Total dividends of 0.11987888 (management fee included) will be paid this week. This week, All underlying assets remained relatively stable, accept for Nasty Fans which has jumped to an average of .32 this week (from .29). This has caused the NAV per share to increase to BTC0.58.
Future Outlook - My guess as to what's to come. The recent difficulty increase has been caused by the lucky few who are already mining with their ASIC devices. This has continued to hurt our dividend income. It all comes down to when the ASICs arrive.
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder. |
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rMQ3FhUxmvLpSi9FJBE8Ag1yrfYvXHgejC
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Who ever did this, thanks for the laugh:  |
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Deleting posts to retain a leet post count?  Et tu TradeFortress?  |
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One thing that scares me:
The dividends are getting lower in each pay out. At the current level of dividends it represents a 7% yearly which seems very low. I know that in the future this will depend of the rentability of the underlying assets, which relys in serveral things like new mining hardware, difficulty, BTC/$ parity etc...
You are correct. Dividends have continued to decrease. Let me explain... Future Outlook - My guess as to what's to come.
Just about all companies are holding off on purchasing new equipment, except for ASIC devices. Until ASIC devices are in the hands of mining companies, dividends from them will continue to wane.
All the mining companies in the fund have ASIC devices on order. Since ASCIMINER and a few other lucky individuals already have ASIC devices in their hands, dividends from the underlying companies will continue to decrease. Once the ASIC devices are in the hand of the mining companies, our dividends will increase. Do you have any prediction about the rentability of the fund in the next 12 months or so ?
No. But we can look at it this way: Mining dividends are always based on how much of the total hashing power of the entire network the company has. There are about 144 blocks mined per day... about 3600 BTC per day (at 25 per block). That's it. Even if there were a billion TH on the network, all that would be mined in a day is still about 3600 BTC. If company X has 0.5% of the total hashing power, they make 18 BTC per day.. on average. Since ASICMINER and a few other ASIC devices have increased the overall network hashing power while the mining companies' hash rate have stayed the same, the dividends are getting smaller. Because their hashing power--compared to the entire network is getting smaller. Just as an example (not based on any calculations) now company X would have 0.15% of the total network hashing power and make only 5.4 BTC per day. Again this is just an example. I made no calculations. Once the mining companies have their ASIC devices mining, their hashing power will once again increase and "take back" some of the overall hashing power that they lost. Congnative lowered their dividend by 50%, and ~20% of the fund in made up of that 1 asset, so it is reflective.
This has decreased the overall dividend that the fund pays. But at the same time, this will allow Cognitive to purchase new hashing power in the future. Making sure that they will not continue to lose overall hashing power and the entire network grows. |
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I was looking to invest in some mining stuff and I think that doing it through this fund could be a nice option. I will give it a try.
BTW, I'm already a bitfunder user, I have some assets there and feel confident with the site. While opening an account in btctc should not be a big problem for me I would prefer using bitfunder right now. If I understood well, this have a penalty of 1% because of the bitfunder commisions. Am I right or it has any other penaltys among of that ?
Your are correct. BitFunder has a pass-through, which I also operate. https://bitfunder.com/asset/MININGCOThe pass-through shares will be sold about 1% higher than MiningCo.ETF because BitFunder charges 1% fees to the seller of a share. 100% of MiningCo.ETF dividends will be paid to the pass-through shares less Bitcoin network transaction fees. |
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Total dividends of 0.12766327 (management fee included) will be paid this week. This week, Cognitive had a noticeable dip in price as Garrett is restructuring the asset. A motion passed to retain 50% of Cognitive's dividends for future growth. This, however, reduces the dividends by 50% as well. This has caused the NAV per share to lower to BTC0.57.
Future Outlook - My guess as to what's to come. Cognitive's new growth fund is a good move. It will allow Cognitive to stay competitive and we should expect to see larger dividends in the long term. ASICs, ASICs, ASICs, ASICs! When, When, When, When?!?! Sit tight everyone, the roller coaster is approaching the peak of the first hill.
MiningCo.ETF is available on BTCT.co and as a pass-through on BitFunder. |
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Winning # is 42
Isn't that always the winning number? The winning number to life, the universe, everything? |
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Pass-through shares are now live on BitFunder.
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DeaDTerra,
Burnside, Dooglus and I apologize for hijacking your thread.
Please carry on.
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It seems to all balance out really. I have gone from .2 coin up to 8 coin last night. Cashed out 4 of them and now im really fighting to get back up over 3 coin. It is probably better if they do restrict you after winning so much. Harder to loose it all so quickly . It can be pretty stressful to wait 30 minutes for the results of a 2 coin bet though.
cheat code? or are you just good lucky FTFY |
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Something I'd like to see is the ability to amend a contract, meaning a place to put contract updates under the "stockholder agreement" section on https://btct.co/security/COGNITIVE#tab5This would allow for everyone to see the most recent way a given company operates in one place, aside from this forum or the said company's web site. Thanks for continually improving the exchange burnside I think contracts can be changed after a motion passes to do so. So, you put a motion... something like: Motion to change asset contract as follows: *New contract here* And if voted in, Burnside can change it. |
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Total dividends of 0.15498476 (management fee included) will be paid this week.
