[Havelock] Bitcoin Difficulty Derivative (BDD)

[junkonator]

My bad! Definitely and exclusively my f*** up! And on.

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[twentyseventy]

My bad! Definitely and exclusively my f*** up! And on.

No problem, we're all human - as evidenced by my need to actually change the contract 

[twentyseventy]

Period 5, Day 1 Report - March 14, 2014

Balance Post Divs: BTC 443.47764659

Total Units: 3785

NAV/U: BTC 0.11716714

[twentyseventy]

Period 5, Day 2 Report - March 15, 2014

Balance Post Divs: BTC 450.71337217

Total Units: 3865

NAV/U: BTC 0.11661406

[twentyseventy]

Period 5, Day 3 Report - March 16, 2014

Balance Post Divs: BTC 452.69051414

Total Units: 3901

NAV/U: BTC 0.11604473

[twentyseventy]

Period 5, Day 4 Report - March 17, 2014

Balance Post Divs: BTC 456.30448406

Total Units: 3951

NAV/U: BTC 0.11549088

[twentyseventy]

Period 5, Day 5 Report - March 18, 2014

Balance Post Divs: BTC 454.67761899

Total Units: 3957

NAV/U: BTC 0.11490462

[twentyseventy]

Period 5, Day 6 Report - March 19, 2014

Balance Post Divs: BTC 453.87626732

Total Units: 3970

NAV/U: BTC 0.11432651

[twentyseventy]

Period 5, Day 7 Report - March 20, 2014

Balance Post Divs: BTC 462.54223187

Total Units: 4063

NAV/U: BTC 0.11384253


Markets are getting interesting today!

[twentyseventy]

Period 5, Day 8 Report - March 21, 2014

Balance Post Divs: BTC 461.55973089

Total Units: 4075

NAV/U: BTC 0.1132661916

[twentyseventy]

Period 5, Day 9 Report - March 22, 2014

Balance Post Divs: BTC 462.10981917

Total Units: 4100

NAV/U: BTC 0.11270971

[twentyseventy]

Period 5, Day 10 Report - March 23, 2014

Balance Post Divs: BTC 463.47418009

Total Units: 4132

NAV/U: BTC 0.11216703

[twentyseventy]

MINE Dividend was not scheduled in advance today just in case the Difficulty increased significantly. I have now scheduled it; it should be sent at ~1:05PM latest (about 1 hour from now). The script runs every hour, not sure if it will still catch it this hour.

Exchanges will be resumed after that time.

[twentyseventy]

Period 5, Day 11 Report - March 24, 2014

Balance Post Divs: BTC 478.20305694

Total Units: 4277

NAV/U: BTC 0.11180805


MINE Divs paid, will be exchanging the waiting shares now. Looks like the Difficulty will adjust tonight, so the SELL Div will be issued tomorrow at Noon.

[twentyseventy]

The Difficulty increased last night, so SELL dividend will be paid today. Just a reminder that I will be taking down the EXCH ask at 11AM, approximately 33 minutes from now.

[twentyseventy]

Period 5 End Report - March 25, 2014


Previous Units              3708
EXCH Sold                   671
Less Buybacks              0
New Total Units            4379

Previous Balance          438.74540600
Price per EXCH             0.11950724
Gross Sales of EXCH      80.18935804

Less Fees                    0.32075753
Less Dividends              28.26997008
Less Buybacks              0.00000000
Net Balance                  490.34403643


End of Period 5 NAV/U     0.11197625

New Difficulty                  5,006,860,589
New Daily Dividend      0.00050221
New Reserve                   0.10044200

NAV/U Less New Reserve = 0.11197625 - 0.10044200 = .01153425

SELL Dividend                 0.01153425

You'll notice that I calculate the new Dividend to eight digits and multiply that times 200 Days to get the new Reserve. Those of you that did your own calculations may come up with a slightly different number if you chose not to round or to round elsewhere.

New EXCH Sales Price          0.10144642


Divs will be scheduled for 12PM but, as always, wait until you get the email or see them in your account to assume that they've been paid. There can be a delay for a few minutes.

[twentyseventy]

Period 6, Day 0 Report - March 25, 2014

Balance Post Divs: BTC 437.63637809

Total Units: 4379

NAV/U: BTC 0.09993979

[eltopo]

Any progress on auto-exchange? The Havelock people don't seem of the fastest kind...

[twentyseventy]

Any progress on auto-exchange? The Havelock people don't seem of the fastest kind...

I'm still hounding them for it - from what I understand, over the last month they've had a lot of security upgrades and other upgrades that have taken priority over this. It's still my priority to get it done as well, since I've pretty much agreed that that needs to happen before I can begin taking a management fee. Last that I heard (yesterday), it's at the top of their tech department's list-

[twentyseventy]

Period 6, Day 1 Report - March 26, 2014

Balance Post Divs: BTC 459.86803751

Total Units: 4622

NAV/U: BTC 0.0994954646