Round 2, Period 5, Day 2 Report - August 10, 2015
Balance Post Divs: BTC 195.00939570
Total Units: 1564
NAV/U: BTC 0.12468631
Topic: [Havelock] Bitcoin Difficulty Derivative (BDD) - page 24. (Read 290294 times)
Round 2, Period 5, Day 1 Report - August 9, 2015
Balance Post Divs: BTC 195.87376180
Total Units: 1559
NAV/U: BTC 0.12564064
Balance Post Divs: BTC 195.87376180
Total Units: 1559
NAV/U: BTC 0.12564064
Round 2, Period 5, Day 0 Report - August 8, 2015
Balance Post Divs: BTC 196.98174505
Total Units: 1556
NAV/U: BTC 0.12659495
Balance Post Divs: BTC 196.98174505
Total Units: 1556
NAV/U: BTC 0.12659495
Round 2, Period 4 End Report - August 8, 2015
Previous Units 1545
EXCH Sold 1
Less Buybacks 0
New Total Units 1556
Previous Balance 217.8711545
Gross Sales of EXCH 1.56016028
Less Fees 0.00323982
Less Dividends 20.91322780
Less Buybacks 0
Less Mgmt Fee 0.04824245
Net Balance 198.46660473
End of Period NAV/U 0.12754923
New Difficulty 52,699,842,409
New Daily Dividend 0.00095428
New Reserve per Unit 0.17177040
NAV/U less New Reserve = 0.12754923 - 0.17177040 = -0.04422117
SELL Dividend 0 (Because there are less than 180 days of dividends on hand)
Days of Dividends On Hand 133.66
Previous Units 1545
EXCH Sold 1
Less Buybacks 0
New Total Units 1556
Previous Balance 217.8711545
Gross Sales of EXCH 1.56016028
Less Fees 0.00323982
Less Dividends 20.91322780
Less Buybacks 0
Less Mgmt Fee 0.04824245
Net Balance 198.46660473
End of Period NAV/U 0.12754923
New Difficulty 52,699,842,409
New Daily Dividend 0.00095428
New Reserve per Unit 0.17177040
NAV/U less New Reserve = 0.12754923 - 0.17177040 = -0.04422117
SELL Dividend 0 (Because there are less than 180 days of dividends on hand)
Days of Dividends On Hand 133.66
Running short on time this evening, so I'm scheduling the dividends for today and tomorrow - the report will be issued ASAP today or tomorrow-
Round 2, Period 4, Day 13 Report - August 7, 2015
Balance Post Divs: BTC 198.46660473
Total Units: 1556
NAV/U: BTC 0.12754923
Balance Post Divs: BTC 198.46660473
Total Units: 1556
NAV/U: BTC 0.12754923
I'm traveling this weekend, so the update for today will be this evening. Difficulty will change tomorrow morning; my report and tomorrow's div will likely be tomorrow evening. Thanks for your understanding-
Round 2, Period 4, Day 12 Report - August 6, 2015
Balance Post Divs: BTC 199.96343005
Total Units: 1556
NAV/U: BTC 0.12851120
Balance Post Divs: BTC 199.96343005
Total Units: 1556
NAV/U: BTC 0.12851120
Round 2, Period 4, Day 11 Report - August 5, 2015
Balance Post Divs: BTC 201.46025537
Total Units: 1556
NAV/U: BTC 0.12947317
Balance Post Divs: BTC 201.46025537
Total Units: 1556
NAV/U: BTC 0.12947317
Round 2, Period 4, Day 10 Report - August 4, 2015
Balance Post Divs: BTC 202.95708069
Total Units: 1556
NAV/U: BTC 0.13043514
Balance Post Divs: BTC 202.95708069
Total Units: 1556
NAV/U: BTC 0.13043514
Round 2, Period 4, Day 9 Report - August 3, 2015
Balance Post Divs: BTC 204.45390601
Total Units: 1556
NAV/U: BTC 0.13139711
Balance Post Divs: BTC 204.45390601
Total Units: 1556
NAV/U: BTC 0.13139711
Round 2, Period 4, Day 8 Report - August 2, 2015
Balance Post Divs: BTC 205.81838812
Total Units: 1555
NAV/U: BTC 0.13235909
Balance Post Divs: BTC 205.81838812
Total Units: 1555
NAV/U: BTC 0.13235909
Round 2, Period 4, Day 7 Report - August 1, 2015
Balance Post Divs: BTC 207.31425147
Total Units: 1555
NAV/U: BTC 0.13332106
Balance Post Divs: BTC 207.31425147
Total Units: 1555
NAV/U: BTC 0.13332106
Round 2, Period 4, Day 6 Report - July 31, 2015
Balance Post Divs: BTC 208.81011482
Total Units: 1555
NAV/U: BTC 0.13428303
Balance Post Divs: BTC 208.81011482
Total Units: 1555
NAV/U: BTC 0.13428303
Round 2, Period 4, Day 5 Report - July 30, 2015
Balance Post Divs: BTC 210.30597817
Total Units: 1555
NAV/U: BTC 0.13524500
So, really, if you think MINE is undervalued then you would just purchase those shares of MINE on the open market. Let's assume that difficulty stay exactly the same for the next 5 months, long enough to close out this round. The current NAV/U, 0.13524500, is the most that would be paid out to MINE.
So, you'd just purchase all units of MINE on the open market that are offered less than this amount and then you'd just hold them and reap the spread (NAV/U less purchase price = your profit).
Right now the lowest ASK on the market is .138, leaving you with no asks to purchase; you could put in an open order on the market and hope to be sold into.
Balance Post Divs: BTC 210.30597817
Total Units: 1555
NAV/U: BTC 0.13524500
TwentySeven, what do you think about adding another contract to BDD where buyers bet on B.Mine being undervalued. How do you think it would play out?
So, really, if you think MINE is undervalued then you would just purchase those shares of MINE on the open market. Let's assume that difficulty stay exactly the same for the next 5 months, long enough to close out this round. The current NAV/U, 0.13524500, is the most that would be paid out to MINE.
So, you'd just purchase all units of MINE on the open market that are offered less than this amount and then you'd just hold them and reap the spread (NAV/U less purchase price = your profit).
Right now the lowest ASK on the market is .138, leaving you with no asks to purchase; you could put in an open order on the market and hope to be sold into.
TwentySeven, what do you think about adding another contract to BDD where buyers bet on B.Mine being undervalued. How do you think it would play out?
Round 2, Period 4, Day 4 Report - July 29, 2015
Balance Post Divs: BTC 211.66565089
Total Units: 1554
NAV/U: BTC 0.13620698
Balance Post Divs: BTC 211.66565089
Total Units: 1554
NAV/U: BTC 0.13620698
Round 2, Period 4, Day 3 Report - July 28, 2015
Balance Post Divs: BTC 212.74909471
Total Units: 1551
NAV/U: BTC 0.13716898
Balance Post Divs: BTC 212.74909471
Total Units: 1551
NAV/U: BTC 0.13716898
Yep I can place an order but it doesn't show up on the bid/ask list.
I just logged on and placed an order.... same thing happened, didnt show up.
@twentyseventy: Did they give you a time frame as to when things might be back to normal? Thanks
Nope it was just an 'ASAP' kind of thing. Looks like orders have started to be able to be executed. Have now updated the EXCH ask.
Yep I can place an order but it doesn't show up on the bid/ask list.
I just logged on and placed an order.... same thing happened, didnt show up.
@twentyseventy: Did they give you a time frame as to when things might be back to normal? Thanks
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