[BTC-TC] Deprived Mining Speculation (DMS)

[Deprived]

Sorry - paying 10 minutes late today.

BTC Balance (BTC-TC)   144.4543331
9071 LTC-ATF.B1    90.71000000
CIPHERMINE Bonds    260.56000000
Coinlenders CD 27/9    203.64459670
Just-Dice Balance    153.86136722
TOTAL ASSETS    853.23029702
   
Outstanding MINING   152575
Outstanding SELLING   152575
Outstanding PURCHASE   10479
Effective Units   163054
   
Block reward   25
Difficulty   189,281,249
Hashes per MINING   5000000
   
Daily Dividend    0.00001328
50 days (Min Liquid)    0.00066423
100 days (Forced Close)    0.00132846
365 days (Buyback)    0.00484889
405 days (IPO)    0.00538028
400 days (Post SELLING div)    0.00531385
410 days (Pre SELLING div)    0.00544670
   
NAV Post MINING Div    851.06418391
NAV/U Post MINING Div    0.00521952
Days Dividend Post Div   392.90
SELLING Dividend    -         
NAV Post SELLING Div    851.06418391
NAV/U Post Selling Div    0.00521952

[NineLives]

Hi guys,

Sorry to be a pain but would someone be so kind and give me a brief update on what we are doing? Moving to another security site?  If so which and how do I inform someone of my shares?

Thanks allot.

[BitThink]

Hi guys,

Sorry to be a pain but would someone be so kind and give me a brief update on what we are doing? Moving to another security site?  If so which and how do I inform someone of my shares?

Thanks allot.

As long as you've filled the public BTC address on btct, you don't need to do anything except sending back the BTC on btct before its closing. Moreover, there's an update in just the previous page. If you click it instead of entering so much characters, you would see Deprived said most likely DMS will be relisted in a new exchange.

[Deprived]

Paying today's dividend slightly early (which has no impact as there's no trading occurring).

Will then work out what tomorrow's dividends will be and have to move some BTC back onto BTC-TC to cover it.

Asset list will change from tomorrow - the items listed as LTC-ATF.B1, Coinlenders and Just-Dice will be consolidated into "BTC Balance (Wallet)" - which is where those coins have been for a while (address was given earlier).  I left it as it was for a while so people could verify that the wallet balance matched the old entries - but as I'm now going to have to move some of that to BTC-TC for dividends (at least I'm pretty sure I will - won't know for certain until I plug the numers in) the balance will no longer be the total of those three entries.

BTC Balance (BTC-TC)   142.288976
9071 LTC-ATF.B1    90.71000000
CIPHERMINE Bonds    260.56000000
Coinlenders CD 27/9    203.64459670
Just-Dice Balance    153.86136722
TOTAL ASSETS    851.06493990
   
Outstanding MINING   152575
Outstanding SELLING   152575
Outstanding PURCHASE   10479
Effective Units   163054
   
Block reward   25
Difficulty   189,281,249
Hashes per MINING   5000000
   
Daily Dividend    0.00001328
50 days (Min Liquid)    0.00066423
100 days (Forced Close)    0.00132846
365 days (Buyback)    0.00484889
405 days (IPO)    0.00538028
400 days (Post SELLING div)    0.00531385
410 days (Pre SELLING div)    0.00544670
   
NAV Post MINING Div    848.89882679
NAV/U Post MINING Div    0.00520624
Days Dividend Post Div   391.90
SELLING Dividend    -         
NAV Post SELLING Div    848.89882679
NAV/U Post Selling Div    0.00520624

[Deprived]

NOT ACTUAL REPORT - PROJECTION OF TOMORROW'S

BTC Balance (BTC-TC)   140.1236189
9071 LTC-ATF.B1    90.71000000
CIPHERMINE Bonds    260.56000000
Coinlenders CD 27/9    203.64459670
Just-Dice Balance    153.86136722
TOTAL ASSETS    848.89958278
   
Outstanding MINING   152575
Outstanding SELLING   152575
Outstanding PURCHASE   10479
Effective Units   163054
   
