JasherEnoch
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December 30, 2014, 07:54:33 PM |
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I have a question for twentyseventy. After the "End Game" does occur, are you going to do it again with BDD, the same or similar setup? I have enjoyed it greatly, and I strongly encourage you to do it again. I have had fun with it, as I hope you have and many others as well. Plus i hope it has been profitable for everyone.  Thanks, I'm glad you've found it helpful/useful/fun and I appreciate the comments. To be honest, I haven't decided yet - I know that some are looking for a more easily understood contract these days (with the prevalence of cloud mining, CEX GHS, etc). Depending on the difficulty, this could run for another few months or really for another full year. I'll begin nailing down my next steps, if any, when that time starts to come closer. Cheers  Well although I can't speak for everyone, I do have an account on CEX, and on their chat a lot of people were complaining of not making any money with buying the GHS's and the whole cloud mining. I myself gave it a hardy try, but even after a good 5 or 6 months I was still only loosing money with the cloud mining. I ended up selling all of my GHS's with a loss of about 1/2 of my investment. So doing the whole cloud mining thing (with CEX anyway) just did not work for me. The maintenance fees were killing me and that is why I lost money. I kept my account open just for trading purposes only. So far I have been investing in Bitcoin since Feb, 2014 and my best investments are with Havelock Investment funds. I doubt I will ever get back into any cloud mining at this point in time. |
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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twentyseventy (OP)
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Activity: 1386
Merit: 1000
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December 31, 2014, 03:32:43 PM |
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Well although I can't speak for everyone, I do have an account on CEX, and on their chat a lot of people were complaining of not making any money with buying the GHS's and the whole cloud mining. I myself gave it a hardy try, but even after a good 5 or 6 months I was still only loosing money with the cloud mining. I ended up selling all of my GHS's with a loss of about 1/2 of my investment. So doing the whole cloud mining thing (with CEX anyway) just did not work for me. The maintenance fees were killing me and that is why I lost money. I kept my account open just for trading purposes only. So far I have been investing in Bitcoin since Feb, 2014 and my best investments are with Havelock Investment funds. I doubt I will ever get back into any cloud mining at this point in time.
This year has been really tough for investment across the BTC space. So many have turned out very unprofitable or even outright scams; it's hard to believe that BTCT and Bitfunder closed down a year ago, I'm not sure if it feels like longer or shorter than that. Keep in mind with BDD that it's meant more as a hedging or speculating tool - there isn't any real hashpower behind it and there is a definite end-game / maximum payout that can be achieved. So many cloud mining operations, GHS included, do very poorly when BTC is low due to the maintenance fees, however. |
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twentyseventy (OP)
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Activity: 1386
Merit: 1000
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December 31, 2014, 04:19:14 PM
Last edit: December 31, 2014, 04:29:58 PM by twentyseventy |
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Period 27 End Report - December 31, 2014
Previous Units 20065
EXCH Sold 2658
Less Buybacks 0
New Total Units 22723
Previous Balance 182.61601119
Price per EXCH Variable
Gross Sales of EXCH 24.11966348
Less Fees 0.09639702
Less Dividends 19.46582280
Less Buybacks 0.00000000
Less Mgmt Fee 0.53027100
Net Balance 186.64318385
End of Period NAV/U 0.00821384
New Difficulty 40,640,955,017
New Daily Dividend 0.00006187
New Reserve per Unit 0.01237400
New Reserve Less NAV/U = 0.01237400 - 0.00821384 = -0.00416016
SELL Dividend None (Because NAV/U is less than 200 Days of Dividends)
Days of Dividends On Hand ~132.7
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 Starting Price 0.00839653
NOTE:
I believe that the EXCH trial run went well, I'll continue updating the price as the reports go out. This should be every day, but there have been a few exceptions in the past and there may be in the future. I want to be clear that those that purchase EXCH are doing so at that price willingly, I won't be doing any refunds (for the price difference) for units purchased after 12PM but before the new report is issued / EXCH price changed, for example.
Happy early New Year!
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twentyseventy (OP)
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Activity: 1386
Merit: 1000
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December 31, 2014, 04:29:26 PM |
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Period 28, Day 0 Report - December 31, 2014
Balance Post Divs: BTC 185.23731184
Total Units: 22723
NAV/U: BTC 0.00815197
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galdur
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December 31, 2014, 04:39:53 PM |
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Wonderful concept. This thread is required reading. Best of luck in 2015.
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twentyseventy (OP)
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Activity: 1386
Merit: 1000
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December 31, 2014, 04:51:29 PM |
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Wonderful concept. This thread is required reading. Best of luck in 2015.
Thanks, I appreciate it! |
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Coin.millionair
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December 31, 2014, 05:00:24 PM |
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Hey.
I just invested on Havelock yesterday.
Bought 11 B.SELL as a test.
Will get some more, if looks good...
QA:
How and when will i receive my first dividend ?
Thx.
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| Qtum | | ▄██▄▄▄▄▄▄▄▄▄██▄
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▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ and DAPP Platform ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ |
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rponder
Newbie
Offline
Activity: 6
Merit: 0
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December 31, 2014, 05:14:15 PM |
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have b mine div been posted yet?  |
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twentyseventy (OP)
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Activity: 1386
Merit: 1000
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December 31, 2014, 05:45:57 PM |
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have b mine div been posted yet? Havelock processed it late today, not sure why. Has posted now, though, and scheduled for next 10 days as usual- |
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rponder
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Activity: 6
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December 31, 2014, 06:02:55 PM |
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is the b mine fund yours?
