Period 20, Day 11 Report - September 25, 2014
Balance Post Divs: BTC 239.35855646
Total Units: 15097
NAV/U: BTC 0.01585471
Topic: [Havelock] Bitcoin Difficulty Derivative (BDD) - page 53. (Read 290235 times)
Was waiting to see if the difficulty was going to change before Noon today, so the dividend wasn't scheduled. Have just scheduled it now and should go out around 1PM, sorry for the delay-
Period 20, Day 10 Report - September 24, 2014
Balance Post Divs: BTC 240.63108259
Total Units: 15097
NAV/U: BTC 0.01593900
Balance Post Divs: BTC 240.63108259
Total Units: 15097
NAV/U: BTC 0.01593900
Period 20, Day 9 Report - September 23, 2014
Balance Post Divs: BTC 241.90360872
Total Units: 15097
NAV/U: BTC 0.01602329
Balance Post Divs: BTC 241.90360872
Total Units: 15097
NAV/U: BTC 0.01602329
Period 20, Day 8 Report - September 22, 2014
Balance Post Divs: BTC 243.17613485
Total Units: 15097
NAV/U: BTC 0.01610758
Balance Post Divs: BTC 243.17613485
Total Units: 15097
NAV/U: BTC 0.01610758
Period 20, Day 7 Report - September 21, 2014
Balance Post Divs: BTC 244.44866098
Total Units: 15097
NAV/U: BTC 0.01619187
Balance Post Divs: BTC 244.44866098
Total Units: 15097
NAV/U: BTC 0.01619187
Period 20, Day 6 Report - September 20, 2014
Balance Post Divs: BTC 245.61743057
Total Units: 15091
NAV/U: BTC 0.01627575
Balance Post Divs: BTC 245.61743057
Total Units: 15091
NAV/U: BTC 0.01627575
Period 20, Day 5 Report - September 19, 2014
Balance Post Divs: BTC 246.88945096
Total Units: 15091
NAV/U: BTC 0.01636004
Balance Post Divs: BTC 246.88945096
Total Units: 15091
NAV/U: BTC 0.01636004
Period 20, Day 4 Report - September 18, 2014
Balance Post Divs: BTC 248.16147135
Total Units: 15091
NAV/U: BTC 0.01644433
Balance Post Divs: BTC 248.16147135
Total Units: 15091
NAV/U: BTC 0.01644433
Period 20, Day 3 Report - September 17, 2014
Balance Post Divs: BTC 249.43349174
Total Units: 15091
NAV/U: BTC 0.01652862
Balance Post Divs: BTC 249.43349174
Total Units: 15091
NAV/U: BTC 0.01652862
Period 20, Day 2 Report - September 16, 2014
Balance Post Divs: BTC 250.73841055
Total Units: 15093
NAV/U: BTC 0.01661289
Balance Post Divs: BTC 250.73841055
Total Units: 15093
NAV/U: BTC 0.01661289
Period 20, Day 1 Report - September 15, 2014
Balance Post Divs: BTC 256.98465052
Total Units: 15398
NAV/U: BTC 0.01668948
Balance Post Divs: BTC 256.98465052
Total Units: 15398
NAV/U: BTC 0.01668948
Period 20, Day 0 Report - September 14, 2014
Balance Post Divs: BTC 258.19776231
Total Units: 15393
NAV/U: BTC 0.01677371
Balance Post Divs: BTC 258.19776231
Total Units: 15393
NAV/U: BTC 0.01677371
Period 19 End Report - September 14, 2014
Previous Units 15210
EXCH Sold 183
Less Buybacks 0
New Total Units 15393
Previous Balance 278.86025107
Price per EXCH 0.01888402
Gross Sales of EXCH 3.45577566
Less Fees 0.01382311
Less Dividends 18.30714069
Less Buybacks 0
Less Mgmt Fee 0.06710244
Net Balance 263.92796049
End of Period NAV/U 0.01714597
New Difficulty 29,829,733,124
New Daily Dividend 0.00008429
New Reserve per Unit 0.01685800
NAV/U Less New Reserve = 0.01714597 - 0.01685800 = 0.00028797
SELL Dividend 0.00028797
Days of Dividends On Hand ~203.4 (Before Sell Div)
You'll notice that I calculate the new Dividend to eight digits and multiply that times 200 Days to get the new Reserve. Those of you that did your own calculations may come up with a slightly different number if you chose not to round or to round elsewhere.
New EXCH Sales Price 0.01736374
Previous Units 15210
EXCH Sold 183
Less Buybacks 0
New Total Units 15393
Previous Balance 278.86025107
Price per EXCH 0.01888402
Gross Sales of EXCH 3.45577566
Less Fees 0.01382311
Less Dividends 18.30714069
Less Buybacks 0
Less Mgmt Fee 0.06710244
Net Balance 263.92796049
End of Period NAV/U 0.01714597
New Difficulty 29,829,733,124
New Daily Dividend 0.00008429
New Reserve per Unit 0.01685800
NAV/U Less New Reserve = 0.01714597 - 0.01685800 = 0.00028797
SELL Dividend 0.00028797
Days of Dividends On Hand ~203.4 (Before Sell Div)
You'll notice that I calculate the new Dividend to eight digits and multiply that times 200 Days to get the new Reserve. Those of you that did your own calculations may come up with a slightly different number if you chose not to round or to round elsewhere.
New EXCH Sales Price 0.01736374
Period 19, Day 12 Report - September 13, 2014
Balance Post Divs: BTC 263.92796049
Total Units: 15393
NAV/U: BTC 0.01714597
Balance Post Divs: BTC 263.92796049
Total Units: 15393
NAV/U: BTC 0.01714597
Period 19, Day 11Report - September 12, 2014
Balance Post Divs: BTC 265.11773515
Total Units: 15381
NAV/U: BTC 0.01723670
Balance Post Divs: BTC 265.11773515
Total Units: 15381
NAV/U: BTC 0.01723670
Period 19, Day 10 Report - September 11, 2014
Balance Post Divs: BTC 266.52771142
Total Units: 15381
NAV/U: BTC 0.01732837
Balance Post Divs: BTC 266.52771142
Total Units: 15381
NAV/U: BTC 0.01732837
I'm also a huge fan of BDD. It's like the futures market where you can benefit from commodity appreciation without all of the physical burdens of holding an actual commodity.
I'm also a huge fan of BDD. It's like the futures market where you can benefit from commodity appreciation without all of the physical burdens of holding an actual commodity.
The difficulty in mining has gotten so high that small miners like myself have to shut down. Even at it's current price of .010739, b.mine still is a lot cheaper than cex.io and the dividend is consistent. In hindsight I should have invested the money I put into the miners into b.exch instead.
Yes, one of the continued benefits of B.MINE is that there are no maintenance costs - MINE itself may not be profitable in the long run (no one will know until all is said and done, of course), but there are no overhead costs to sap the mining payout (like PETA, CEX, etc, which are backed by actual hardware).
Period 19, Day 9 Report - September 10, 2014
Balance Post Divs: BTC 267.80859506
Total Units: 15374
NAV/U: BTC 0.01741957
Balance Post Divs: BTC 267.80859506
Total Units: 15374
NAV/U: BTC 0.01741957
Jump to: