[BTC-TC] Deprived Mining Speculation (DMS)

[guitarplinker]

I bought 6 shares in DMS.mining today. I thought I could risk losing $1.75 in the worst case.

So can someone confirm what I understand to be true, or correct it?

When you buy DMS.MINING shares you're betting that for that price, 5MH/s will break even or create a profit in it's first year, starting at the date of purchase.

And DMS.SELLING begs to differ, that the 5MH/s for that price won't break even?

And all during this, DMS.MINING shares get daily dividends for how much could have actually been mined with 5MH/s per share, and the shares can be sold whenever the owner decides to?

[twentyseventy]

Hey guys, I didn't read any of the previous 45 pages of the thread, can you explain how this works? 

You probably want to read the first two post, and then if you still have any questions just ask.  In general it's a combination of securities that allows you to either collect mining dividends at a reduced cost compared with some other funds with Dms.Mining, or go short that fund by betting against its valuation as being profitable with Dms.Selling.  Also some of the money is invested in other ventures.  It's a bit more complicated, so you might want to read the whole thing.

I was joking, but thanks for being polite about it!

I just see way too many people come to the thread and ask for an explanation without even attempting to skim the multiple in depth explanations already offered.

[odolvlobo]

When you buy DMS.MINING shares you're betting that for that price, 5MH/s will break even or create a profit in it's first year, starting at the date of purchase.

And DMS.SELLING begs to differ, that the 5MH/s for that price won't break even?

And all during this, DMS.MINING shares get daily dividends for how much could have actually been mined with 5MH/s per share, and the shares can be sold whenever the owner decides to?

That's about right, except for "in its first year". There is no time limit. There are some currently unlikely scenarios related to 400 days, because SELLING gets to keep amounts beyond what MINING can mine in 400 days at the current difficulty.

[guitarplinker]

When you buy DMS.MINING shares you're betting that for that price, 5MH/s will break even or create a profit in it's first year, starting at the date of purchase.

And DMS.SELLING begs to differ, that the 5MH/s for that price won't break even?

And all during this, DMS.MINING shares get daily dividends for how much could have actually been mined with 5MH/s per share, and the shares can be sold whenever the owner decides to?

That's about right, except for "in its first year". There is no time limit. There are some currently unlikely scenarios related to 400 days, because SELLING gets to keep amounts beyond what MINING can mine in 400 days at the current difficulty.

Hmmm, that's an interesting scenario, thanks for explaining!

[Deprived]

Sold   5419
Swapped   0
Total   5419
Price   0.0208
Total   112.7152
Less Fee   112.4897696
Man Fee   3.374693088

BTC Balance (BTC-TC)    1,817.52662774
10164 LTC-ATF.B1    101.64000000
Coinlenders CD 28/8    202.41840664
Coinlenders CD 12/9    100.22407706
Just-Dice Balance    202.50000000
TOTAL ASSETS    2,424.30911144
   
Outstanding MINING   110268
Outstanding SELLING   110268
Outstanding PURCHASE   11923
Effective Units   122191
   
Block reward   25
Difficulty   50810339
Hashes per MINING   5000000
   
Daily Dividend    0.00004949
50 days (Min Liquid)    0.00247443
100 days (Forced Close)    0.00494886
365 days (Buyback)    0.01806334
405 days (IPO)    0.02004288
400 days (Post SELLING div)    0.01979544
410 days (Pre SELLING div)    0.02029033
   
NAV Post MINING Div    2,418.26204982
NAV/U Post MINING Div    0.01979084
Days Dividend Post Div   399.91
SELLING Dividend    -         
NAV Post SELLING Div    2,418.26204982
NAV/U Post Selling Div    0.01979084
PURCHASE selling price    0.02078
PURCHASE buy-back price    0.01940
   
J-D House profit at report   5133

[guitarplinker]

Got my first 3 cents dividend today, thanks!

[Kuroth]

DBS Stands for??

[ThickAsThieves]

DBS Stands for??

Deprived Mining Speculation, like it says on the label.

[Deprived]

DBS Stands for??

Deprived Mining Speculation, like it says on the label.

He asked about DBS not DMS - not sure where he even saw DBS, let alone what it is (unless I typoed somewhere).

[guitarplinker]

Dividends are not paid out on Saturdays or Sundays correct? I bought on Thursday and got a Friday dividend but didn't get one today.

[Rannasha]

Dividends are not paid out on Saturdays or Sundays correct? I bought on Thursday and got a Friday dividend but didn't get one today.

Dividends are always paid out at 16:00 GMT, which is 1.5 hours from the time of this post.

[guitarplinker]

Dividends are not paid out on Saturdays or Sundays correct? I bought on Thursday and got a Friday dividend but didn't get one today.

Dividends are always paid out at 16:00 GMT, which is 1.5 hours from the time of this post.

Ah ok thanks for clearing that up!

