[Havelock] Bitcoin Difficulty Derivative (BDD)

[twentyseventy]

Round 2, Period 3 End Report - July 25, 2015

Previous Units              1408
EXCH Sold                   137
Less Buybacks              0
New Total Units        1545

Previous Balance          216.57637195
Gross Sales of EXCH      20.75621008

Less Fees                    0.08001215
Less Dividends              18.77651270
Less Buybacks              0
Less Mgmt Fee              0.60490266
Net Balance            217.87115452

End of Period NAV/U     0.14101692

New Difficulty                  52,278,304,846
New Daily Dividend         0.00096197
New Reserve per Unit        0.17315460

NAV/U less New Reserve = 0.14101692 - 0.17315460 = -0.03213768


SELL Dividend                 0 (Because there are less than 180 days of dividends on hand)

Days of Dividends On Hand    146.5918064

[twentyseventy]

Round 2, Period 4, Day 0 Report - July 25, 2015

Balance Post Divs: BTC 216.38491087

Total Units: 1545

NAV/U: BTC 0.14005495

[twentyseventy]

Round 2, Period 4, Day 1 Report - July 26, 2015

Balance Post Divs: BTC 214.89866722

Total Units: 1545

NAV/U: BTC 0.13909298

Havelock is still having issues, I can't release new units of EXCH ATM

[ThePhwner]

Round 2, Period 4, Day 1 Report - July 26, 2015

Balance Post Divs: BTC 214.89866722

Total Units: 1545

NAV/U: BTC 0.13909298

Havelock is still having issues, I can't release new units of EXCH ATM

Have you heard anything as to what's going on with their site? Obviously you're affected like the rest of us... just wondering if you have anything besides a CloudFlare timeout screen.

[RoninMD]

Yep I can place an order but it doesn't show up on the bid/ask list.

[twentyseventy]

Round 2, Period 4, Day 2 Report - July 27, 2015

Balance Post Divs: BTC 213.41242357

Total Units: 1545

NAV/U: BTC 0.13813101

Have you heard anything as to what's going on with their site? Obviously you're affected like the rest of us... just wondering if you have anything besides a CloudFlare timeout screen.

Just got a message back from them; apparently they're working to mitigate a massive DDOS Attack-

[AllInBit]

Yep I can place an order but it doesn't show up on the bid/ask list.

   I just logged on and placed an order.... same thing happened, didnt show up.


   @twentyseventy:  Did they give you a time frame as to when things might be back to normal? Thanks

[twentyseventy]

Yep I can place an order but it doesn't show up on the bid/ask list.

   I just logged on and placed an order.... same thing happened, didnt show up.


   @twentyseventy:  Did they give you a time frame as to when things might be back to normal? Thanks

Nope it was just an 'ASAP' kind of thing. Looks like orders have started to be able to be executed. Have now updated the EXCH ask.

[twentyseventy]

Round 2, Period 4, Day 3 Report - July 28, 2015

Balance Post Divs: BTC 212.74909471

Total Units: 1551

NAV/U: BTC 0.13716898

[twentyseventy]

Round 2, Period 4, Day 4 Report - July 29, 2015

Balance Post Divs: BTC 211.66565089

Total Units: 1554

NAV/U: BTC 0.13620698

[RoninMD]

TwentySeven,  what do you think about adding another contract to BDD where buyers bet on B.Mine being undervalued.  How do you think it would play out?

[twentyseventy]

Round 2, Period 4, Day 5 Report - July 30, 2015

Balance Post Divs: BTC 210.30597817

Total Units: 1555

NAV/U: BTC 0.13524500

TwentySeven,  what do you think about adding another contract to BDD where buyers bet on B.Mine being undervalued.  How do you think it would play out?

So, really, if you think MINE is undervalued then you would just purchase those shares of MINE on the open market. Let's assume that difficulty stay exactly the same for the next 5 months, long enough to close out this round. The current NAV/U, 0.13524500, is the most that would be paid out to MINE.

So, you'd just purchase all units of MINE on the open market that are offered less than this amount and then you'd just hold them and reap the spread (NAV/U less purchase price = your profit).

Right now the lowest ASK on the market is .138, leaving you with no asks to purchase; you could put in an open order on the market and hope to be sold into.

[twentyseventy]

Round 2, Period 4, Day 6 Report - July 31, 2015

Balance Post Divs: BTC 208.81011482

Total Units: 1555

NAV/U: BTC 0.13428303

[twentyseventy]

Round 2, Period 4, Day 7 Report - August 1, 2015

Balance Post Divs: BTC 207.31425147

Total Units: 1555

NAV/U: BTC 0.13332106

[twentyseventy]

Round 2, Period 4, Day 8 Report - August 2, 2015

Balance Post Divs: BTC 205.81838812

Total Units: 1555

NAV/U: BTC 0.13235909

[twentyseventy]

Round 2, Period 4, Day 9 Report - August 3, 2015

Balance Post Divs: BTC 204.45390601

Total Units: 1556

NAV/U: BTC 0.13139711

[twentyseventy]

Round 2, Period 4, Day 10 Report - August 4, 2015

Balance Post Divs: BTC 202.95708069

Total Units: 1556

NAV/U: BTC 0.13043514

[twentyseventy]

Round 2, Period 4, Day 11 Report - August 5, 2015

Balance Post Divs: BTC 201.46025537

Total Units: 1556

NAV/U: BTC 0.12947317

[twentyseventy]

Round 2, Period 4, Day 12 Report - August 6, 2015

Balance Post Divs: BTC 199.96343005

Total Units: 1556

NAV/U: BTC 0.12851120

[twentyseventy]

I'm traveling this weekend, so the update for today will be this evening. Difficulty will change tomorrow morning; my report and tomorrow's div will likely be tomorrow evening. Thanks for your understanding-