[BTC-TC] Deprived Mining Speculation (DMS)

[Deprived]

I didn't notice before today's report but we had our first CIPHERMINE.B1 dividend today:

2013-09-16 07:35:33    38234    ฿ 0.00003850    ฿ 1.47181783

That would account for the fairly small drop in NAV/U today - I didn't notice as the drop was always going to be a bit lower than normal because of high (compared to other recent trade levels) PURCHASE sales.  I won't be reporting these generally - though if anyone ever wants I can paste a list of received dividends.

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[NineLives]

Hi,

I'm about to buy shares.

Straight question..  Is this working?

Sarcasmes are welcome as long as I get my answer 

[Deprived]

Hi,

I'm about to buy shares.

Straight question..  Is this working?

Sarcasmes are welcome as long as I get my answer 

Is what working?

The transfer bot is working.
Dividends are being paid according to the defined plan.
People who get the price wrong will be losing money to people who get the price right (though we won't know for sure which are which for a while).

If you meant something else then please clarify.

[NineLives]

I'm a novice and I suppose I'm asking you guys if its worth buying stock.

But you've answered the question nicely.

I'll keep an eye on the prices and buy a small amount.

[Deprived]

I'm a novice and I suppose I'm asking you guys if its worth buying stock.

But you've answered the question nicely.

I'll keep an eye on the prices and buy a small amount.

If you don't understand how it works you're honestly probably better off NOT buying it.  And that holds true for most securities around.  The single piece of advice I'd give to anyone asking me what securities to buy is not to buy any - if you don't already know which to buy from your own research then asking on a forum isn't that likely to end up with you making a profit.

As far as DMS is concerned if you buy and hold PURCHASE then it's likely that in the long-term you'll make a tiny profit if you just hold it.  Too tiny a profit to justify it in my view.

If you buy MINING or SELLING then you MAY make either a profit or a loss.  You have to decide which (if either) is the correct one (it's entirely possible for neither to be worthwhile at any point in time but impossible for BOTH to be signficantly profitable).  The current prices represent (by definition) the point at which there is an equal amount of money betting on both sides - but some of that money may well be better informed than the other side.  Unless you believe your judgment is better than the money-weighted view of the market as a whole then an investment by you is just a gamble.

And remember that if you accept investing in this without being better informed than the market as a whole is a gamble, then investing in any other PMB-type investment at a higher price per hash is the same gamble but with worse odds.

[baloo_kiev]

I'm a novice and I suppose I'm asking you guys if its worth buying stock.

But you've answered the question nicely.

I'll keep an eye on the prices and buy a small amount.

MINING will generally act like a 5MH/s PMB, so if you just want cheap PMBs, buy it.
SELLING requires some reading first.

[odolvlobo]

I'm a novice and I suppose I'm asking you guys if its worth buying stock.

But you've answered the question nicely.

I'll keep an eye on the prices and buy a small amount.

MINING will generally act like a 5MH/s PMB, so if you just want cheap PMBs, buy it.
SELLING requires some reading first.

LOL. You are implying that buying a PMB requires no knowledge or skill -- and that is completely wrong. Most people investing in mining are losing tons of money because they are not doing the necessary research and are generally ignorant of the economics of mining.

[baloo_kiev]

I'm a novice and I suppose I'm asking you guys if its worth buying stock.

But you've answered the question nicely.

I'll keep an eye on the prices and buy a small amount.

MINING will generally act like a 5MH/s PMB, so if you just want cheap PMBs, buy it.
SELLING requires some reading first.

LOL. You are implying that buying a PMB requires no knowledge or skill -- and that is completely wrong. Most people investing in mining are losing tons of money because they are not doing the necessary research and are generally ignorant of the economics of mining.

No, I didn't mean it required no knowledge. I was just saying that it's easy to understand what is PMB and its dividend calculation is straightforward. There are other PMBs on the market which act the same (a PMB is a PMB). SELLING, on contrast, is a fund with unique rules, which are not so easy to understand.

If someone is going to buy PMBs (after he has done his math), he can just buy MINING. No precise knowledge of DMS mechanisms is required in this case.

[Deprived]

Sold   1975
Swapped   0
Total   1975
Price   0.009365
Total   18.495875
Less Fee   18.45888325
Man Fee   0.553766498

BTC Balance (BTC-TC)   1067.805146
9071 LTC-ATF.B1    90.71000000
CIPHERMINE Bonds    382.33000000
Coinlenders CD 27/9   202.4812502
Coinlenders Cash   0
Just-Dice Balance    186.68800000
TOTAL ASSETS    1,930.01439571
   
Outstanding MINING   205876
Outstanding SELLING   205876
Outstanding PURCHASE   10569
Effective Units   216445
   
Block reward   25
Difficulty   112,628,549
Hashes per MINING   5000000
   
Daily Dividend    0.00002233
50 days (Min Liquid)    0.00111629
100 days (Forced Close)    0.00223259
365 days (Buyback)    0.00814895
405 days (IPO)    0.00904199
400 days (Post SELLING div)    0.00893036
410 days (Pre SELLING div)    0.00915361
   
NAV Post MINING Div    1,925.18206846
NAV/U Post MINING Div    0.00889456
Days Dividend Post Div   398.40
SELLING Dividend    -         
NAV Post SELLING Div    1,925.18206846
NAV/U Post Selling Div    0.00889456
PURCHASE selling price    0.009339
PURCHASE buy-back price    0.008717
   
J-D House profit at report   6097

Bit of a drop in J-D today - though not until after I'd made the withdrawal yesterday.  If anyone's interested DMS is in profit by ~27 BTC from investing in J-D.

