[Havelock] Bitcoin Difficulty Derivative (BDD)

[twentyseventy]

Round 3, Period 15 End Report - September 13, 2016

Previous Units              771
EXCH Sold                   272
Less Buybacks              0
New Total Units        1043

Previous Balance          27.50716709
Gross Sales of EXCH      9.41819838

Less Fees                    0.03767279
Less Dividends              3.53842776
Less Buybacks              0.00000000
Less Mgmt Fee              0.31739925
Net Balance            33.03186567

End of Period NAV/U     0.03167005

New Difficulty                  225,832,872,179
New Daily Dividend         0.00027836
New Reserve per Unit        0.05010480


NAV/U less New Reserve = 0.03167005 - 0.05010480 = -0.01843475

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

Days of Dividends On Hand   113.7

[twentyseventy]

Round 3, Period 16, Day 0 Report - September 12, 2016

Balance Post Divs: BTC 32.86294759

Total Units: 1043

NAV/U: BTC 0.03150809

Round 3, Period 16, Day 1 Report - September 13, 2016

Balance Post Divs: BTC 32.57261811

Total Units: 1043

NAV/U: BTC 0.03122973

The Dividend paid today will encompass the following
9/11: 0.00028476
9/12: 0.00027836
9/13: 0.00027836
Total: 0.00084148

[twentyseventy]

Round 3, Period 16, Day 2 Report - September 14, 2016

Balance Post Divs: BTC 32.62280614

Total Units: 1054

NAV/U: BTC 0.03095142

[twentyseventy]

Round 3, Period 16, Day 3 Report - September 15, 2016

Balance Post Divs: BTC 32.75885681

Total Units: 1068

NAV/U: BTC 0.03067308

Round 3, Period 16, Day 4 Report - September 16, 2016

Balance Post Divs: BTC 32.46150928

Total Units: 1068

NAV/U: BTC 0.03039467

Round 3, Period 16, Day 5 Report - September 17, 2016

Balance Post Divs: BTC 32.16422080

Total Units: 1068

NAV/U: BTC 0.03011631

Round 3, Period 16, Day 6 Report - September 18, 2016

Balance Post Divs: BTC 31.86693232

Total Units: 1068

NAV/U: BTC 0.02983795

[twentyseventy]

Round 3, Period 16, Day 7 Report - September 19, 2016

Balance Post Divs: BTC 31.68790036

Total Units: 1072

NAV/U: BTC 0.02955960

[twentyseventy]

Round 3, Period 16, Day 8 Report - September 20, 2016

Balance Post Divs: BTC 31.38948220

Total Units: 1072

NAV/U: BTC 0.02928123

[twentyseventy]

Round 3, Period 16, Day 9 Report - September 21, 2016

Balance Post Divs: BTC 32.53539130

Total Units: 1122

NAV/U: BTC 0.02899767

[twentyseventy]

Round 3, Period 16, Day 10 Report - September 22, 2016

Balance Post Divs: BTC 32.25753125

Total Units: 1123

NAV/U: BTC 0.02872442

[twentyseventy]

Round 3, Period 16, Day 11 Report - September 23, 2016

Balance Post Divs: BTC 32.87999293

Total Units: 1156

NAV/U: BTC 0.02844290

[twentyseventy]

Round 3, Period 16, Day 12 Report - September 24, 2016

Balance Post Divs: BTC 32.56200016

Total Units: 1156

NAV/U: BTC 0.02816782

[twentyseventy]

Round 3, Period 16 End Report - September 25, 2016

Previous Units              771
EXCH Sold                   117
Less Buybacks              0
New Total Units        1160

Previous Balance          33.03186567
Gross Sales of EXCH      3.56712941

Less Fees                    0.01426852
Less Dividends              3.92849468
Less Buybacks              0.00000000
Less Mgmt Fee              0.12677205
Net Balance            32.52945983

End of Period NAV/U     0.02804263

New Difficulty                  241,227,200,230
New Daily Dividend         0.00026059
New Reserve per Unit        0.04690620


NAV/U less New Reserve = 0.02804263  - 0.04690620 = -0.01886357

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

Days of Dividends On Hand   107.6

[twentyseventy]

Round 3, Period 17, Day 0 Report - September 25, 2016

Balance Post Divs: BTC 32.37238884

Total Units: 1160

NAV/U: BTC 0.02790723

[twentyseventy]

