[Havelock] Bitcoin Difficulty Derivative (BDD)

[twentyseventy]

Period 19, Day 5 Report - September 6, 2014

Balance Post Divs: BTC 273.39005795

Total Units: 15371

NAV/U: BTC 0.01778609

[1714608309]

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[btc_investment]

I'm interested 

[twentyseventy]

Period 19, Day 6 Report - September 7, 2014

Balance Post Divs: BTC 271.99934851

Total Units: 15372

NAV/U: BTC 0.01769446

I'm interested 

Well, be sure to understand it before you purchase - let us know if you have any questions.

[twentyseventy]

Period 19, Day 7 Report - September 8, 2014

Balance Post Divs: BTC 270.59019727

Total Units: 15372

NAV/U: BTC 0.01760279

[twentyseventy]

Period 19, Day 8 Report - September 9, 2014

Balance Post Divs: BTC 269.18104603

Total Units: 15372

NAV/U: BTC 0.01751112

[RoninMD]

The difficulty in mining has gotten so high that small miners like myself have to shut down.  Even at it's current price of .010739, b.mine still is a lot cheaper than cex.io and the dividend is consistent.   In hindsight I should have invested the money I put into the miners into b.exch instead.

[twentyseventy]

Period 19, Day 9 Report - September 10, 2014

Balance Post Divs: BTC 267.80859506

Total Units: 15374

NAV/U: BTC 0.01741957

[twentyseventy]

The difficulty in mining has gotten so high that small miners like myself have to shut down.  Even at it's current price of .010739, b.mine still is a lot cheaper than cex.io and the dividend is consistent.   In hindsight I should have invested the money I put into the miners into b.exch instead.

Yes, one of the continued benefits of B.MINE is that there are no maintenance costs - MINE itself may not be profitable in the long run (no one will know until all is said and done, of course), but there are no overhead costs to sap the mining payout (like PETA, CEX, etc, which are backed by actual hardware).

[mvalley]

I'm also a huge fan of BDD. It's like the futures market where you can benefit from commodity appreciation without all of the physical burdens of holding an actual commodity.

[twentyseventy]

Period 19, Day 10 Report - September 11, 2014

Balance Post Divs: BTC 266.52771142

Total Units: 15381

NAV/U: BTC 0.01732837

I'm also a huge fan of BDD. It's like the futures market where you can benefit from commodity appreciation without all of the physical burdens of holding an actual commodity.

 

[twentyseventy]

Period 19, Day 11Report - September 12, 2014

Balance Post Divs: BTC 265.11773515

Total Units: 15381

NAV/U: BTC 0.01723670

[twentyseventy]

Period 19, Day 12 Report - September 13, 2014

Balance Post Divs: BTC 263.92796049

Total Units: 15393

NAV/U: BTC 0.01714597

[twentyseventy]

Period 19 End Report - September 14, 2014


Previous Units              15210
EXCH Sold                   183
Less Buybacks              0
New Total Units            15393

Previous Balance          278.86025107
Price per EXCH             0.01888402
Gross Sales of EXCH      3.45577566

Less Fees                    0.01382311
Less Dividends              18.30714069
Less Buybacks              0
Less Mgmt Fee              0.06710244
Net Balance                  263.92796049

End of Period NAV/U     0.01714597

New Difficulty                  29,829,733,124
New Daily Dividend         0.00008429
New Reserve per Unit        0.01685800

NAV/U Less New Reserve = 0.01714597 - 0.01685800 = 0.00028797

SELL Dividend                 0.00028797

Days of Dividends On Hand    ~203.4 (Before Sell Div)

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          0.01736374

[twentyseventy]

Period 20, Day 0 Report - September 14, 2014

Balance Post Divs: BTC 258.19776231

Total Units: 15393

NAV/U: BTC 0.01677371

[twentyseventy]

Period 20, Day 1 Report - September 15, 2014

Balance Post Divs: BTC 256.98465052

Total Units: 15398

NAV/U: BTC 0.01668948

[twentyseventy]

Period 20, Day 2 Report - September 16, 2014

Balance Post Divs: BTC 250.73841055

Total Units: 15093

NAV/U: BTC 0.01661289

[twentyseventy]

Period 20, Day 3 Report - September 17, 2014

Balance Post Divs: BTC 249.43349174

Total Units: 15091

NAV/U: BTC 0.01652862

[twentyseventy]

Period 20, Day 4 Report - September 18, 2014

Balance Post Divs: BTC 248.16147135

Total Units: 15091

NAV/U: BTC 0.01644433

[twentyseventy]

Period 20, Day 5 Report - September 19, 2014

Balance Post Divs: BTC 246.88945096

Total Units: 15091

NAV/U: BTC 0.01636004

[twentyseventy]

Period 20, Day 6 Report - September 20, 2014

Balance Post Divs: BTC 245.61743057

Total Units: 15091

NAV/U: BTC 0.01627575