[Deprived]

Sold   2560
Swapped   0
Total   2560
Price   0.02078
Total   53.1968
Less Fee   53.0904064
Man Fee   1.592712192

BTC Balance (BTC-TC)    1,862.97710155
10164 LTC-ATF.B1    101.64000000
Coinlenders CD 28/8    202.55018634
Coinlenders CD 12/9    100.28907804
Just-Dice Balance    202.60000000
TOTAL ASSETS    2,470.05636593
   
Outstanding MINING   111804
Outstanding SELLING   111804
Outstanding PURCHASE   12947
Effective Units   124751
   
Block reward   25
Difficulty   50810339
Hashes per MINING   5000000
   
Daily Dividend    0.00004949
50 days (Min Liquid)    0.00247443
100 days (Forced Close)    0.00494886
365 days (Buyback)    0.01806334
405 days (IPO)    0.02004288
400 days (Post SELLING div)    0.01979544
410 days (Pre SELLING div)    0.02029033
   
NAV Post MINING Div    2,463.88261349
NAV/U Post MINING Div    0.01975040
Days Dividend Post Div   399.09
SELLING Dividend    -         
NAV Post SELLING Div    2,463.88261349
NAV/U Post Selling Div    0.01975040
PURCHASE selling price    0.02074
PURCHASE buy-back price    0.01936
   
J-D House profit at report   5147

Have put in a withdrawal request to send 40 more BTC to J-D.

[guitarplinker]

Thanks again for the 3 cents dividend.

[Deprived]

Sold   2289
Swapped   0
Total   2289
Price   0.02074
Total   47.47386
Less Fee   47.37891228
Man Fee   1.421367368

BTC Balance (BTC-TC)    1,864.44095746
10079 LTC-ATF.B1    100.79000000
Coinlenders CD 28/8    202.68288293
Coinlenders CD 12/9    100.35453128
Just-Dice Balance    242.80000000
TOTAL ASSETS    2,511.06837167
   
Outstanding MINING   113870
Outstanding SELLING   113870
Outstanding PURCHASE   13170
Effective Units   127040
   
Block reward   25
Difficulty   50810339
Hashes per MINING   5000000
   
Daily Dividend    0.00004949
50 days (Min Liquid)    0.00247443
100 days (Forced Close)    0.00494886
365 days (Buyback)    0.01806334
405 days (IPO)    0.02004288
400 days (Post SELLING div)    0.01979544
410 days (Pre SELLING div)    0.02029033
   
NAV Post MINING Div    2,504.78133983
NAV/U Post MINING Div    0.01971648
Days Dividend Post Div   398.40
SELLING Dividend    -         
NAV Post SELLING Div    2,504.78133983
NAV/U Post Selling Div    0.01971648
PURCHASE selling price    0.02070
PURCHASE buy-back price    0.01932
   
J-D House profit at report   5204

[Deprived]

Sold   2170
Swapped   0
Total   2170
Price   0.0207
Total   44.919
Less Fee   44.829162
Man Fee   1.34487486

BTC Balance (BTC-TC)    1,901.63810986
10079 LTC-ATF.B1    100.79000000
Coinlenders CD 28/8    202.81398367
Coinlenders CD 12/9    100.41919736
Just-Dice Balance    243.40000000
TOTAL ASSETS    2,549.06129089
   
Outstanding MINING   116045
Outstanding SELLING   116045
Outstanding PURCHASE   13165
Effective Units   129210
   
Block reward   25
Difficulty   50810339
Hashes per MINING   5000000
   
Daily Dividend    0.00004949
50 days (Min Liquid)    0.00247443
100 days (Forced Close)    0.00494886
365 days (Buyback)    0.01806334
405 days (IPO)    0.02004288
400 days (Post SELLING div)    0.01979544
410 days (Pre SELLING div)    0.02029033
   
NAV Post MINING Div    2,542.66686878
NAV/U Post MINING Div    0.01967856
Days Dividend Post Div   397.64
SELLING Dividend    -         
NAV Post SELLING Div    2,542.66686878
NAV/U Post Selling Div    0.01967856
PURCHASE selling price    0.02066
PURCHASE buy-back price    0.01928
   
J-D House profit at report   5337

[BitThink]

The current price trend of DMS MINING is really difficult for me to understand. The price almost increases every day, when its value apparently decreases every day. This surprisingly made the buying MINING in the beginning of this round very profitable. The price increases by 20% plus around 1.6% dividend paid every day.

[odolvlobo]

The current price trend of DMS MINING is really difficult for me to understand. The price almost increases every day, when its value apparently decreases every day. This surprisingly made the buying MINING in the beginning of this round very profitable. The price increases by 20% plus around 1.6% dividend paid every day.

Apparently, people believe that its price is low because the difficulty isn't going up as much as it did last time.

[ft73]

The current price trend of DMS MINING is really difficult for me to understand. The price almost increases every day, when its value apparently decreases every day. This surprisingly made the buying MINING in the beginning of this round very profitable. The price increases by 20% plus around 1.6% dividend paid every day.

Apparently, people believe that its price is low because the difficulty isn't going up as much as it did last time.

I think DMS.Mining underperformed for weeks, its share value dropped way more than difficulty increases.
Finally it reached some kind of bottom and it's rebounding.

We'll see.

[Rannasha]

The current price trend of DMS MINING is really difficult for me to understand. The price almost increases every day, when its value apparently decreases every day. This surprisingly made the buying MINING in the beginning of this round very profitable. The price increases by 20% plus around 1.6% dividend paid every day.

Apparently, people believe that its price is low because the difficulty isn't going up as much as it did last time.

I think DMS.Mining underperformed for weeks, its share value dropped way more than difficulty increases.
Finally it reached some kind of bottom and it's rebounding.

We'll see.

It either underperformed (in terms of share price development) or it was greatly overvalued and the low drop it saw was a correction. While DMS.MINING is still a better deal than other PMBs if you purely look at MH/BTC, but I'm convinced that the price still exceeds its true value.