Block reward   25
Difficulty   267,731,250
Hashes per MINING   5000000
   
Daily Dividend    0.00000939
50 days (Min Liquid)    0.00046960
100 days (Forced Close)    0.00093920
365 days (Buyback)    0.00342808
405 days (IPO)    0.00380376
400 days (Post SELLING div)    0.00375680
410 days (Pre SELLING div)    0.00385072
   
NAV Post MINING Div    847.36817919
NAV/U Post MINING Div    0.00519686
Days Dividend Post Div   553.33
SELLING Dividend    0.00144006
NAV Post SELLING Div    612.56143452
NAV/U Post Selling Div    0.00375680

That's what tomorrow's report would look like before I moved funds around.  I'll need to move just under 100 BTC on to cover tomorrow's dividends + some more to cover MINING dividends up until next difficulty change.  So I'll transfer 120 BTC from the wallet to BTC-TC (and post the transaction ID here).

NAV etc tomorrow will be almost exactly the same as above - only difference being the loss of a transaction fee for the transfer (I'm not going to bother trying to avoid the default .0001 transaction fee.)

[Deprived]

  8fb01b421a5af31022c3320d96e5c05ba126f4e6fcd51a148038441603482c34: Seen by 4 peers. Pending/unconfirmed.
     from 1CzJY7pVkCqDjUtycHzFgeTTbbWokqYuXo / 040ff50735e1c8946f5d038b45b277c69fd68f63989897dd909b34dba718b433:1
       to 16ywYMGVQMepEgUCnQMjM6N4hEGYgXE88Z 120 BTC
       to 1CzJY7pVkCqDjUtycHzFgeTTbbWokqYuXo 33.86126722 BTC

There's the transfer done.  The wallet balance can, as before, still be verified at any time - all assets of DMS are still entirely visible to the public for verification (or will be, once the transfer confirms at the BTC-TC wallet).

[BitThink]

Thanks a lot for your update, Deprived.

The hash rate increase is crazy. The selling dividend this time is even larger than the last one. 

There's one thing. The selling dividend paid next time may be very close to the BTCT closing. How about someone forget to transfer the dividend out? Will BTCT force sending remaining BTC to the withdraw address?

[Rannasha]

Thanks a lot for your update, Deprived.

The hash rate increase is crazy. The selling dividend this time is even larger than the last one. 

There's one thing. The selling dividend paid next time may be very close to the BTCT closing. How about someone forget to transfer the dividend out? Will BTCT force sending remaining BTC to the withdraw address?

I assume that BTCT will push all remaining balances to the public BTC address associated with the accounts. And since that's the address that Deprived has on file for shareholders, it doesn't make a big difference if he pays dividends on BTCT just before the shutdown or if he does it to the BTC addresses (other than that a BTCT dividend is orders of magnitude less work).

[Ashitank]

I assume that BTCT will push all remaining balances to the public BTC address associated with the accounts. And since that's the address that Deprived has on file for shareholders, it doesn't make a big difference if he pays dividends on BTCT just before the shutdown or if he does it to the BTC addresses (other than that a BTCT dividend is orders of magnitude less work).

You forgot transfer fees for sending dividends. 

[Deprived]

Have scheduled all today's dividends now.  Here's the report :

BTC Balance (BTC-TC)   260.1236189
CIPHERMINE Bonds    260.56000000
BTC Balance (Wallet)    328.21586392
TOTAL ASSETS    848.89948278
   
Outstanding MINING   152575
Outstanding SELLING   152575
Outstanding PURCHASE   10479
Effective Units   163054
   
Block reward   25
Difficulty   267,731,250
Hashes per MINING   5000000
   
Daily Dividend    0.00000939
50 days (Min Liquid)    0.00046960
100 days (Forced Close)    0.00093920
365 days (Buyback)    0.00342808
405 days (IPO)    0.00380376
400 days (Post SELLING div)    0.00375680
410 days (Pre SELLING div)    0.00385072
   
NAV Post MINING Div    847.36807919
NAV/U Post MINING Div    0.00519686
Days Dividend Post Div   553.33
SELLING Dividend    0.00144005
NAV Post SELLING Div    612.56143452
NAV/U Post Selling Div    0.00375680

The transaction fee on moving BTC from wallet to BTC-TC managed to knock 1 satoshi off the SELLING dividend (it actually is less than that - but gets rounded to a 1 satoshi reduction).