There was basically no price movement this week in the underlying assets. Dividends have continued to wane as the companies are investing in ASIC units that will arrive "soon."
Future Outlook - My guess as to what's to come.
With ASICMINER running tests and a few other ASIC devices popping up, everyone is waiting for the ASIC explosion to occur.
Fun fact: I wrote the word "ASIC" (including this one) 4 times in this post. (I don't count ASICMINER as that is the name of an asset.)
As mentioined earlier, I will start selling pass-through shares on BitFunder after the dividend is paid.
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Yes that link works but the link on the website didn't work  I have the latest Chrome. //DeaDTerra DeaDTerra is right. There is a bug in Chrome that parses the link incorrectly. Take a look at how Chrome is trying to open the link when I hover over (look at the bottom). Chrome adds %3 to the link for some reason. Firefox is fine.  Maybe it's because there is a colon in the link? |
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Carnth will be happy to hear that in the Account Settings you can now configure (turn on/off) receipt of some of the emails, including trade notifications, asset notifications, dividend notifications, and withdrawal notifications.
Yay! Anyone who runs multiple assets will agree: you get a lot of emails. I didn't make an option to turn off the asset holder lists that come every 12 hours. I'm not sure I should. Would be better for those if you just put a filter in your client that puts them in a long-term storage folder.  I do keep all my asset holder list emails. This is still the best part of your exchanges. But when I get a dividend on my Asset accounts and my personal accounts, then number of emails add up quickly. All in all, its not a huge problem. Just a convenience. Anyway, thanks again! |
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Double click an address and right click for your copy or hit Ctrl+C. Old timer.
gotta be fast, the highlight only stays until the next blink  that's the problem. Double click with the right hand Ctrl+C with the left. I did it 10 times in a row with different addresses and didn't miss one... I dunno. Or copy the whole damn page into a spreadsheet and grab the address you need. You mean, like this? |
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Carnth will be happy to hear that in the Account Settings you can now configure (turn on/off) receipt of some of the emails, including trade notifications, asset notifications, dividend notifications, and withdrawal notifications.
Yay! Anyone who runs multiple assets will agree: you get a lot of emails. |
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Why is the text on http://satoshidice.com/ blinking? It makes it impossible to cut and paste the addresses without selecting more text then you want to. I also find that annoying as well. It blinks when ever that particular address receives a bet. This means that at least one bet is blinking. To help with this, I setup a Google Doc spread sheet with all the bet address in all their non-blinking glory. https://docs.google.com/spreadsheet/ccc?key=0AqLxDN0JzEUNdDhDREVOVVFPWVZhT1FmNHVqa1NtMkEThe bet addresses haven't changed since their inception, but I provide these addresses with no warranty. i.e. Make sure to double check addresses yourself before sending coins. |
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This is only a small issue at the moment. I just made a small BTC withdrawal: https://blockchain.info/tx/d1d92f8f20844a37b83d6fe2112b95f0b7e6b224addfc971328f526dab3912bd11 inputs under 0.001 BTC. This caused the Bitcoin TX fees to be 3 times higher than I expected. What in the world are all these dust transactions? Bitvisitor? Dailybitcoins? Come on people, if you want a free online wallet to collect your "Free Bitcoins" then please use an actual online wallet and not an exchange. Burnside, is there a way that your wallet can sweep all these dust inputs together so they don't cause high TX withdraw fees? Maybe once every so often, have your wallets pay themselves with no fee. Pay with 3 dust inputs and another input that's at least 1.0 BTC or higher. It make take a long time to confirm, but the dust will be consolidated. |
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I am setting up a pass-through on Bit Funder. Here is what the pass-through asset summary looks like: *** Pass-through to MININGCO.ETF on btct.co
Each share of this pass-through = 1 share of MININGCO.ETF on the Bitcoin Trading Corp ( https://btct.co/security/MININGCO.ETF )
Forum for this pass-through and MININGCO.ETF: https://bitcointalk.org/index.php?topic=134389.0
Assets held by MININGCO.ETF: https://docs.google.com/spreadsheet/ccc?key=0AqLxDN0JzEUNdHdhandXeDQwTU13N2ZmbWxMMHNzeGc
FEES:
A pass-through share is priced at about 1% higher than the MININGCO.ETF share it represents. This fee covers the exchange fees associated with operating this pass-through. There are no other fees for the pass-through. 100% of dividends paid from the MININGCO.ETF less Bitcoin network transaction fees, will be paid to the pass-through.
The MININGCO.ETF fund has other fees. See the MININGCO.ETF asset details on Bitcoin Trading Corp for details.
Proof of shares owned:
After pass-through shares are sold, and equal number of MININGCO.ETF shares will be deposited. MININGCO.ETF shares for this pass-through are held in this account: https://btct.co/portfolio/frc9CQ==*** Does this look good? Do I need to add or remove anything? Please let me know. The pass-through shares will go up for sale "soon." |
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