[ThickAsThieves]

Looks like you might be getting trolled... https://bitcointalk.org/index.php?topic=229036.msg3174029#msg3174029

[Deprived]

Looks like you might be getting trolled... https://bitcointalk.org/index.php?topic=229036.msg3174029#msg3174029

Actually it isn't a troll - though it isn't 100% accurate.  Will be making a post about it myself in about half an hour.

[NineLives]

I'm a novice and I suppose I'm asking you guys if its worth buying stock.

But you've answered the question nicely.

I'll keep an eye on the prices and buy a small amount.

MINING will generally act like a 5MH/s PMB, so if you just want cheap PMBs, buy it.
SELLING requires some reading first.

Yeh, your both right,  I don't know enough to slash on anything at the moment.

BUT, I do want to do something.

How about if I buy BTC and sit on it?

[🏰 TradeFortress 🏰]

Looks like you might be getting trolled... https://bitcointalk.org/index.php?topic=229036.msg3174029#msg3174029

Actually it isn't a troll - though it isn't 100% accurate.  Will be making a post about it myself in about half an hour.

Hmm, interesting.

[Lohoris]

Looks like you might be getting trolled... https://bitcointalk.org/index.php?topic=229036.msg3174029#msg3174029

Actually it isn't a troll - though it isn't 100% accurate.  Will be making a post about it myself in about half an hour.

Could you link it here please?

[Rannasha]

Looks like you might be getting trolled... https://bitcointalk.org/index.php?topic=229036.msg3174029#msg3174029

Actually it isn't a troll - though it isn't 100% accurate.  Will be making a post about it myself in about half an hour.

Could you link it here please?

It's in the LTC-ATF thread on the Litecoin forums:
https://forum.litecoin.net/index.php/topic,657.225.html

[Lohoris]

It's in the LTC-ATF thread on the Litecoin forums:
https://forum.litecoin.net/index.php/topic,657.225.html

thanks! : )

[Deprived]

Sold   1097
Swapped   0
Total   1097
Price   0.009339
Total   10.244883
Less Fee   10.22439323
Man Fee   0.306731797

BTC Balance (BTC-TC)   1074.936339
9071 LTC-ATF.B1    90.71000000
CIPHERMINE Bonds    380.34000000
Coinlenders CD 27/9   202.6037698
Coinlenders Cash   0
Just-Dice Balance    187.72700000
TOTAL ASSETS    1,936.31710849
   
Outstanding MINING   206461
Outstanding SELLING   206461
Outstanding PURCHASE   11081
Effective Units   217542
   
Block reward   25
Difficulty   112,628,549
Hashes per MINING   5000000
   
Daily Dividend    0.00002233
50 days (Min Liquid)    0.00111629
100 days (Forced Close)    0.00223259
365 days (Buyback)    0.00814895
405 days (IPO)    0.00904199
400 days (Post SELLING div)    0.00893036
410 days (Pre SELLING div)    0.00915361
   
NAV Post MINING Div    1,931.46028974
NAV/U Post MINING Div    0.00887856
Days Dividend Post Div   397.68
SELLING Dividend    -         
NAV Post SELLING Div    1,931.46028974
NAV/U Post Selling Div    0.00887856
PURCHASE selling price    0.009322
PURCHASE buy-back price    0.008701
   
J-D House profit at report   6396

[baloo_kiev]

What happened to PURHASE offer? Can see no Ask orders at the selling price.

[Deprived]

Sold   1784
Swapped   0
Total   1784
Price   0.009322
Total   16.630448
Less Fee   16.5971871
Man Fee   0.497915613

BTC Balance (BTC-TC)   1086.662242
9071 LTC-ATF.B1    90.71000000
CIPHERMINE Bonds    379.88000000
Coinlenders CD 27/9   202.7240036
Coinlenders Cash   0
Just-Dice Balance    185.67300000
TOTAL ASSETS    1,945.64924593
   
Outstanding MINING   206462
Outstanding SELLING   206462
Outstanding PURCHASE   12864
Effective Units   219326
   
Block reward   25
Difficulty   112,628,549
Hashes per MINING   5000000
   
Daily Dividend    0.00002233
50 days (Min Liquid)    0.00111629
100 days (Forced Close)    0.00223259
365 days (Buyback)    0.00814895
405 days (IPO)    0.00904199
400 days (Post SELLING div)    0.00893036
410 days (Pre SELLING div)    0.00915361
   
NAV Post MINING Div    1,940.75259779
NAV/U Post MINING Div    0.00884871
Days Dividend Post Div   396.34
SELLING Dividend    -         
NAV Post SELLING Div    1,940.75259779
NAV/U Post Selling Div    0.00884871
PURCHASE selling price    0.009291
PURCHASE buy-back price    0.008672
   
J-D House profit at report   5844

[Deprived]

What happened to PURHASE offer? Can see no Ask orders at the selling price.

Offer is always taken down each day at around the time of dividends/report.  Once I've checked the accounting and that the new price is correct a new bid gos up.