So, I had a dream last night that I was invited to Cloudhashing's office for a tour. But in the dream, Mark Karpeles owned the company, because the office/data center was his house. I got to meet Mark himself, and he was thin and handsome. It was a big house, with people playing on computers in every room. There was very little mining equipment, though - just like 4 BFL's sitting on a table.
I feel like the most out-there part of this dream is that MK was thin and handsome. It must be a parallel universe where he's allergic to frappuccinos. |
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Period 22, Day 5 Report - October 15, 2014
Balance Post Divs: BTC 211.47258461
Total Units: 16164
NAV/U: BTC 0.01308293
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Just for clarification, this is the same 'team' behind quintoBTC, right?
The email address on Cryptostocks shows so.
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Period 22, Day 4 Report - October 14, 2014
Balance Post Divs: BTC 212.10385742
Total Units: 16125
NAV/U: BTC 0.01315372
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If you love risk - now is actually a decent time to take a long position as the increase in swap rates will encourage people to close their position and drive the price up. Note: I'm not doing this myself nor do I actually recommend it - though if you have 300-1000 BTC, you could try to take over the market manipulation.
This was my thought; taking a long position and waiting out the shorters. However, BFX can drop new contracts on the market any time they like, which presents too much risk for this to go either way. |
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Period 22, Day 3 Report - October 13, 2014
Balance Post Divs: BTC 212.90892463
Total Units: 16099
NAV/U: BTC 0.01322497
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Is the total number of contracts in the market 500 original + the 100 later added = 600? If so, that means that about half of the outstanding contracts (~295) are being shorted right now per http://bfxdata.com/combined/th1.phpLooks dangerous to me EDIT: See now that the total is 500 |
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Period 22, Day 2 Report - October 12, 2014
Balance Post Divs: BTC 213.44043846
Total Units: 16053
NAV/U: BTC 0.01329598
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Period 22, Day 1 Report - October 11, 2014
Balance Post Divs: BTC 211.12953151
Total Units: 15798
NAV/U: BTC 0.01336432
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Period 22, Day 0 Report - October 10, 2014
Balance Post Divs: BTC 207.86299190
Total Units: 15474
NAV/U: BTC 0.01343304
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Period 21 End Report - October 10, 2014
Previous Units 15097
EXCH Sold 483
Less Buybacks 106
New Total Units 15474
Previous Balance 219.02731081
Price per EXCH 0.01494324
Gross Sales of EXCH 7.21758492
Less Fees 0.02887033
Less Dividends 15.65101278
Less Buybacks 1.45037602
Less Mgmt Fee 0.14014728
Net Balance 208.97448932
End of Period NAV/U 0.01350487
New Difficulty 35,002,482,026
New Daily Dividend 0.00007183
New Reserve per Unit 0.01436600
NAV/U Less New Reserve = 0.01350487 - 0.01436600= -0.00086113
SELL Dividend None (Because NAV/U is less than 200 Days of Dividends)
Days of Dividends On Hand ~188 (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 0.01391002
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I am now unable to issue bids on our company. This places me in violation of our contract: To support the share price and allow investors to get out at a fair price if they want to sell.
I'm sorry, there's nothing I can do.
If Coinsortium does not fix this soon, I am not sure what we are going to do because coinsortium didn't give us a list of our shareholders.
As I explained in your help us with our IPO thread, the entire crypto "securities" economy is nothing but scams, frauds, or failures, including the exchanges. You might try another exchange, but sooner or later will get burned by it as well, guaranteed. If you want to raise funds for a legitimate business venture, stay far away from bitcoin. That's just the sad truth of it. I'm not sure you have the experience to make that sort of judgement. He's been here for quite a bit longer than you have; it seems that he probably has a better lock on this industry than you do, having been here for over a year to your two months. That being said, I think it's a little hyperbolic, but the majority of projects here are bad investments or outright scams. |
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Period 21, Day 13 Report - October 9, 2014
Balance Post Divs: BTC 208.85774286
Total Units: 15466
NAV/U: BTC 0.01350431
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Looks like Difficulty will change after 12PM today; the div has been scheduled and report will be issued tomorrow-
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Period 21, Day 12 Report - October 8, 2014
Balance Post Divs: BTC 209.96505319
Total Units: 15465
NAV/U: BTC 0.01357678
NOTE:
It looks like the difficulty will change around 24 hours from now. If it's very close to 12PM, I will take the time from Blockchain.info's time on the new block's difficulty. When the first new difficulty block is issued (according to that block on Blockchain.info) is when the change will be determined to have taken place.
If it changes after 12PM ET tomorrow, tomorrow's div will be paid as usual and the report will be issued on Friday.
If it changes before 12PM ET tomorrow, EXCH will be taken down at 11AM and I may have to put the report up (along with the new EXCH) at a later time than normal. I have a meeting right around that time, so there is a possibility that the report and MINE div will be issued a few hours later than normal.
Will provide updates here as necessary
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Period 21, Day 11 Report - October 7, 2014
Balance Post Divs: BTC 210.34262563
Total Units: 15414
NAV/U: BTC 0.01364620
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Well, that didn't take long - take note everyone; treat new exchanges with caution-
You don't need any caution on Coinsortium, you need caution here or so it seems Clearly that's not the case- Coinsortium, which you're promoting, has disabled withdrawals apparently. Your comment is either nonsense or a poorly worded threat; either way, people need to stay away. |
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Well, that didn't take long - take note everyone; treat new exchanges with caution-
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Period 21, Day 10 Report - October 6, 2014
Balance Post Divs: BTC 211.46075719
Total Units: 15414
NAV/U: BTC 0.01371874
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According to CryptX announcement on havelock effective immediately he is lowering hosting/management fee's to 0.10/kw/h!
*Lube has officially been broken out fellas.
I think Cryptx will magically continue to lower their fees to whatever minimum will placate some of the shareholders so that they don't realize they're being fleeced. If the (true) fixed costs exceed the revenue, you sell the equipment; that's just how it works. |
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