Period 9 End Report - May 12, 2014
Previous Units 7589
EXCH Sold 1241
Less Buybacks 150
New Total Units 8680
Previous Balance 477.01421336
Price per EXCH 0.06474168
Gross Sales of EXCH 80.34442488
Less Fees 0.32137787
Less Dividends 31.71273768
Less Buybacks 9.19363200
Less Mgmt Fee 1.78136863
Net Balance 514.34952206
End of Period 9 NAV/U 0.05925685
New Difficulty 8,853,416,309
New Daily Dividend 0.00028401
New Reserve per Unit 0.05680200
NAV/U Less New Reserve = 0.05925685 - 0.05680200 = 0.00245485
SELL Dividend 0.00245485
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 0.05850606
Topic: [Havelock] Bitcoin Difficulty Derivative (BDD) - page 70. (Read 290235 times)
Period 9, Day 11 Report - May 11, 2014
Balance Post Divs: BTC 514.34952206
Total Units: 8680
NAV/U: BTC 0.05925685
Looks like the difficulty will change mid-morning tomorrow, so the SELL div should be paid tomorrow at Noon. If the Difficulty changes between 11AM and Noon, the div will be issued at 1PM.
Balance Post Divs: BTC 514.34952206
Total Units: 8680
NAV/U: BTC 0.05925685
Looks like the difficulty will change mid-morning tomorrow, so the SELL div should be paid tomorrow at Noon. If the Difficulty changes between 11AM and Noon, the div will be issued at 1PM.
Period 9, Day 10 Report - May 10, 2014
Balance Post Divs: BTC 516.25785779
Total Units: 8667
NAV/U: BTC 0.05956592
Balance Post Divs: BTC 516.25785779
Total Units: 8667
NAV/U: BTC 0.05956592
Period 9, Day 9 Report - May 9, 2014
Balance Post Divs: BTC 518.03601330
Total Units: 8652
NAV/U: BTC 0.05987471
Balance Post Divs: BTC 518.03601330
Total Units: 8652
NAV/U: BTC 0.05987471
Period 9, Day 8 Report - May 8, 2014
Balance Post Divs: BTC 519.49421820
Total Units: 8632
NAV/U: BTC 0.06018237
Balance Post Divs: BTC 519.49421820
Total Units: 8632
NAV/U: BTC 0.06018237
Period 9, Day 7 Report - May 7, 2014
Balance Post Divs: BTC 520.37871195
Total Units: 8603
NAV/U: BTC 0.06048805
Div paid, EXCH back up, order restored to the universe
Balance Post Divs: BTC 520.37871195
Total Units: 8603
NAV/U: BTC 0.06048805
Div paid, EXCH back up, order restored to the universe
Havelock advised that their site is running slowly today due to the SCRYPT offering; Dividends will be issued soon. Will allow new shares of EXCH at that time.
Period 9, Day 6 Report - May 6, 2014
Balance Post Divs: BTC 517.84953829
Total Units: 8520
NAV/U: BTC 0.06078046
Balance Post Divs: BTC 517.84953829
Total Units: 8520
NAV/U: BTC 0.06078046
Period 9, Day 5 Report - May 5, 2014
Balance Post Divs: BTC 515.98779951
Total Units: 8443
NAV/U: BTC 0.06107810
EDIT: Just wanted to remind people of the following fact; the DI is tracking to increase about 9% at the moment, but has been falling steadily over the last few days. Looking at putting together a FAQ post in one of the early post of mine in the thread:
Balance Post Divs: BTC 515.98779951
Total Units: 8443
NAV/U: BTC 0.06107810
EDIT: Just wanted to remind people of the following fact; the DI is tracking to increase about 9% at the moment, but has been falling steadily over the last few days. Looking at putting together a FAQ post in one of the early post of mine in the thread:
I think this is a good time to remind everyone (or make aware to those that haven't done the math) that the Difficulty needs to increase around 6.5% in order for there to be a SELL dividend issued. I say 'around' since it will be somewhat less if there are significant sales of EXCH, which increase the NAV/U.
This is because the Period is started with 200 Days of Dividends and .5% is paid out each day in dividends to MINE (1 Day / 200 Days = .5%). So, at the end of a 10-Day Period, there are only 190 days of dividends remaining at that ending Period's Difficulty.
If there is a Difficulty increase of greater than about 6.5%, then the necessary Reserve of 200 day of dividends has decreased enough to make this a non-issue. If the Difficulty has increased at less than that approximate rate (or stayed the same, or decreased), then the required Reserve is higher than the actual Reserve and there will be no SELL dividend.
TL;DR It's possible that there could be a Difficulty Increase, but no dividends will be issued to SELL for that Period due to the paid Dividends outstripping the decrease brought on by the small Difficulty Increase. But you really should be reading the whole explanation.
This is because the Period is started with 200 Days of Dividends and .5% is paid out each day in dividends to MINE (1 Day / 200 Days = .5%). So, at the end of a 10-Day Period, there are only 190 days of dividends remaining at that ending Period's Difficulty.
