[BTC-TC] Deprived Mining Speculation (DMS)

[eltopo]

The SELLING / PURCHASE dividend is not paid every 10 days, it's paid after every difficulty change. The last times it was mostly a 10-11 days cycle, but it could be more days if hash power increases less.

But it looks like next change will be in 6 or 7 days, take a look here: http://runeks.dk/bitcoin/diff.txt

Dividends will be paid until end of October, only trading will stop on October 7.

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[HowlingMad]

Great! Thanks for the answer and link.

[HowlingMad]

Deprived, I just read the post about a group trying to buy Burnsides' software and host it in the UK.  I live in the US which would disallow my participation with this new exchange. 

When is the latest I can sell my DMS shares, if DMS is not listed on Bitfunder or Havelock?

Would that be October 30th?
Thank you for your time.

[stripykitteh]

Runek's estimate looks to be purely based on the apparent increase in hashrate since the last difficulty change, i.e., 20.3%. Given that we are still well under half (740) of the blocks hashed for this difficulty, it is very likely (though not certain) that the actual increase will be substantially higher than 20.3%. If I had to take a WAG I'd say it'll end up being 30-33%. That'd put it at about 10 days, i.e., the 5th of October.

[Deprived]

Been out most of the day - the dividends went out on schedule however.

BTC Balance (BTC-TC)   539.3699072
9071 LTC-ATF.B1    90.71000000
CIPHERMINE Bonds    308.33000000
Coinlenders CD 27/9    203.64459670
Just-Dice Balance    153.86136722
TOTAL ASSETS    1,295.91587110
   
Outstanding MINING   178300
Outstanding SELLING   178300
Outstanding PURCHASE   14397
Effective Units   192697
   
Block reward   25
Difficulty   148,819,200
Hashes per MINING   5000000
   
Daily Dividend    0.00001690
50 days (Min Liquid)    0.00084483
100 days (Forced Close)    0.00168966
365 days (Buyback)    0.00616724
405 days (IPO)    0.00684311
400 days (Post SELLING div)    0.00675862
410 days (Pre SELLING div)    0.00692759
   
NAV Post MINING Div    1,292.65995462
NAV/U Post MINING Div    0.00670825
Days Dividend Post Div   397.02
SELLING Dividend    -         
NAV Post SELLING Div    1,292.65995462
NAV/U Post Selling Div    0.00670825

Will post the new buyback rates in about 5 minutes - the CIPHERMINE.B1 dividend payment is due to arrive in a few minutes so will wait until that's in so it's included in the buyback.

There was one transfer back whilst I was out - made before today's dividend payment - will be processing that now at the old rate (i.e. before deduction of today's MINING dividend from NAV/U).

[Deprived]

The CIPHERMINE.B1 dividend came through before I got the transfer processed.

Total dividend was :

2013-09-29 22:00:15    30833    ฿ 0.00004700    ฿ 1.449151

928 of those bonds were sent in transfer - but the dividend had already been paid.  As they transferred their shares in a lot earlier today, they should have already had the bonds and got the dividend on them.  So 0.043616 BTC is being sent in a 2nd payment to the person who transferred in for a sell back earlier.

Here's the current updated assets + details for redemptions.  NAV/U dropped less than usual because the CIPHERMINE bond paid just under half of today's MINING dividend.

BTC Balance (BTC-TC)   507.7934491
9071 LTC-ATF.B1    90.71000000
CIPHERMINE Bonds    299.05000000
Coinlenders CD 27/9    203.64459670
Just-Dice Balance    153.86136722
TOTAL ASSETS    1,255.05941306
   
Outstanding MINING   172500
Outstanding SELLING   172500
Outstanding PURCHASE   14397
Effective Units   186897

NAV/U    0.00671525
NAV/U Excluding Ciphermine    0.00511517
Ciphermine per unit    0.16000792
Units per Ciphermine    6.24969069

[stripykitteh]

There's an announcement on btct.co and Litecoin Global that CIPHERMINE intend to buy burnside's code and relaunch both exchanges in December.

[HowlingMad]

There's an announcement on btct.co and Litecoin Global that CIPHERMINE intend to buy burnside's code and relaunch both exchanges in December.

Yes, I mentioned that above in posting 1330.  Sucks for me if this happens as a US citizen.

[SendCookies]

hrmmm last week got paid dividends on mining at 9:00am PST. Did I miss some news or is this paid at different times?

[Rannasha]

hrmmm last week got paid dividends on mining at 9:00am PST. Did I miss some news or is this paid at different times?

Todays dividend hasn't been paid yet.

[Deprived]

Been out all day again - thought I'd scheduled the dividends but apparently not.

Will get spreadsheet updated, send dividends, post reports and schedule dividends for next few days now - as I'll be out quite a lot this week.

[Deprived]

BTC Balance (BTC-TC)   479.2763918
9071 LTC-ATF.B1    90.71000000
CIPHERMINE Bonds    290.13000000
Coinlenders CD 27/9    203.64459670
Just-Dice Balance    153.86136722
TOTAL ASSETS    1,217.62235567
   
Outstanding MINING   166925
Outstanding SELLING   166925
Outstanding PURCHASE   14397
Effective Units   181322
   
Block reward   25
Difficulty   148,819,200
Hashes per MINING   5000000
   
Daily Dividend    0.00001690
50 days (Min Liquid)    0.00084483
100 days (Forced Close)    0.00168966
365 days (Buyback)    0.00616724
405 days (IPO)    0.00684311
400 days (Post SELLING div)    0.00675862
410 days (Pre SELLING div)    0.00692759
   
NAV Post MINING Div    1,214.55863756
NAV/U Post MINING Div    0.00669835
Days Dividend Post Div   396.43
SELLING Dividend    -         
NAV Post SELLING Div    1,214.55863756
NAV/U Post Selling Div    0.00669835

------------

NAV/U    0.00669835
NAV/U Excluding Ciphermine    0.00509827
Ciphermine per unit    0.16000816
Units per Ciphermine    6.24968118

[stripykitteh]

KnC have demo'ed a working Jupiter:

https://www.youtube.com/watch?v=JFOcI8nK2xI&feature=youtu.be

They claim they started shipping on the 30th, with a performance of 576GH/s per unit. Should give the difficulty a nice kick-along. The 28nm era is here!

