Just checked the address today. Can't believe that it took 3.5 years and it's now finally moving... Interesting that, now that BTC is back over $1K he/she is finally moving it...

Thus concludes BDD. Thanks and good fortune to all!

** sigh **

Sorry, still waiting on Havelock here.... The funds are still sitting there....

Contacting Havelock again and will update in a week either way-

Text of my email:

Hi All, close-out is in progress. About 2/3 of the shares have been exchanged for BTC; the rest should be done next week - Havelock has to move funds from EXCH to MINE; that's all we're waiting on.

The funds are still in the account - Havelock is just extremely slow to get back to me (as evidenced by the last time when I had to pause payouts because they hadn't done the transfer).

I'm going to email them again - will post an update when I have more information! Thanks-

Thank you for being a part of it! I'm still waiting on Havelock to confirm with me; I'll post an update as soon as I hear back! Another reason that I wont have another round.


Thank you very much!

Hi All, dividends have been paid through the 9th. Since we have so few days left before the end of the round, I'm going to go ahead and end the round and pay out the current NAV/U to MINE. It's just simpler than scheduling a dividend today for 7 days of dividends, starting a new round, scheduling those dividends, etc, when it's all going to be paid out to MINE anyway.

Final NAV/U after the dividend of the 9th is 0.00347322

So, per the contract, trade will be stopped on EXCH/MINE/SELL and all MINE will be bought back for 0.00347322 each and SELL will be bought back for 0.

I appreciate everyone who participated over the last three (!) years - unfortunately, BDD never quite became the tool for miners/traders/etc to hedge their positions against rising or stagnating difficulty and the complexity of the contract proved a very high barrier to entry.

I wish you all luck and good fortune!

-2070

Round 3, Period 24, Day 3 Report - January 1, 2017

Balance Post Divs: BTC 15.43531186

Total Units: 3029

NAV/U: BTC 0.00509584

Happy New Year, everyone!

Thanks to everyone for their patience. We a little over three weeks of dividends left and this will be the last round of BDD. Thank you to everyone who has participated over the last few years!


No, the price doesn't have anything to do with the difficulty (strictly) - https://bitcoinwisdom.com/bitcoin/difficulty

Over time, the increased price will probably lead to increased investment in mining equipment, but that takes a while to spin up.

Round 3, Period 24, Day 0 Report - December 29, 2016

Balance Post Divs: BTC 17.23335654

Total Units: 3029

NAV/U: BTC 0.00568945

Round 3, Period 24, Day 1 Report - December 30, 2016

Balance Post Divs: BTC 16.63400831

Total Units: 3029

NAV/U: BTC 0.00549158

Round 3, Period 24, Day 2 Report - December 31, 2016

Balance Post Divs: BTC 16.03466008

Total Units: 3029

NAV/U: BTC 0.00529371

Round 3, Period 23 End Report - December 29, 2016

Previous Units              2992
EXCH Sold                   37
Less Buybacks              0
New Total Units        3029

Previous Balance          25.49873056
Gross Sales of EXCH      0.23529590

Less Fees                    0.00094118
Less Dividends              8.49958848
Less Buybacks              0.00000000
Less Mgmt Fee              0.02348999
Net Balance            17.21000681

End of Period NAV/U     0.00568174

New Difficulty                  317,688,400,354
New Daily Dividend         0.00019787
New Reserve per Unit        0.03561660


NAV/U less New Reserve = 0.00568174  - 0.03561660 = -0.02993486

SELL Dividend                 0 (Because there are less than 180 days of dividends on hand)

