Topic: [Havelock] Bitcoin Difficulty Derivative (BDD) - page 54. (Read 290305 times)

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.

Period 19, Day 8 Report - September 9, 2014

Balance Post Divs: BTC 269.18104603

Total Units: 15372

NAV/U: BTC 0.01751112

Period 19, Day 7 Report - September 8, 2014

Balance Post Divs: BTC 270.59019727

Total Units: 15372

NAV/U: BTC 0.01760279

Period 19, Day 6 Report - September 7, 2014

Balance Post Divs: BTC 271.99934851

Total Units: 15372

NAV/U: BTC 0.01769446


Well, be sure to understand it before you purchase - let us know if you have any questions.

I'm interested 

Period 19, Day 5 Report - September 6, 2014

Balance Post Divs: BTC 273.39005795

Total Units: 15371

NAV/U: BTC 0.01778609

Period 19, Day 4 Report - September 5, 2014

Balance Post Divs: BTC 274.79911752

Total Units: 15371

NAV/U: BTC 0.01787776

Period 19, Day 3 Report - September 4, 2014

Balance Post Divs: BTC 276.18973529

Total Units: 15370

NAV/U: BTC 0.01796940

Unfortunately, there's really not. I'd rather be up front about it than skirt around the subject.

The main difference is that I don't hold the funds myself; they remain on Havelock's systems in my manager account. Deprived's DMS funds (the liquid funds) are just sitting there in the DMS BTC address; he owns the private keys and can sit on them forever (though I hope he doesn't).

I really can't do that - straight withdrawals from my manager account require approval directly from Havelock, so that kills that possibility. Theoretically I could perform a buy-back to my personal account (or a dummy account) for all of the funds and then perform a withdrawal from there.

With the amount of funds in BDD (currently ~297 BTC), however, I'd (likely) exhaust the hot wallet first, but the withdrawal vector still exists.

So, while you only had one person to trust with DMS (Deprived), you have to trust both me and Havelock for BDD - some may see this as a lower risk and others might possibly see it as a higher one.

I'd like to give a more confidence inspiring answer, but that's the truth. For what it's worth, I'd much rather earn BTC legitimately and build up a good reputation in the online (and someday IRL) community than make off with the BTC. However, as they say, actions speak louder than words.

I'm interested in these funds, however, I got burned pretty bad by Deprived.

Is there any mechanism in place to protect investors from a similar eventuality here, other than the reputation of twentyseventy?

Period 19, Day 2 Report - September 3, 2014

Balance Post Divs: BTC 277.59870319

Total Units: 15370

NAV/U: BTC 0.01806107

Period 19, Day 1 Report - September 2, 2014

Balance Post Divs: BTC 279.00767109

Total Units: 15370

NAV/U: BTC 0.01815274

Period 19, Day 0 Report - September 1, 2014

Balance Post Divs: BTC 277.46595037

Total Units: 15210

NAV/U: BTC 0.01824233

Happy Labor Day to everyone in the US!

Period 18 End Report - September 1, 2014


Previous Units              14329
EXCH Sold                   885
Less Buybacks              4
New Total Units            15210

Previous Balance          302.19874817
Price per EXCH             0.02172270
Gross Sales of EXCH      19.22971782

Less Fees                    0.07689794
Less Dividends              18.94356525
Less Buybacks              0.08105228
Less Mgmt Fee              0.43358805
Net Balance                  301.89336247

End of Period NAV/U     0.01984834

New Difficulty                  27,428,630,902
New Daily Dividend         0.00009167
New Reserve per Unit        0.01833400

NAV/U Less New Reserve = 0.01984834 - 0.01833400 = 0.00151434

SELL Dividend                 0.00151434

Days of Dividends On Hand    ~216.5 (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          0.01888402

Period 18, Day 11 Report - August 31, 2014

Balance Post Divs: BTC 301.89336247

Total Units: 15210

NAV/U: BTC 0.01984834

Period 18, Day 10 Report - August 30, 2014

Balance Post Divs: BTC 301.46725258

Total Units: 15114

NAV/U: BTC 0.01994622

Period 18, Day 9 Report - August 29, 2014

Balance Post Divs: BTC 301.60195822

Total Units: 15045

NAV/U: BTC 0.02004665

Looking like diff will change Sunday night / Monday morning, so it's looking like SELL dividend will be issued Monday if the current increase trend keeps up.

Period 18, Day 8 Report - August 28, 2014

Balance Post Divs: BTC 303.18845347

Total Units: 15045

NAV/U: BTC 0.02015210

Period 18, Day 7 Report - August 27, 2014

Balance Post Divs: BTC 304.77494872

Total Units: 15045

NAV/U: BTC 0.02025755

Period 18, Day 6 Report - August 26, 2014

Balance Post Divs: BTC 306.34029809

Total Units: 15044

NAV/U: BTC 0.02036295