Round 3, Period 17, Day 1 Report - September 26, 2016

Balance Post Divs: BTC 32.62081367

Total Units: 1180

NAV/U: BTC 0.02764475

Round 3, Period 17, Day 2 Report - September 27, 2016

Balance Post Divs: BTC 32.31555001

Total Units: 1180

NAV/U: BTC 0.02738605

Round 3, Period 17, Day 2 Report - September 28, 2016

Balance Post Divs: BTC 32.06208656

Total Units: 1182

NAV/U: BTC 0.02712528

Round 3, Period 17, Day 3 Report - September 29, 2016

Balance Post Divs: BTC 34.04933911

Total Units: 1270

NAV/U: BTC 0.02681050

[twentyseventy]

Round 3, Period 17, Day 4 Report - September 30, 2016

Balance Post Divs: BTC 34.63364959

Total Units: 1302

NAV/U: BTC 0.02660034

Round 3, Period 17, Day 5 Report - October 1, 2016

Balance Post Divs: BTC 34.29779304

Total Units: 1302

NAV/U: BTC 0.02634239

Round 3, Period 17, Day 6 Report - October 2, 2016

Balance Post Divs: BTC 33.95850486

Total Units: 1302

NAV/U: BTC 0.02608180

Round 3, Period 17, Day 7 Report - October 3, 2016

Balance Post Divs: BTC 34.41645305

Total Units: 1333

NAV/U: BTC 0.02581879

Round 3, Period 17, Day 8 Report - October 4, 2016

Balance Post Divs: BTC 34.08048952

Total Units: 1334

NAV/U: BTC 0.02554759

[AllInBit]

@twentyseventy

    Hey what's up? I've been out of the game for awhile. Quick question. Are you still issuing new units daily or just whenever you can? Just wondering cause I didn't see any new units today. Thanks.

[twentyseventy]

@twentyseventy

    Hey what's up? I've been out of the game for awhile. Quick question. Are you still issuing new units daily or just whenever you can? Just wondering cause I didn't see any new units today. Thanks.

Hey there - unfortunately, I haven't been able to update every day. I'm in the middle of some significant life changes but I hope to be able to update more regularly starting in the middle of the month. Thanks-

[twentyseventy]

Round 3, Period 17, Day 9 Report - October 5, 2016

Balance Post Divs: BTC 35.08506918

Total Units: 1387

NAV/U: BTC 0.02529565

Round 3, Period 17, Day 10 Report - October 6, 2016

Balance Post Divs: BTC 34.73464689

Total Units: 1387

NAV/U: BTC 0.02504300

[twentyseventy]

Round 3, Period 17, Day 11 Report - October 7, 2016

Balance Post Divs: BTC 35.50777492

Total Units: 1433

NAV/U: BTC 0.02477862

[twentyseventy]

Round 3, Period 17 End Report - October 8, 2016

Previous Units              1160
EXCH Sold                   371
Less Buybacks              0
New Total Units        1531

Previous Balance          32.52945983
Gross Sales of EXCH      9.95383922

Less Fees                    0.03981536
Less Dividends              4.36540368
Less Buybacks              0.00000000
Less Mgmt Fee              0.38355713
Net Balance            37.69452288

End of Period NAV/U     0.02462085

New Difficulty                  258,522,748,405
New Daily Dividend         0.00024316
New Reserve per Unit        0.04376880


NAV/U less New Reserve = 0.02462085  - 0.04376880 = -0.01914795

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

Days of Dividends On Hand   101.25

[twentyseventy]

Round 3, Period 17, Day 0 Report - October 8, 2016

Balance Post Divs: BTC 37.56368442

Total Units: 1531

NAV/U: BTC 0.02453539

Round 3, Period 17, Day 1 Report - October 9, 2016

Balance Post Divs: BTC 37.19140646

Total Units: 1531

NAV/U: BTC 0.02429223

Round 3, Period 17, Day 2 Report - October 10, 2016

Balance Post Divs: BTC 36.81912850

Total Units: 1531

NAV/U: BTC 0.02404907

Round 3, Period 17, Day 3 Report - October 11, 2016

Balance Post Divs: BTC 36.44685054

Total Units: 1531

NAV/U: BTC 0.02380591

Round 3, Period 17, Day 4 Report - October 12, 2016

Balance Post Divs: BTC 36.44685054

Total Units: 1531

NAV/U: BTC 0.02380591

Am currently traveling across the country, so I will go ahead and pay out these four past dividends plus the div for Oct 12; the dividends should hit on Oct 12 at noon. I'll put up Exch as soon as possible after that time. Thanks-