I'm about to go out but should be back shortly before the dividends get paid - so if anyone notices any mistake in the math it's not too late to correct it (very much doubt there's any error though).

[stripykitteh]

Given that the DMS assets haven't been traded since early in the last difficulty, and we have just seen a SELLING dividend paid, it is interesting to speculate where the market would price them at the moment.

As I'm waiting to see a relisting of DMS before I consider other investments, I'm sitting on more BTC than I'm used to seeing in my wallet at the moment.

[odolvlobo]

Given that the DMS assets haven't been traded since early in the last difficulty, and we have just seen a SELLING dividend paid, it is interesting to speculate where the market would price them at the moment.

cex.io trades at 0.14 per GH/s, which would be equivalent of a MINING price of 0.0007 BTC. That would make SELLING worth 0.00305680 BTC.

Personally, I think that a price of 0.14 BTC per GH/s is too high, especially after the latest 40% difficulty rise. My high end of the range is only 0.13.

[stripykitteh]

Given that the DMS assets haven't been traded since early in the last difficulty, and we have just seen a SELLING dividend paid, it is interesting to speculate where the market would price them at the moment.

cex.io trades at 0.14 per GH/s, which would be equivalent of a MINING price of 0.0007 BTC. That would make SELLING worth 0.00305680 BTC.

Personally, I think that a price of 0.14 BTC per GH/s is too high, especially after the latest 40% difficulty rise. My high end of the range is only 0.13.

Does cex.io allow shorting?

[BitThink]

Given that the DMS assets haven't been traded since early in the last difficulty, and we have just seen a SELLING dividend paid, it is interesting to speculate where the market would price them at the moment.

cex.io trades at 0.14 per GH/s, which would be equivalent of a MINING price of 0.0007 BTC. That would make SELLING worth 0.00305680 BTC.

Personally, I think that a price of 0.14 BTC per GH/s is too high, especially after the latest 40% difficulty rise. My high end of the range is only 0.13.

Does the hash rate in cex.io exclude the electricity and downtime as DMS.MINING does? My impression is that they are providing cloud mining, not a virtual mining, but I could be wrong. Moreover, cex.io does not have 365 days dividend privilege at closing. Therefore, I guess DMS.MINING should be priced a little bit more than cex.io price.

[Rannasha]

Given that the DMS assets haven't been traded since early in the last difficulty, and we have just seen a SELLING dividend paid, it is interesting to speculate where the market would price them at the moment.

cex.io trades at 0.14 per GH/s, which would be equivalent of a MINING price of 0.0007 BTC. That would make SELLING worth 0.00305680 BTC.

Personally, I think that a price of 0.14 BTC per GH/s is too high, especially after the latest 40% difficulty rise. My high end of the range is only 0.13.

Does cex.io allow shorting?

Nope, CEX.io "GHS" units are just another PMB, like TAT.VIRTUALMINE, BFMINES, etc... The only party able to short them is the issuer. I don't see why they're suddenly the subject of so much interest as the concept of trading mining contracts isn't new in any way. Perhaps it's psychological and the fact that you're trading in GHash/s units that pay out everytime the BitFury pool finds a block makes these things "feel" more "real" than other PMBs that simply pay out daily or weekly according to a fixed payout-formula.

An advantage of CEX.io is that you're only dealing with a single counterparty, since the asset issuer also operates the exchange, unlike other PMBs that trade on third-party exchanges (and we've seen recently that continued regular operation of these exchanges is not set in stone). On the other hand, there is very little information about who actually operates CEX.io, so while you're only exposed to a single counterparty, it is a counterparty of unknown reliability.

