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Topic: [Havelock] Bitcoin Difficulty Derivative (BDD) - page 2. (Read 290008 times)

legendary
Activity: 1386
Merit: 1000
Round 3, Period 22 End Report - December 15, 2016

Previous Units              2983
EXCH Sold                   9
Less Buybacks              0
New Total Units        2992

Previous Balance          33.92387835
Gross Sales of EXCH      0.09524648

Less Fees                    0.00038099
Less Dividends              8.51433561
Less Buybacks              0.00000000
Less Mgmt Fee              0.00567767
Net Balance            25.49873056

End of Period NAV/U     0.0085223030

New Difficulty                  310,153,855,703
New Daily Dividend         0.00020268
New Reserve per Unit        0.03648240


NAV/U less New Reserve = 0.00852230  - 0.03648240 = -0.02796010

SELL Dividend                 0 (Because there are less than 180 days of dividends on hand)

Days of Dividends On Hand   42.04
legendary
Activity: 1386
Merit: 1000
Round 3, Period 22, Day 12 Report - December 14, 2016

Balance Post Divs: BTC 26.10473048

Total Units: 2992

NAV/U: BTC 0.00872484
legendary
Activity: 1386
Merit: 1000
Round 3, Period 22, Day 11 Report - December 13, 2016

Balance Post Divs: BTC 26.76038884

Total Units: 2992

NAV/U: BTC 0.00894398
legendary
Activity: 1386
Merit: 1000
Round 3, Period 22, Day 4 Report - December 6, 2016

Balance Post Divs: BTC 31.30961239

Total Units: 2988

NAV/U: BTC 0.01047845

Round 3, Period 22, Day 5 Report - December 7, 2016

Balance Post Divs: BTC 30.65482685

Total Units: 2988

NAV/U: BTC 0.01025931

Round 3, Period 22, Day 6 Report - December 8, 2016

Balance Post Divs: BTC 29.99982737

Total Units: 2988

NAV/U: BTC 0.01004010

Round 3, Period 22, Day 7 Report - December 9, 2016

Balance Post Divs: BTC 29.34482789

Total Units: 2988

NAV/U: BTC 0.00982089

Round 3, Period 22, Day 8 Report - December 10, 2016

Balance Post Divs: BTC 28.71615012

Total Units: 2991

NAV/U: BTC 0.00960085

Round 3, Period 22, Day 9 Report - December 11, 2016

Balance Post Divs: BTC 28.06297682

Total Units: 2991

NAV/U: BTC 0.00938247

Round 3, Period 22, Day 10 Report - December 12, 2016

Balance Post Divs: BTC 27.40731971

Total Units: 2991

NAV/U: BTC 0.00916326
legendary
Activity: 1386
Merit: 1000
Round 3, Period 21 End Report - December 2, 2016

Previous Units              2955
EXCH Sold                   209
Less Buybacks              0
New Total Units        2955

Previous Balance          42.83403368
Gross Sales of EXCH      0.35032284

Less Fees                    0.00140129
Less Dividends              9.24312852
Less Buybacks              0.00000000
Less Mgmt Fee              0.01594836
Net Balance            33.92387835

End of Period NAV/U     0.01137240

New Difficulty                  286,765,766,821
New Daily Dividend         0.00021921
New Reserve per Unit        0.03945780


NAV/U less New Reserve = 0.01137240  - 0.03945780 = -0.02808540

SELL Dividend                 0 (Because there are less than 180 days of dividends on hand)

Days of Dividends On Hand   51.87

Hey guys, Havelock made the transfer! So, today I will pay dividends for 12/2, 12/3, 12/4, and 12/5. Thanks-


Round 3, Period 22, Day 0 Report - December 2, 2016

Balance Post Divs: BTC 33.87304658

Total Units: 2983

NAV/U: BTC 0.01135536

Round 3, Period 22, Day 1 Report - December 3, 2016

Balance Post Divs: BTC 33.21914315

Total Units: 2983

NAV/U: BTC 0.01113615

Round 3, Period 22, Day 2 Report - December 4, 2016

Balance Post Divs: BTC 32.56523972

Total Units: 2983

NAV/U: BTC 0.01091694

Round 3, Period 22, Day 3 Report - December 5, 2016

Balance Post Divs: BTC 31.91133629

Total Units: 2983

NAV/U: BTC 0.01069773
jr. member
Activity: 105
Merit: 1
Cool.

One more question: Will my current B.Mine shares expire after the 55 days for difficulty? Or will I continue to have them afterwards?

EDIT: Never mind. I figured it out, after re-reading the project description again.
legendary
Activity: 1386
Merit: 1000
Round 3, Period 21, Day 10 Report - November 30 , 2016

Balance Post Divs: BTC 35.03870956

Total Units: 2970

NAV/U: BTC 0.01179754

Round 3, Period 21, Day 11 Report - December 1, 2016

Balance Post Divs: BTC 34.51294595

Total Units: 2982

NAV/U: BTC 0.01157375

Havelock still hasn't made the transfer, so we've got 1 or 2 days left of dividends in the MINE account - trying to get in touch with them about it. Just for clarity - the BTC is just in the EXCH account (which I can't manually transfer; only they can) - it just needs to be transferred. This may delay dividends until they make the transfer.
legendary
Activity: 1386
Merit: 1000
Round 3, Period 21, Day 7 Report - November 26, 2016

Balance Post Divs: BTC 37.56191521

Total Units: 2960

NAV/U: BTC 0.01268983

Round 3, Period 21, Day 8 Report - November 27 , 2016

Balance Post Divs: BTC 36.90188625

Total Units: 2960

NAV/U: BTC 0.01246685

Round 3, Period 21, Day 8 Report - November 28 , 2016

Balance Post Divs: BTC 36.24159905

Total Units: 2960

NAV/U: BTC 0.01224378

Round 3, Period 21, Day 9 Report - November 29 , 2016

Balance Post Divs: BTC 35.62691245

Total Units: 2964

NAV/U: BTC 0.01201987

Any word on the situation? I just checked the site again, it's still offline.

