[BTC-TC] Deprived Mining Speculation (DMS)

[Deprived]

Deprived, how long is the normal wait time from transfer of PURCHASE to you before receiving back SELLING/MINING?

5 minutes if I'm actively checking.
An hour if I'm around but not checking a lot.
8 hours if you send just after I go to bed.

Whenever I check I catch up with all transfers in. I try to check at least once an hour when I'm around a computer - which is most of the time

Thanks for the quick response, I appreciate it. Is the SELLING div issued around midnight ET tonight, like MINING's divs, or just sometime today?

MINNG div is issued at 16:00 GMT - which is about an hour and 15 minute from now.  After that's processed I'll double-check all calculations then SELLING div will be put up for immediate payment - so it'll come 5-10 minutes after BTC-TC processes the MINING div.

PURCHASE will be disabled for trading from about 10 minutes before MINING dividend until after SELLING one has processed and I've, again, checked that all the math (and wallet balance) match with my spreadsheet.  Once everything's checked, PURCHASE will be enabled for trading again and new PURCHASE Ask/Bid will go up.

MINING and SELLING will be left open for trading all the time.

[Deprived]

Oh - PURCHASE gets both dividends by the way.  So no need to panic if you haven't exchanged any - you'd still get the MINING and SELLING dividends.

Only way you miss the dividends is if you decide to send me the PURCHASE right before the dividends process - where I wouldn't see it in time.  Basically don't send me PURCHASE from 10 minutes before dividends are due up until after dividends have been processed - that's why I try to always take down PURCHASE Ask 10-15 minutes before dividends : so noone can buy and accidentally miss out on a dividend by sending it to me just before dividend payment.

[twentyseventy]

That makes sense, thanks for the detailed explanation! This is a pretty complicated security, so it's great that you're frequently around to address shareholder questions.

*I should have said Noon ET earlier, not Midnight ET, as well-

[joele]

Deprived, When is the payment for SELLER dividend? any minute today or tomorrow?

[twentyseventy]

Deprived, When is the payment for SELLER dividend? any minute today or tomorrow?

I asked that just a minute ago, the SELLING div will be issued soon after the MINING div, which issues at 1600 GMT (about 7 minutes from this post)

MINNG div is issued at 16:00 GMT - which is about an hour and 15 minute from now.  After that's processed I'll double-check all calculations then SELLING div will be put up for immediate payment - so it'll come 5-10 minutes after BTC-TC processes the MINING div.

PURCHASE will be disabled for trading from about 10 minutes before MINING dividend until after SELLING one has processed and I've, again, checked that all the math (and wallet balance) match with my spreadsheet.  Once everything's checked, PURCHASE will be enabled for trading again and new PURCHASE Ask/Bid will go up.

MINING and SELLING will be left open for trading all the time.

[Deprived]

Sold   2292
Swapped   377
Total   2669
Price   0.066149
Total   151.613508
Less Fee   151.310281
Man Fee   4.53930843
   
Units   16235
Excess Div   0.00003111
Refund   0.50507085

Details of today's management fee - and also of the refund made for the extra dividends being paid.  Rest of report will come once I've completed paying dividends.  The management fee and refund have both been transferred.

[Deprived]

BTC Balance (BTC-TC)    901.35506956
12500 LTC-ATF.B1    125.00000000
TOTAL ASSETS    1,026.35506956
   
Outstanding MINING   15655
Outstanding SELLING   15655
Outstanding PURCHASE   580
Effective Units   16235
   
Block reward   25
Difficulty   19,339,258
Hashes per MINING   5000000
   
Daily Dividend    0.00013002
50 days (Min Liquid)    0.00650111
100 days (Forced Close)    0.01300222
365 days (Buyback)    0.04745810
405 days (IPO)    0.05265898
400 days (Post SELLING div)    0.05200887
410 days (Pre SELLING div)    0.05330910
   
NAV Post MINING Div    1,024.24415939
NAV/U Post MINING Div    0.06308865
Days Dividend Post Div   485.21
SELLING Dividend    0.01107977
NAV Post SELLING Div    844.36406963
NAV/U Post Selling Div    0.05200887
PURCHASE selling price    0.05460932
PURCHASE buy-back price    0.05096870

SELLING dividend (for both SELLING and PURCHASE) is now queued for immediate payment.  Once they've gone through I'll unlock PURCHASE, place new Ask/Bif and the fun can continue.