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Coin.millionair
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December 31, 2014, 06:43:35 PM |
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Hey.
I just invested on Havelock yesterday.
Bought 11 B.SELL as a test.
Will get some more, if looks good...
QA:
How and when will i receive my first dividend ?
Thx.
Answer ? |
| Qtum | | ▄██▄▄▄▄▄▄▄▄▄██▄
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█
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| ....First UTXO Based PoS Smart Contract..
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ and DAPP Platform ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ |
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pumawolf
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December 31, 2014, 11:03:52 PM |
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Hey.
I just invested on Havelock yesterday.
Bought 11 B.SELL as a test.
Will get some more, if looks good...
QA:
How and when will i receive my first dividend ?
Thx.
Answer ? b.mine pays daily, if u bought b.sell, then it only pays when the its the diffuculty changes but it has to be a certain + percentage, i dont no the formula to calculating that. just look at the divendends page compare it to the diffculty change u will see when there is high diff change it pays out. |
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Coin.millionair
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January 01, 2015, 09:47:04 AM |
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Hey.
I just invested on Havelock yesterday.
Bought 11 B.SELL as a test.
Will get some more, if looks good...
QA:
How and when will i receive my first dividend ?
Thx.
Answer ? b.mine pays daily, if u bought b.sell, then it only pays when the its the diffuculty changes but it has to be a certain + percentage, i dont no the formula to calculating that. just look at the divendends page compare it to the diffculty change u will see when there is high diff change it pays out. Ok, then what are those daily dividends back in this thread ? Are they for B.mine ? eg. these: Period 27, Day 4 Report - December 21, 2014
Balance Post Divs: BTC 193.57457577
Total Units: 22032
NAV/U: BTC 0.00878606
Period 27, Day 5 Report - December 22, 2014
Balance Post Divs: BTC 192.17069673
Total Units: 22032
NAV/U: BTC 0.00872234
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| Qtum | | ▄██▄▄▄▄▄▄▄▄▄██▄
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| | |
█
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| ....First UTXO Based PoS Smart Contract..
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ and DAPP Platform ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ |
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rponder
Newbie
Offline
Activity: 6
Merit: 0
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January 01, 2015, 03:06:05 PM |
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yes, bmine
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twentyseventy (OP)
Legendary
Offline
Activity: 1386
Merit: 1000
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January 01, 2015, 06:34:45 PM |
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Hey.
I just invested on Havelock yesterday.
Bought 11 B.SELL as a test.
Will get some more, if looks good...
QA:
How and when will i receive my first dividend ?
Thx.
Answer ? B.MINE will receive daily dividends until the fund is exhausted; currently there are enough funds to pay for about 131 days of dividends at this current difficulty. As the difficulty changes, the payouts to B.MINE change as well. The goal of the fund is to keep 200 days of dividends on hand; if the difficulty changes (increases) enough that there are more than 200 days of dividends on hand, SELL will receive extra funds (over the 200 days worth) as a dividend. As you can see, 131 days of dividends is far lower than the optimal 200 days to have on hand, which is why SELL hasn't received a dividend in a while. This has happened because the difficulty has leveled off in the past few months, leaving relatively constant payouts and diminishing the funds available. As an aside, this is BDD working correctly, not a flaw. So, B.SELL may never receive another dividend; or, difficulty can increase significantly and SELL will then receive another dividend; the increase would have to outpace the payouts to B.MINE, however. |
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twentyseventy (OP)
Legendary
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Activity: 1386
Merit: 1000
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January 01, 2015, 06:39:50 PM |
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Period 28, Day 1 Report - January 1, 2015
Balance Post Divs: BTC 183.83954140
Total Units: 22724
NAV/U: BTC 0.00809010
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twentyseventy (OP)
Legendary
Offline
Activity: 1386
Merit: 1000
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January 02, 2015, 09:05:03 PM
Last edit: January 03, 2015, 08:46:49 PM by twentyseventy |
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Period 28, Day 2 Report - January 2, 2015
Balance Post Divs: BTC 182.44178077
Total Units: 22725
NAV/U: BTC 0.00802824
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twentyseventy (OP)
Legendary
Offline
Activity: 1386
Merit: 1000
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January 03, 2015, 08:46:38 PM |
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Period 28, Day 3 Report - January 3, 2015
Balance Post Divs: BTC 181.03578502
Total Units: 22725
NAV/U: BTC 0.00796637
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WhatsBitcoin
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January 03, 2015, 10:22:06 PM |
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I've looked at this thread at least 100 times and still try to make sense of it and what derivative investing is all about...Wish it was simply to understand. I get the concept that you are betting for or against the expected rate of hashing reward for the mining farm in question here, but don't understand how you can evaluate successfully and profitably when the time to get out would be (or what you would use to judge that). You keep taking in dividends but at the same time the principle is depreciating.
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Get sick. Get well.
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twentyseventy (OP)
Legendary
Offline
Activity: 1386
Merit: 1000
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January 04, 2015, 05:59:38 PM |
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Period 28, Day 4 Report - January 4, 2015
Balance Post Divs: BTC 180.55206479 Total Units: 22841 NAV/U: BTC 0.00790473I've looked at this thread at least 100 times and still try to make sense of it and what derivative investing is all about...Wish it was simply to understand. I get the concept that you are betting for or against the expected rate of hashing reward for the mining farm in question here, but don't understand how you can evaluate successfully and profitably when the time to get out would be (or what you would use to judge that). You keep taking in dividends but at the same time the principle is depreciating.
Will be back on later today to see if I can help clear up some confusion for you-
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