We've reiterated to them Oh my... Explains a few things. Not sure what the emphasis is supposed to represent, but I'm using 'We' as in the Havelock team plus myself, as the Manager. Let me know if you have any other questions and I'll be happy to answer them. |
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Round 2, Period 4, Day 11 Report - August 5, 2015
Balance Post Divs: BTC 201.46025537
Total Units: 1556
NAV/U: BTC 0.12947317
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Hi everyone, just wanted to stop by the thread. Many of you know me as the Fund Manager from BDD; I'll be doing the active managing on DIRECT as well - answering questions, scheduling dividends, reporting the Hashrate, etc. I've been managing BDD for a year and a half now, and have been in control of up to 600+ BTC at different times for BDD, so hopefully that will provide some reassurance for those that aren't familiar. Cloud mining contracts? Backed by real, physical miners? No harm in trying, I suppose...
Yes, as much as we really wanted to launch the offering jointly with the Mining Organization, quote-unquote "Cloud Hashing" has really beaten down the image of the industry, and rightly so. Due to this, they only want to be associated by name with a completed, paid contract - they don't want to be seen as being linked to 'pre-sales', as those have gotten a bad name as well. We've reiterated to them that the offering period is a maximum of two weeks, and that all funds are held in escrow during that time, but they're very cautious about their reputation. That being said, they are one of the Top 5 Mining Operations as listed on https://blockchain.info/pools if that gives you any indication of the scale that we're referencing here. 1PH doesn't comprise a significant amount of their total hashing power. EDIT: Also wanted to mention that, again, these contracts are only valid for one year - this isn't a 'perpetual' mining contract; no serious mining organization would pledge to mine for eternity. In addition, as a large player in the industry, the Mining Organization can mine profitably at much lower prices than the current BTC/USD rate. This contract's negotiation began when the BTC/USD rate was around $220 and they're comfortable mining and a much, much lower price than that. EDIT 2: Regarding 'Maintenance Fees'I had this question come in via email: Also, are there any maintenance fees taken out of the weekly payouts? Or does buying the share include all maintenance, including power, etc? There are no maintenance fees, power fees, etc - all 'overhead' for this offering is built into the one time, up front price of $0.55 per GH. |
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Normally they process them during business hours Mon-Fri, will probably go out soon, I would think-
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Round 2, Period 4, Day 10 Report - August 4, 2015
Balance Post Divs: BTC 202.95708069
Total Units: 1556
NAV/U: BTC 0.13043514
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Round 2, Period 4, Day 9 Report - August 3, 2015
Balance Post Divs: BTC 204.45390601
Total Units: 1556
NAV/U: BTC 0.13139711
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Round 2, Period 4, Day 8 Report - August 2, 2015
Balance Post Divs: BTC 205.81838812
Total Units: 1555
NAV/U: BTC 0.13235909
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Round 2, Period 4, Day 7 Report - August 1, 2015
Balance Post Divs: BTC 207.31425147
Total Units: 1555
NAV/U: BTC 0.13332106
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Round 2, Period 4, Day 6 Report - July 31, 2015
Balance Post Divs: BTC 208.81011482
Total Units: 1555
NAV/U: BTC 0.13428303
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Round 2, Period 4, Day 5 Report - July 30, 2015
Balance Post Divs: BTC 210.30597817 Total Units: 1555 NAV/U: BTC 0.13524500TwentySeven, 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.
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Round 2, Period 4, Day 4 Report - July 29, 2015
Balance Post Divs: BTC 211.66565089
Total Units: 1554
NAV/U: BTC 0.13620698
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Round 2, Period 4, Day 3 Report - July 28, 2015
Balance Post Divs: BTC 212.74909471
Total Units: 1551
NAV/U: BTC 0.13716898
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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. |
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Round 2, Period 4, Day 2 Report - July 27, 2015
Balance Post Divs: BTC 213.41242357 Total Units: 1545 NAV/U: BTC 0.13813101Have you heard anything as to what's going on with their site? Obviously you're affected like the rest of us... just wondering if you have anything besides a CloudFlare timeout screen.
Just got a message back from them; apparently they're working to mitigate a massive DDOS Attack-
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Round 2, Period 4, Day 1 Report - July 26, 2015
Balance Post Divs: BTC 214.89866722
Total Units: 1545
NAV/U: BTC 0.13909298
Havelock is still having issues, I can't release new units of EXCH ATM
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Round 2, Period 4, Day 0 Report - July 25, 2015
Balance Post Divs: BTC 216.38491087
Total Units: 1545
NAV/U: BTC 0.14005495
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Round 2, Period 3 End Report - July 25, 2015
Previous Units 1408
EXCH Sold 137
Less Buybacks 0
New Total Units 1545
Previous Balance 216.57637195
Gross Sales of EXCH 20.75621008
Less Fees 0.08001215
Less Dividends 18.77651270
Less Buybacks 0
Less Mgmt Fee 0.60490266
Net Balance 217.87115452
End of Period NAV/U 0.14101692
New Difficulty 52,278,304,846
New Daily Dividend 0.00096197
New Reserve per Unit 0.17315460
NAV/U less New Reserve = 0.14101692 - 0.17315460 = -0.03213768
SELL Dividend 0 (Because there are less than 180 days of dividends on hand)
Days of Dividends On Hand 146.5918064
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Are you still having issues with your spreadsheet for today's dividend (Sat 7/25/15)? Because it's 5:13 pm and no dividend yet.
Havelock was down at Noon, so I couldn't issue the report and schedule the dividend as planned. Had to head out and am back now. I really can't do anything if Havelock is down. |
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Round 2, Period 3, Day 12 Report - July 24, 2015
Balance Post Divs: BTC 217.87115452
Total Units: 1545
NAV/U: BTC 0.14101692
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Round 2, Period 3, Day 11 Report - July 23, 2015
Balance Post Divs: BTC 219.39237697
Total Units: 1545
NAV/U: BTC 0.14200153
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