[Deprived]

Math all checked out and wallet balance was consistent with spreadsheet to 3 decimal places (difference in low digits is beause dividends are rounded to nearest satoshi plus I always round management fee in fund's favour).

Nice try whoever put up PURCHASE at the old price - but you only had it there for a few seconds before I got the new one up (you beat me as with it being for hundreds of BTC I have to treble-check before submitting the order).

[joele]

Thanks Deprived for immediate transfer, earned a bit there.

[Deprived]

Thanks Deprived for immediate transfer, earned a bit there.

Yeah - you were one of the first ones to send after dividends were paid.

Been too busy doing transfers to do any trading myself - so missed out on the arb opportunities there were for those who were quick.

[eltopo]

Sold some SELLING for > 0.04 after receiving the dividend... so lets get SELLING back to 0.45 now 

[Birdy]

Sold some SELLING for > 0.04 after receiving the dividend... so lets get SELLING back to 0.45 now  

First I wanted to try that, too.
But then I've settled with selling my DMS.Sellings before the dividends.
5.4 Btc investment -> 6.7 Btc return, that was my best investment so far.

(Sorry for those who made a loss, I hope they still gained some valuable information about PMBs from this)

[Rannasha]

Deprived, are you still online doing the PURCHASE->SELLING/MINING swaps or have you logged off? Sent you 11 PURCHASE (for a 2nd time) ~1 hr ago that is awaiting a swap.

edit: Just got the notification of the transfer of SELLING&MINING. Cheers!

[Deprived]

Deprived, are you still online doing the PURCHASE->SELLING/MINING swaps or have you logged off? Sent you 11 PURCHASE (for a 2nd time) ~1 hr ago that is awaiting a swap.

Sorry about that - there were a bunch of transfers in and your second transfer of 11 came whilst I was still processing ones that had previously arrived.  I managed to miss noticing that you'd done a second one for the same amount.

They're sent now - oversights like that are always easily fixed.

[eltopo]

Same for me, missing transfer back from this one:

2013-06-17 18:34:24   DMS.PURCHASE   transfer-out (DeprivedMining)    54

Some minutes before there were another transfer with 160 units which got through.

[Deprived]

Same for me, missing transfer back from this one:

2013-06-17 18:34:24   DMS.PURCHASE   transfer-out (DeprivedMining)    54

Some minutes before there were another transfer with 160 units which got through.

Will do it now - missed that one as it appeared in my transaction list in between my transfers out to you :

2013-06-17 17:34:42    DMS.SELLING    transfer-out (eltopo)    160    0.0395    0    6.32
2013-06-17 17:34:24    DMS.PURCHASE    transfer-in (eltopo)    54    0.06574    0    3.54996
2013-06-17 17:34:19    DMS.MINING    transfer-out (eltopo)    160    0.02929    0    4.6864

I'll send yours then have a careful check - usually there's not many transfers at a time, but after the dividend there were quite a load.  I'd spot it before next dividend - when I check that the numbers match (i.e. make sure that number outstanding has increased by same amount as there were salesm which would make any missed transfer obvious),

[Smidge]

Can someone elaborate why MINING lost 35% of it's value today?

There has been at least some buyers in the last 2 hours, but it's not looking good.

[joele]

Deprived, missing my new 100 PURCHASE transfer

2013-06-18 02:13:51   DMS.PURCHASE   transfer-out (DeprivedMining)   100

[twentyseventy]

Can someone elaborate why MINING lost 35% of it's value today?

There has been at least some buyers in the last 2 hours, but it's not looking good.

I'm guessing people are bullish on SELLING, so they bought PURCHASE and sold MINING down-

[Deprived]

Can someone elaborate why MINING lost 35% of it's value today?

There has been at least some buyers in the last 2 hours, but it's not looking good.

The reason for ANY change in the price of MINING/SELLING (other than a reduction because of a dividend being paid) is that the market (i.e. everyone investing collectively) has decided that the previous price was wrong.

In this particular case the change is almost certainly caused by one particular group - those who held SELLING.  SELLING got a big dividend today.  Pretty much by definition those holding SELLING are the people who believe it's better value than MINING - i.e. they believe (or believed) MINING was over-priced.  It's fairly safe to assume some of those used their dividends to buy more PURCHASE, split it then sold the MINING.  Once their MNING have gone we'll find out whether the rest of the market agrees with their new valuation.