will probably lead to increased investment in mining equipment, but that takes a while to spin up.
Balance Post Divs: BTC 15.43531186
Total Units: 3029
NAV/U: BTC 0.00509584
Happy New Year, everyone!
Thanks to everyone for their patience. We a little over three weeks of dividends left and this will be the last round of BDD. Thank you to everyone who has participated over the last few years!
Bitcoin Price Up
In past weeks Bitcoin price went from $720 or so to around $940.
For B.MINE purposes, would this mean that bitcoin mining difficulty decreased? The same satoshi is now worth more.
Just curious.
Happy New Year everyone.
In past weeks Bitcoin price went from $720 or so to around $940.
For B.MINE purposes, would this mean that bitcoin mining difficulty decreased? The same satoshi is now worth more.
Just curious.
Happy New Year everyone.
No, the price doesn't have anything to do with the difficulty (strictly) - https://bitcoinwisdom.com/bitcoin/difficulty
Over time, the increased price will probably lead to increased investment in mining equipment, but that takes a while to spin up.
Round 3, Period 24, Day 0 Report - December 29, 2016
Balance Post Divs: BTC 17.23335654
Total Units: 3029
NAV/U: BTC 0.00568945
Round 3, Period 24, Day 1 Report - December 30, 2016
Balance Post Divs: BTC 16.63400831
Total Units: 3029
NAV/U: BTC 0.00549158
Round 3, Period 24, Day 2 Report - December 31, 2016
Balance Post Divs: BTC 16.03466008
Total Units: 3029
NAV/U: BTC 0.00529371
Balance Post Divs: BTC 17.23335654
Total Units: 3029
NAV/U: BTC 0.00568945
Round 3, Period 24, Day 1 Report - December 30, 2016
Balance Post Divs: BTC 16.63400831
Total Units: 3029
NAV/U: BTC 0.00549158
Round 3, Period 24, Day 2 Report - December 31, 2016
Balance Post Divs: BTC 16.03466008
Total Units: 3029
NAV/U: BTC 0.00529371
Round 3, Period 23 End Report - December 29, 2016
Previous Units 2992
EXCH Sold 37
Less Buybacks 0
New Total Units 3029
Previous Balance 25.49873056
Gross Sales of EXCH 0.23529590
Less Fees 0.00094118
Less Dividends 8.49958848
Less Buybacks 0.00000000
Less Mgmt Fee 0.02348999
Net Balance 17.21000681
End of Period NAV/U 0.00568174
New Difficulty 317,688,400,354
New Daily Dividend 0.00019787
New Reserve per Unit 0.03561660
NAV/U less New Reserve = 0.00568174 - 0.03561660 = -0.02993486
SELL Dividend 0 (Because there are less than 180 days of dividends on hand)
Days of Dividends On Hand 28.7
Previous Units 2992
EXCH Sold 37
Less Buybacks 0
New Total Units 3029
Previous Balance 25.49873056
Gross Sales of EXCH 0.23529590
Less Fees 0.00094118
Less Dividends 8.49958848
Less Buybacks 0.00000000
Less Mgmt Fee 0.02348999
Net Balance 17.21000681
End of Period NAV/U 0.00568174
New Difficulty 317,688,400,354
New Daily Dividend 0.00019787
New Reserve per Unit 0.03561660
NAV/U less New Reserve = 0.00568174 - 0.03561660 = -0.02993486
SELL Dividend 0 (Because there are less than 180 days of dividends on hand)
Days of Dividends On Hand 28.7
Round 3, Period 23, Day 12 Report - December 27, 2016
Balance Post Divs: BTC 18.25782993
Total Units: 2998
NAV/U: BTC 0.00609000
Round 3, Period 23, Day 13 Report - December 28, 2016
Balance Post Divs: BTC 17.66192142
Total Units: 3000
NAV/U: BTC 0.00588730
Balance Post Divs: BTC 18.25782993
Total Units: 2998
NAV/U: BTC 0.00609000
Round 3, Period 23, Day 13 Report - December 28, 2016
Balance Post Divs: BTC 17.66192142
Total Units: 3000
NAV/U: BTC 0.00588730
Bitcoin Price Up
In past weeks Bitcoin price went from $720 or so to around $940.
For B.MINE purposes, would this mean that bitcoin mining difficulty decreased? The same satoshi is now worth more.