If there is a Difficulty increase of greater than about 6.5%, then the necessary Reserve of 200 day of dividends has decreased enough to make this a non-issue. If the Difficulty has increased at less than that approximate rate (or stayed the same, or decreased), then the required Reserve is higher than the actual Reserve and there will be no SELL dividend.
TL;DR It's possible that there could be a Difficulty Increase, but no dividends will be issued to SELL for that Period due to the paid Dividends outstripping the decrease brought on by the small Difficulty Increase. But you really should be reading the whole explanation.
Period 9, Day 4 Report - May 4, 2014
Balance Post Divs: BTC 516.24704019
Total Units: 8410
NAV/U: BTC 0.06138490
Balance Post Divs: BTC 516.24704019
Total Units: 8410
NAV/U: BTC 0.06138490
Period 9, Day 3 Report - May 3, 2014
Balance Post Divs: BTC 517.69223662
Total Units: 8391
NAV/U: BTC 0.06169613
Balance Post Divs: BTC 517.69223662
Total Units: 8391
NAV/U: BTC 0.06169613
Period 9, Day 2 Report - May 2, 2014
Balance Post Divs: BTC 513.52025348
Total Units: 8283
NAV/U: BTC 0.06199689
Balance Post Divs: BTC 513.52025348
Total Units: 8283
NAV/U: BTC 0.06199689
Period 9, Day 1 Report - May 1, 2014
Balance Post Divs: BTC 500.23551947
Total Units: 8031
NAV/U: BTC 0.06228807
Balance Post Divs: BTC 500.23551947
Total Units: 8031
NAV/U: BTC 0.06228807
Period 9, Day 0 Report - April 30, 2014
Balance Post Divs: BTC 474.62914244
Total Units: 7589
NAV/U: BTC 0.06254172
Balance Post Divs: BTC 474.62914244
Total Units: 7589
NAV/U: BTC 0.06254172
Period 8 End Report - April 30, 2014
Previous Units 8421
EXCH Sold 1068
Less Buybacks 1900
New Total Units 7589
Previous Balance 606.81733699
Price per EXCH 0.07422180
Gross Sales of EXCH 79.26888240
Less Fees 0.31707563
Less Dividends 32.64426090
Less Buybacks 132.20406500
Less Mgmt Fee 1.53289177
Net Balance 519.38792609
End of Period 8 NAV/U 0.06843957
New Difficulty 8,000,872,136
New Daily Dividend 0.00031428
New Reserve per Unit 0.06285600
NAV/U Less New Reserve = 0.06843957 - 0.06285600 = 0.00558357
SELL Dividend 0.00558357
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 0.06474168
Previous Units 8421
EXCH Sold 1068
Less Buybacks 1900
New Total Units 7589
Previous Balance 606.81733699
Price per EXCH 0.07422180
Gross Sales of EXCH 79.26888240
Less Fees 0.31707563
Less Dividends 32.64426090
Less Buybacks 132.20406500
Less Mgmt Fee 1.53289177
Net Balance 519.38792609
End of Period 8 NAV/U 0.06843957
New Difficulty 8,000,872,136
New Daily Dividend 0.00031428
New Reserve per Unit 0.06285600
NAV/U Less New Reserve = 0.06843957 - 0.06285600 = 0.00558357
SELL Dividend 0.00558357
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 0.06474168
Period 8, Day 11 Report - April 29, 2014
Balance Post Divs: BTC 516.63332575
Total Units: 7551
NAV/U: BTC 0.06841919
SELL Dividend will be issued tomorrow!
Balance Post Divs: BTC 516.63332575
Total Units: 7551
NAV/U: BTC 0.06841919
SELL Dividend will be issued tomorrow!
Period 8, Day 10 Report - April 28, 2014
Balance Post Divs: BTC 516.67184019
Total Units: 7514
NAV/U: BTC 0.06876122
Balance Post Divs: BTC 516.67184019
Total Units: 7514
NAV/U: BTC 0.06876122
Forgot to schedule the dividend today, so it should go out around 1PM. Report will be issued afterwards; EXCH ask has been taken down until that time so that no newly issued shares receive a dividend.
Period 8, Day 9 Report - April 27, 2014
Balance Post Divs: BTC 518.07432370
Total Units: 7496
NAV/U: BTC 0.06911343
Looks like the Difficulty will change past Noon on Tuesday, so the SELL dividend will be issued on Wednesday (assuming the increase continues).
Is there any other information you guys would like in the daily reports?
Balance Post Divs: BTC 518.07432370
Total Units: 7496
NAV/U: BTC 0.06911343
Looks like the Difficulty will change past Noon on Tuesday, so the SELL dividend will be issued on Wednesday (assuming the increase continues).
Is there any other information you guys would like in the daily reports?
Period 8, Day 8 Report - April 26, 2014
Balance Post Divs: BTC 502.43529338
Total Units: 7243
NAV/U: BTC 0.06936839
Balance Post Divs: BTC 502.43529338
Total Units: 7243
NAV/U: BTC 0.06936839
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