[Havelock] Bitcoin Difficulty Derivative (BDD)

[twentyseventy]

Period 23, Day 3 Report - October 26, 2014

Balance Post Divs: BTC 207.22770774

Total Units: 16832

NAV/U: BTC 0.01231153

[1714606522]

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[twentyseventy]

Period 23, Day 4 Report - October 27, 2014

Balance Post Divs: BTC 207.42400782

Total Units: 16941

NAV/U: BTC 0.01224390

[twentyseventy]

Period 23, Day 5 Report - October 28, 2014

Balance Post Divs: BTC 209.18649016

Total Units: 17175

NAV/U: BTC 0.01217970

[twentyseventy]

Period 23, Day 6 Report - October 29, 2014

Balance Post Divs: BTC 211.86431140

Total Units: 17483

NAV/U: BTC 0.01211830

[twentyseventy]

Period 23, Day 7 Report - October 30, 2014

Balance Post Divs: BTC 210.75608765

Total Units: 17492

NAV/U: BTC 0.01204871

[eltopo]

Thanks for constantly updating this.

As the hashrate is heading towards 300 PH/s, can you please explain the difficulty change that is needed for a SELL dividend?

[twentyseventy]

Thanks for constantly updating this.

As the hashrate is heading towards 300 PH/s, can you please explain the difficulty change that is needed for a SELL dividend?

Sure thing. I'm actually traveling this weekend so updates will come today and Sunday or will do all catch up on Sunday night.

The replacement value of any period is about a 6.5% difficulty increase. Obviously the last few periods have been running a deficit; will run the numbers on Sunday or Monday to let you know exactly what kind of increase is needed this time around for a SELL div.

[twentyseventy]

Period 23, Day 8 Report - October 31, 2014

Balance Post Divs: BTC 211.05735815

Total Units: 17613

NAV/U: BTC 0.01198304

[twentyseventy]

Thanks for constantly updating this.

As the hashrate is heading towards 300 PH/s, can you please explain the difficulty change that is needed for a SELL dividend?

Sure thing. I'm actually traveling this weekend so updates will come today and Sunday or will do all catch up on Sunday night.

The replacement value of any period is about a 6.5% difficulty increase. Obviously the last few periods have been running a deficit; will run the numbers on Sunday or Monday to let you know exactly what kind of increase is needed this time around for a SELL div.

Okay, my handy dandy excel sheet is telling me that the difficulty needs to increase about 18 - 19% this period for a SELL dividend to be paid. We started this period at about 180 days worth of dividends, so that's a lot of BTC to make up in one period. Today's spike is pretty interesting, though - wonder if it will last!

[twentyseventy]

Period 23, Day 9 Report - November 1, 2014

Balance Post Divs: BTC 209.90228014

Total Units: 17619

NAV/U: BTC 0.01191340

[twentyseventy]

Period 23, Day 10 Report - November 2, 2014

Balance Post Divs: BTC 208.68383099

Total Units: 17620

NAV/U: BTC 0.01184357

[twentyseventy]

Period 23, Day 11 Report - November 3, 2014

Balance Post Divs: BTC 207.45272159

Total Units: 17620

NAV/U: BTC 0.01177370

[NotLambchop]

Hey twentyseventy.  It seems some folks are looking for your friend ABitInterested, the one with the legit offline business.
Care to help them?
Or?

[twentyseventy]

Hey twentyseventy.  It seems some folks are looking for your friend ABitInterested, the one with the legit offline business.
Care to help them?
Or?

Will be pushing him this week to get his act together; otherwise I will be releasing his personal information so that people can seek to be made whole financially in whatever way they see fit. If I choose to do so, that is my prerogative and I will do so when I feel the time is appropriate.

Not happy with him myself; I still have yet to recoup my initial investment.

[twentyseventy]

Period 23, Day 12 Report - November 4, 2014

Balance Post Divs: BTC 206.29715450

Total Units: 17626

NAV/U: BTC 0.01170413

[twentyseventy]

Have some business to attend to today so I will be removing EXCH at around 10AM instead of 11. Will be putting EXCH ask back up as soon after 12 as possible.

[twentyseventy]

Period 23 End Report - November 5, 2014


Previous Units              16336
EXCH Sold                   1290
Less Buybacks              0
New Total Units        17626

Previous Balance          205.60896969
Price per EXCH             0.01296383
Gross Sales of EXCH      16.72334070

Less Fees                    0.06689344
Less Dividends              15.64354365
Less Buybacks              0.00000000
Less Mgmt Fee              0.32471880
Net Balance            206.29715450

End of Period NAV/U     0.01170413

New Difficulty                  39,603,666,252
New Daily Dividend         0.00006349
New Reserve per Unit        0.01269800

New Reserve Less NAV/U = 0.01170413 - 0.01269800 = -0.00099387


SELL Dividend                 None (Because NAV/U is less than 200 Days of Dividends)

Days of Dividends On Hand    ~184

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          0.01205525

[twentyseventy]

Period 24, Day 0 Report - November 5, 2014

Balance Post Divs: BTC 205.17807976

Total Units: 17626

NAV/U: BTC 0.01164064

[EnJoyThis]

Hi Twentyseventy,

I don't know how your excel sheet works but would it be much effort to post with every diff change how much next diff change should be in order to receive dividend.

Would help alot of ppl.

Cheers,
EnJoyThis

[twentyseventy]

Period 24, Day 1 Report - November 6, 2014

Balance Post Divs: BTC 209.12156265

Total Units: 18059

NAV/U: BTC 0.01157990