[Deprived]

BTC Balance (BTC-TC)   23.7866291
CIPHERMINE Bonds    260.56000000
BTC Balance (Wallet)    328.21586392
TOTAL ASSETS    612.56249302
   
Outstanding MINING   152575
Outstanding SELLING   152575
Outstanding PURCHASE   10479
Effective Units   163054
   
Block reward   25
Difficulty   267,731,250
Hashes per MINING   5000000
   
Daily Dividend    0.00000939
50 days (Min Liquid)    0.00046960
100 days (Forced Close)    0.00093920
365 days (Buyback)    0.00342808
405 days (IPO)    0.00380376
400 days (Post SELLING div)    0.00375680
410 days (Pre SELLING div)    0.00385072
   
NAV Post MINING Div    611.03108943
NAV/U Post MINING Div    0.00374742
Days Dividend Post Div   399.00
SELLING Dividend    -         
NAV Post SELLING Div    611.03108943
NAV/U Post Selling Div    0.00374742

[Deprived]

BTC Balance (BTC-TC)   22.25555204
CIPHERMINE Bonds    260.56000000
BTC Balance (Wallet)    328.21586392
TOTAL ASSETS    611.03141596
   
Outstanding MINING   152575
Outstanding SELLING   152575
Outstanding PURCHASE   10479
Effective Units   163054
   
Block reward   25
Difficulty   267,731,250
Hashes per MINING   5000000
   
Daily Dividend    0.00000939
50 days (Min Liquid)    0.00046960
100 days (Forced Close)    0.00093920
365 days (Buyback)    0.00342808
405 days (IPO)    0.00380376
400 days (Post SELLING div)    0.00375680
410 days (Pre SELLING div)    0.00385072
   
NAV Post MINING Div    609.50001237
NAV/U Post MINING Div    0.00373803
Days Dividend Post Div   398.00
SELLING Dividend    -         
NAV Post SELLING Div    609.50001237
NAV/U Post Selling Div    0.00373803

[welyoe]

sorry for asking . maybe I miss the news.

I still have 100 shares. what is my shares condition? Will it be moved to bitfunder.com or ......?

thank you

[Deprived]

sorry for asking . maybe I miss the news.

I still have 100 shares. what is my shares condition? Will it be moved to bitfunder.com or ......?

thank you

Still not finalised where we move to - but it definitely won't be Bitfunder (our US investors won't be able to use, I don't want to force everyone else to verify ID - and I don't think Bitfunder is even taking new securities right now anyway).

BTC Balance (BTC-TC)   20.72447498
CIPHERMINE Bonds    260.56000000
BTC Balance (Wallet)    328.21586392
TOTAL ASSETS    609.50033890
   
Outstanding MINING   152575
Outstanding SELLING   152575
Outstanding PURCHASE   10479
Effective Units   163054
   
Block reward   25
Difficulty   267,731,250
Hashes per MINING   5000000
   
Daily Dividend    0.00000939
50 days (Min Liquid)    0.00046960
100 days (Forced Close)    0.00093920
365 days (Buyback)    0.00342808
405 days (IPO)    0.00380376
400 days (Post SELLING div)    0.00375680
410 days (Pre SELLING div)    0.00385072
   
NAV Post MINING Div    607.96893531
NAV/U Post MINING Div    0.00372864
Days Dividend Post Div   397.00
SELLING Dividend    -         
NAV Post SELLING Div    607.96893531
NAV/U Post Selling Div    0.00372864

[Deprived]

BTC Balance (BTC-TC)   19.19339792
CIPHERMINE Bonds    260.56000000
BTC Balance (Wallet)    328.21586392
TOTAL ASSETS    607.96926184
   
Outstanding MINING   152575
Outstanding SELLING   152575
Outstanding PURCHASE   10479
Effective Units   163054
   
Block reward   25
Difficulty   267,731,250
Hashes per MINING   5000000
   
Daily Dividend    0.00000939
50 days (Min Liquid)    0.00046960
100 days (Forced Close)    0.00093920
365 days (Buyback)    0.00342808
405 days (IPO)    0.00380376
400 days (Post SELLING div)    0.00375680
410 days (Pre SELLING div)    0.00385072
   
NAV Post MINING Div    606.43785825
NAV/U Post MINING Div    0.00371925
Days Dividend Post Div   396.00
SELLING Dividend    -         
NAV Post SELLING Div    606.43785825
NAV/U Post Selling Div    0.00371925