[Deprived]

I only just realised that, having locked PURCHASE for trading, noone can send me them to convert them to MINING+SELLING and cash them in.  (I'm pretty sure you used to be able to transfer when a security was locked - or maybe it's just the issuer that can do it).

If any wants to do those trades let me know - and I'll reopen trading on PURCHASE.  I'd put units up for sale at NAV/U+2% (no management fee) - not because I want to sell more but because I if I don't then some bright spark will put some up a lot higher, then some idiot will buy them at a stupid high price then I'll get whined at.  Obviously anyone trying to sell is welcome to undercut me - I'd just be keeping the price honest.

You would NOT be able to cash them in directly - as I have no way of knowing if PURCHASE sent to me are meant to be converted into MINING+SELLING or sold back (and the bot would send back MINING+SELLING automatically).  But anyone wanting to cash in would be able to exchange the PURCHASE for MINING+SELLING then send the MINING+SELLING back to me.

If I get any requests for this I'll reopen PURCHASE for trading - you can ask either in this thread or by PM.

I just turned the bot off for now - it's been running non-stop without any trades since I locked PURCHASE.  It only just occurred to me that it was very strange that NOONE had wanted to trade in - with well over 10K PURCHASE out there.

[BitThink]

Does it mean if this fund is re-listed later, now is the chance to buy PURCHASE a little bit cheaper?

[Deprived]

Does it mean if this fund is re-listed later, now is the chance to buy PURCHASE a little bit cheaper?

Only if anyone tries to sell them cheaper - the fund's own ask wall would be at a bit over NAV/U counting CIPHERMINE.B1 at full face value (not as much as usual as I wouldn't be adding my management fee on - so if anyone did buy them it would all go into the fund).

I'd advise against buying from the ask I put up (if anyone wants to trade their PURCHASE in, that is - if everyone with PURCHASE just wants to sit on them for now them I won't reopen trading) as last time I looked you could buy MINING+SELLING on the market cheaper anyway.

[BitThink]

Does it mean if this fund is re-listed later, now is the chance to buy PURCHASE a little bit cheaper?

Only if anyone tries to sell them cheaper - the fund's own ask wall would be at a bit over NAV/U counting CIPHERMINE.B1 at full face value (not as much as usual as I wouldn't be adding my management fee on - so if anyone did buy them it would all go into the fund).

I'd advise against buying from the ask I put up (if anyone wants to trade their PURCHASE in, that is - if everyone with PURCHASE just wants to sit on them for now them I won't reopen trading) as last time I looked you could buy MINING+SELLING on the market cheaper anyway.

Thanks for your advise. Maybe an email notification can be sent to the PURCHASE holders?

Bid side, yes. But at the ask side, now it's 0.005389 + 0.001336 = 0.006725, above PURCHASE price already. Panic selling is over.

[Deprived]

Here's today's report - dividends went out on schedule.

BTC Balance (BTC-TC)   452.0666564
9071 LTC-ATF.B1    90.71000000
CIPHERMINE Bonds    282.56000000
Coinlenders CD 27/9    203.64459670
Just-Dice Balance    153.86136722
TOTAL ASSETS    1,182.84262029
   
Outstanding MINING   162189
Outstanding SELLING   162189
Outstanding PURCHASE   14397
Effective Units   176586
   
Block reward   25
Difficulty   148,819,200
Hashes per MINING   5000000
   
Daily Dividend    0.00001690
50 days (Min Liquid)    0.00084483
100 days (Forced Close)    0.00168966
365 days (Buyback)    0.00616724
405 days (IPO)    0.00684311
400 days (Post SELLING div)    0.00675862
410 days (Pre SELLING div)    0.00692759
   
NAV Post MINING Div    1,179.85892429
NAV/U Post MINING Div    0.00668150
Days Dividend Post Div   395.44
SELLING Dividend    -         
NAV Post SELLING Div    1,179.85892429
NAV/U Post Selling Div    0.00668150

-----

NAV/U    0.00668149
NAV/U Excluding Ciphermine    0.00508137
Ciphermine per unit    0.16001269
Units per Ciphermine    6.24950453

[Deprived]

Does it mean if this fund is re-listed later, now is the chance to buy PURCHASE a little bit cheaper?

Only if anyone tries to sell them cheaper - the fund's own ask wall would be at a bit over NAV/U counting CIPHERMINE.B1 at full face value (not as much as usual as I wouldn't be adding my management fee on - so if anyone did buy them it would all go into the fund).

I'd advise against buying from the ask I put up (if anyone wants to trade their PURCHASE in, that is - if everyone with PURCHASE just wants to sit on them for now them I won't reopen trading) as last time I looked you could buy MINING+SELLING on the market cheaper anyway.

Thanks for your advise. Maybe an email notification can be sent to the PURCHASE holders?

Bid side, yes. But at the ask side, now it's 0.005389 + 0.001336 = 0.006725, above PURCHASE price already. Panic selling is over.

Yeah, I'll do a news post for PURCHASE now (with the option set so that all holders will receive a copy by email).

[twentyseventy]

Any news on a move to Havelock or Bitfunder post October 7?