I need some help!
Today i got out of Cryptostocks because, as you may know, their wallet has been offline twice and since they seem to have something to do with Vicurex, i just don't really trust them anymore.
Now I got my money into Havelock and B.Mine looked good to me. So i bought. THEN I did some research and I noticed that I have no Idea what is going on and I sold again. Stupid enough, but I actually made 0.03 BTC profit because the price jumped from 0.00213 to 0.00234 or something. Lucky me, I guess.
I've read the first page, explaining what BDD is, but I don't really get it. Can someone explain to me, if it is a good Idea to buy B.Mine that late into its lifetime? If I understand correctly, there are 200 Dividends in B.Mine, then the Issuer will force-buy it back at a rather small price. For me this looks like I can only make back 20 % of my original investment by now.
So if I want to go into B.Mine at this point - Is that a wise desicion, or the worst ever?
Hi Chellger, I'll be happy to help. Quite busy at work at the minute, but to start you out - each share of B.MINE represents a theoretical 5GH/s miner.
If someone offered to sell you a 5GH/s miner, what would you pay for it? You'd probably head to a mining calculator, right? (
https://bitcoinwisdom.com/bitcoin/calculator)
So, start there. There's no way to know the 'true value' to a 5GH/s miner right now - its value will depend on how much the difficulty increases/decreases in the future. It's purely an educated guess at the moment.
This will give you a good idea of the actual value of that B.MINE share that you hold. Regarding the End-Games - this just means that, once each daily MINE dividend has reached 100 Satoshis or less (currently it is 21388 Satoshis per day), then all MINE shares will be bought back for 200 days of dividends (which will be around 20000 Satoshis Total).
Basically, when the daily dividends get to be super small, we call the game and pay out 200 Days of Dividends to MINE. SELL receives the rest, if any. This assumes that the Difficulty continues to increase.