Days of Dividends On Hand   28.7

Round 3, Period 23, Day 12 Report - December 27, 2016

Balance Post Divs: BTC 18.25782993

Total Units: 2998

NAV/U: BTC 0.00609000

Round 3, Period 23, Day 13 Report - December 28, 2016

Balance Post Divs: BTC 17.66192142

Total Units: 3000

NAV/U: BTC 0.00588730

Round 3, Period 23, Day 4 Report - December 19, 2016

Balance Post Divs: BTC 23.08806083

Total Units: 2994

NAV/U: BTC 0.00771144

Round 3, Period 23, Day 5 Report - December 20, 2016

Balance Post Divs: BTC 22.48123691

Total Units: 2994

NAV/U: BTC 0.00750876

Round 3, Period 23, Day 6 Report - December 21, 2016

Balance Post Divs: BTC 21.87441299

Total Units: 2994

NAV/U: BTC 0.00730608

Round 3, Period 23, Day 7 Report - December 22, 2016

Balance Post Divs: BTC 21.26758907

Total Units: 2994

NAV/U: BTC 0.00710340

Round 3, Period 23, Day 8 Report - December 23, 2016

Balance Post Divs: BTC 20.68503379

Total Units: 2998

NAV/U: BTC 0.00689961

Round 3, Period 23, Day 9 Report - December 24, 2016

Balance Post Divs: BTC 20.08073385

Total Units: 2998

NAV/U: BTC 0.00669804

Round 3, Period 23, Day 10 Report - December 25, 2016

Balance Post Divs: BTC 19.47309921

Total Units: 2998

NAV/U: BTC 0.00649536

Round 3, Period 23, Day 11 Report - December 26, 2016

Balance Post Divs: BTC 18.86546457

Total Units: 2998

NAV/U: BTC 0.00629268

Round 3, Period 23, Day 2 Report - December 17, 2016

Balance Post Divs: BTC 24.28547480

Total Units: 2992

NAV/U: BTC 0.00811680

Round 3, Period 23, Day 3 Report - December 18, 2016

Balance Post Divs: BTC 23.69405204

Total Units: 2994

NAV/U: BTC 0.00791384

Round 3, Period 23, Day 1 Report - December 16, 2016

Balance Post Divs: BTC 24.89189336

Total Units: 2992

NAV/U: BTC 0.00831948

Round 3, Period 23, Day 0 Report - December 15, 2016

Balance Post Divs: BTC 25.49831192

Total Units: 2992

NAV/U: BTC 0.00852216

Round 3, Period 22 End Report - December 15, 2016

Previous Units              2983
EXCH Sold                   9
Less Buybacks              0
New Total Units        2992

Previous Balance          33.92387835
Gross Sales of EXCH      0.09524648

Less Fees                    0.00038099
Less Dividends              8.51433561
Less Buybacks              0.00000000
Less Mgmt Fee              0.00567767
Net Balance            25.49873056

End of Period NAV/U     0.0085223030

New Difficulty                  310,153,855,703
New Daily Dividend         0.00020268
New Reserve per Unit        0.03648240


NAV/U less New Reserve = 0.00852230  - 0.03648240 = -0.02796010

SELL Dividend                 0 (Because there are less than 180 days of dividends on hand)

Days of Dividends On Hand   42.04

Round 3, Period 22, Day 12 Report - December 14, 2016

Balance Post Divs: BTC 26.10473048

Total Units: 2992

NAV/U: BTC 0.00872484

Round 3, Period 22, Day 11 Report - December 13, 2016

Balance Post Divs: BTC 26.76038884

Total Units: 2992

NAV/U: BTC 0.00894398

Round 3, Period 22, Day 4 Report - December 6, 2016

Balance Post Divs: BTC 31.30961239

Total Units: 2988

NAV/U: BTC 0.01047845

Round 3, Period 22, Day 5 Report - December 7, 2016

Balance Post Divs: BTC 30.65482685

Total Units: 2988

NAV/U: BTC 0.01025931

Round 3, Period 22, Day 6 Report - December 8, 2016

Balance Post Divs: BTC 29.99982737

Total Units: 2988

NAV/U: BTC 0.01004010

Round 3, Period 22, Day 7 Report - December 9, 2016

Balance Post Divs: BTC 29.34482789

Total Units: 2988

NAV/U: BTC 0.00982089

Round 3, Period 22, Day 8 Report - December 10, 2016

Balance Post Divs: BTC 28.71615012

Total Units: 2991

NAV/U: BTC 0.00960085

Round 3, Period 22, Day 9 Report - December 11, 2016

Balance Post Divs: BTC 28.06297682

Total Units: 2991

NAV/U: BTC 0.00938247

Round 3, Period 22, Day 10 Report - December 12, 2016

Balance Post Divs: BTC 27.40731971

Total Units: 2991

NAV/U: BTC 0.00916326

Round 3, Period 21 End Report - December 2, 2016

Previous Units              2955
EXCH Sold                   209
Less Buybacks              0
New Total Units        2955

Previous Balance          42.83403368
Gross Sales of EXCH      0.35032284

Less Fees                    0.00140129
Less Dividends              9.24312852
Less Buybacks              0.00000000
Less Mgmt Fee              0.01594836
Net Balance            33.92387835

End of Period NAV/U     0.01137240

New Difficulty                  286,765,766,821
New Daily Dividend         0.00021921
New Reserve per Unit        0.03945780


NAV/U less New Reserve = 0.01137240  - 0.03945780 = -0.02808540

SELL Dividend                 0 (Because there are less than 180 days of dividends on hand)

Days of Dividends On Hand   51.87

Hey guys, Havelock made the transfer! So, today I will pay dividends for 12/2, 12/3, 12/4, and 12/5. Thanks-


Round 3, Period 22, Day 0 Report - December 2, 2016

Balance Post Divs: BTC 33.87304658

Total Units: 2983

NAV/U: BTC 0.01135536

Round 3, Period 22, Day 1 Report - December 3, 2016

Balance Post Divs: BTC 33.21914315

Total Units: 2983

NAV/U: BTC 0.01113615

Round 3, Period 22, Day 2 Report - December 4, 2016

Balance Post Divs: BTC 32.56523972

Total Units: 2983

NAV/U: BTC 0.01091694

Round 3, Period 22, Day 3 Report - December 5, 2016

Balance Post Divs: BTC 31.91133629

Total Units: 2983

NAV/U: BTC 0.01069773