Just curious.
Happy New Year everyone.
In past weeks Bitcoin price went from $720 or so to around $940.
For B.MINE purposes, would this mean that bitcoin mining difficulty decreased? The same satoshi is now worth more.
Just curious.
Happy New Year everyone.
Round 3, Period 23, Day 4 Report - December 19, 2016
Balance Post Divs: BTC 23.08806083
Total Units: 2994
NAV/U: BTC 0.00771144
Round 3, Period 23, Day 5 Report - December 20, 2016
Balance Post Divs: BTC 22.48123691
Total Units: 2994
NAV/U: BTC 0.00750876
Round 3, Period 23, Day 6 Report - December 21, 2016
Balance Post Divs: BTC 21.87441299
Total Units: 2994
NAV/U: BTC 0.00730608
Round 3, Period 23, Day 7 Report - December 22, 2016
Balance Post Divs: BTC 21.26758907
Total Units: 2994
NAV/U: BTC 0.00710340
Round 3, Period 23, Day 8 Report - December 23, 2016
Balance Post Divs: BTC 20.68503379
Total Units: 2998
NAV/U: BTC 0.00689961
Round 3, Period 23, Day 9 Report - December 24, 2016
Balance Post Divs: BTC 20.08073385
Total Units: 2998
NAV/U: BTC 0.00669804
Round 3, Period 23, Day 10 Report - December 25, 2016
Balance Post Divs: BTC 19.47309921
Total Units: 2998
NAV/U: BTC 0.00649536
Round 3, Period 23, Day 11 Report - December 26, 2016
Balance Post Divs: BTC 18.86546457
Total Units: 2998
NAV/U: BTC 0.00629268
Balance Post Divs: BTC 23.08806083
Total Units: 2994
NAV/U: BTC 0.00771144
Round 3, Period 23, Day 5 Report - December 20, 2016
Balance Post Divs: BTC 22.48123691
Total Units: 2994
NAV/U: BTC 0.00750876
Round 3, Period 23, Day 6 Report - December 21, 2016
Balance Post Divs: BTC 21.87441299
Total Units: 2994
NAV/U: BTC 0.00730608
Round 3, Period 23, Day 7 Report - December 22, 2016
Balance Post Divs: BTC 21.26758907
Total Units: 2994
NAV/U: BTC 0.00710340
Round 3, Period 23, Day 8 Report - December 23, 2016
Balance Post Divs: BTC 20.68503379
Total Units: 2998
NAV/U: BTC 0.00689961
Round 3, Period 23, Day 9 Report - December 24, 2016
Balance Post Divs: BTC 20.08073385
Total Units: 2998
NAV/U: BTC 0.00669804
Round 3, Period 23, Day 10 Report - December 25, 2016
Balance Post Divs: BTC 19.47309921
Total Units: 2998
NAV/U: BTC 0.00649536
Round 3, Period 23, Day 11 Report - December 26, 2016
Balance Post Divs: BTC 18.86546457
Total Units: 2998
NAV/U: BTC 0.00629268
Round 3, Period 23, Day 2 Report - December 17, 2016
Balance Post Divs: BTC 24.28547480
Total Units: 2992
NAV/U: BTC 0.00811680
Round 3, Period 23, Day 3 Report - December 18, 2016
Balance Post Divs: BTC 23.69405204
Total Units: 2994
NAV/U: BTC 0.00791384
Balance Post Divs: BTC 24.28547480
Total Units: 2992
NAV/U: BTC 0.00811680
Round 3, Period 23, Day 3 Report - December 18, 2016
Balance Post Divs: BTC 23.69405204
Total Units: 2994
NAV/U: BTC 0.00791384
Round 3, Period 23, Day 1 Report - December 16, 2016
Balance Post Divs: BTC 24.89189336
Total Units: 2992
NAV/U: BTC 0.00831948
Balance Post Divs: BTC 24.89189336
Total Units: 2992
NAV/U: BTC 0.00831948
Confusing thread but i'l contact you for any questions
Round 3, Period 23, Day 0 Report - December 15, 2016
Balance Post Divs: BTC 25.49831192
Total Units: 2992
NAV/U: BTC 0.00852216
Balance Post Divs: BTC 25.49831192
Total Units: 2992
NAV/U: BTC 0.00852216
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