As far as I remember, this stuff happens every now and again, so it'll be up again soon hopefully. But it is a little annoying that they don't keep us updated when this sort of thing happens.


 They're back online now.

Yep, just happens sometimes - back on track!
member
Activity: 60
Merit: 10
Any word on the situation? I just checked the site again, it's still offline.

As far as I remember, this stuff happens every now and again, so it'll be up again soon hopefully. But it is a little annoying that they don't keep us updated when this sort of thing happens.


 They're back online now.
sr. member
Activity: 966
Merit: 260
Any word on the situation? I just checked the site again, it's still offline.

As far as I remember, this stuff happens every now and again, so it'll be up again soon hopefully. But it is a little annoying that they don't keep us updated when this sort of thing happens.
legendary
Activity: 1386
Merit: 1000
Havelock is currently down ATM, will check later today to see if they're up-
legendary
Activity: 1386
Merit: 1000
I have a few B.MINE shares.  Do I also need to get B.EXCH and B.SELL shares too to keep things going?   (I don't have a whole lot of bitcoin right now though)

No, you should really own either MINE or SELL, not both - Please be aware that there are approximately 54 days left of MINE dividends at the current rate and it looks like SELL will not receive a dividend at all (barring large consecutive jumps in the difficulty).
jr. member
Activity: 105
Merit: 1
I have a few B.MINE shares.  Do I also need to get B.EXCH and B.SELL shares too to keep things going?   (I don't have a whole lot of bitcoin right now though)
legendary
Activity: 1386
Merit: 1000
Round 3, Period 21, Day 1 Report - November 20, 2016

Balance Post Divs: BTC 41.45375391

Total Units: 2955

NAV/U: BTC 0.01402834

Round 3, Period 21, Day 2 Report - November 21, 2016

Balance Post Divs: BTC 40.79458205

Total Units: 2955

NAV/U: BTC 0.01380527

Round 3, Period 21, Day 3 Report - November 22, 2016

Balance Post Divs: BTC 40.13541020

Total Units: 2955

NAV/U: BTC 0.01358220

Round 3, Period 21, Day 4 Report - November 23, 2016

Balance Post Divs: BTC 39.47623835

Total Units: 2955

NAV/U: BTC 0.01335913

Round 3, Period 21, Day 5 Report - November 24, 2016

Balance Post Divs: BTC 38.81706650

Total Units: 2955

NAV/U: BTC 0.01313606

Round 3, Period 21, Day 6 Report - November 25, 2016

Balance Post Divs: BTC 38.15789465

Total Units: 2955

NAV/U: BTC 0.01291299

We're in Period 21 now, not 20 Tongue - Updated.
legendary
Activity: 1386
Merit: 1000
@twentyseventy

     Just wanted to let you know that there hasn't been any units up for sale for the last few days, I'm sure you just forgot. One other thing. I thought the new units and the NAV used to be much closer in price. Like a dividend or two's worth difference. Am I missing something or am I just wrong. Thanks again.

Hi AllInBit,
You're always on top of it! I apologize that I have not been; it's a combination of a new job with long hours and having been locked out of my 2FA for the past few days (new phone). Regardless, I apologize for the downtime. I'm not able to do my updates from work now, so that's an extra complication that didn't use to exist.

New units will always be NAV/U + 3%; they don't necessarily have anything to do with the dividend size.

Havelock still needs to do some internal transfers so that I can keep paying dividends; I've got a few days until I hit that limit. That could cause a delay for a few days, but I'll keep you updated (essentially new units are 'deposited' into EXCH and they have to transfer it manually to MINE for me to pay dividends).

jr. member
Activity: 105
Merit: 1
Seems interesting. Giving this a go.   Smiley
member
Activity: 60
Merit: 10
@twentyseventy

     Just wanted to let you know that there hasn't been any units up for sale for the last few days, I'm sure you just forgot. One other thing. I thought the new units and the NAV used to be much closer in price. Like a dividend or two's worth difference. Am I missing something or am I just wrong. Thanks again.
legendary
Activity: 1386
Merit: 1000
Round 3, Period 20, Day 0 Report - November 18, 2016

Balance Post Divs: BTC 42.77209760

Total Units: 2954

NAV/U: BTC 0.01447448

Round 3, Period 20, Day 1 Report - November 19, 2016

Balance Post Divs: BTC 42.11292575

Total Units: 2954

NAV/U: BTC 0.01425141
legendary
Activity: 1386
Merit: 1000
Round 3, Period 19 End Report - November 18, 2016

Previous Units              2746
EXCH Sold                   209
Less Buybacks              0
New Total Units        2955

Previous Balance          48.05917716
Gross Sales of EXCH      3.46121683

Less Fees                    0.01384487
Less Dividends              8.41129541
Less Buybacks              0.00000000
Less Mgmt Fee              0.26122003
Net Balance            42.83403368

End of Period NAV/U     0.01449544

New Difficulty                  281,800,917,193
New Daily Dividend         0.00022307
New Reserve per Unit        0.04015260


NAV/U less New Reserve = 0.01449544  - 0.04015260 = -0.02565716

SELL Dividend                 0 (Because there are less than 180 days of dividends on hand)

Days of Dividends On Hand   64.98
legendary
Activity: 1386
Merit: 1000
Round 3, Period 19, Day 11 Report - November 17, 2016

Balance Post Divs: BTC 43.41657167

Total Units: 2954

NAV/U: BTC 0.01469755
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