If the fee for bitcoin changes rapidly, we may need to pay for priority because the signers will need time to sign.
Signed 5 of 5-of-8 by cryptog, Dhume, masterOfDisaster, disconnect, and maps and was broadcasted some time ago
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
To calculate the NuBits in circulation, I will start with all 3,215,406 blockchain NuBits:
date
Sat Jan 9 22:00:41 UTC 2016
nud -unit=B getinfo | grep supply
"moneysupply" : 3215406.0074,I don’t know how to determine the moneysupply at end of Friday UTC so I take the moneysupply from now.
The following are tier 4 funds that should be excluded:
BhCnQrYrA5LZm871dtMQEXeU93gmqbhdrC: 2,000,000
B5Zi5XJ1sgS6mWGu7bWJqGVnuXwiMXi7qj: 150,000
BFTnCyMX1nsTNp6X7Bcm1qVocvShdbwtMi: 103,104
BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js: 179,027
Using this method I arrive at 767,084 NBT in circulation.
15% of that sets the reserved tier 4 buy side funds at $115,062.
The BTC/USD exchange rate as of the end of Friday UTC was $454.11 (at Bitfinex).
Tier 4 buy side funds controlled by FLOT consisted of 150.03 BTC (20 BTC were transfered to the Poloniex gateway later).
Tier 4 buy side funds controlled by @JordanLee consisted of 442.7 BTC.
Tier 4 buy side funds total 592.73 BTC (valued $269,164).
$115,062 excluded from the share buyback calculation equals 253.38 BTC.
592.73 - 253.38 = 339.35 BTC sits in the share buyback pool.
10% of this (33.9 BTC) will be used for share buyback next week.
That is equivalent to approximately $15,410.
This will be the 16th weekly share buyback.
It is my understanding that FLOT will provide @NSRBuyback with the 33.9 BTC.
Assuming that
1PbsU6RsQjueUgtx2jC9oKaN62kXMjo8u5 is the @NSRBuyback deposit address at BTER and
128nNY1hpeiJkWGNPow5K48Acpaf8fpFYL the @NSRBuyback deposit address at Poloniex
I want to ask whether a transaction to transfer
23.9 BTC to 1PbsU6RsQjueUgtx2jC9oKaN62kXMjo8u5 and
10.0 BTC to 128nNY1hpeiJkWGNPow5K48Acpaf8fpFYL is expected by @NSRBuyback.
@NSRBuyback please confirm that this is according to your expectations
The transaction to transfer funds from FLOT to @NSRBuyback has been created and signed by me.
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 the signing continues, we need consent from @NSRBuyback.
FLOT members, please check the transaction thoroughly before signing it
Cross-posting at FLOT BTC Operations (buy side)
2 Likes
Tks a lot for the calculation. I am fine with it. I will sign the tx.
1 Like
I thank @masterOfDisaster for producing the the details of the weekly buybacks the last two weeks. He has improved the readability of of them. However, the report of how many shareholder BTC I hold omits this post where I reported sending 25 BTC to the Poloniex gateway:
The number of shareholder BTC I hold is 417.7, exactly 25 less than @masterOfDisaster has reported above.
3 Likes
The buyback should be 31.4 btc then.
I will wait for the creation of a tx with the correct amount then unless i can create one in the mean time.
You can find it in your debug.log or in the blockexplorer e.g.: https://blockexplorer.nu/blocks/694455/1
1 Like
Will @masterOfDisaster make a new sign’able tx?
or we could stick with the original tx because it’s not critical if there is a few btc off – we are burning 10% every time and burning 2btc too much this time only cause the to-be-burned 0.7% less. The important point is that the T4 reserved amount is unaffected.
1 Like
Recalculating based on what JordanLee reported
Tier 4 buy side funds controlled by @JordanLee consisted of 417.7 BTC.
Tier 4 buy side funds total 567.73 BTC (valued $257,812).
$115,062 excluded from the share buyback calculation equals 253.38 BTC.
567.73 - 253.38 = 314.35 BTC sits in the share buyback pool.
10% of this (31.4 BTC) will be used for share buyback next week.
I have generated a new Multisig for this week, and will post it to the FLOT BTC operations thread
I forgot that, sorry, although I was involved in that activity - more or less.
If we’d know which addresses hold the shareholder BTC, it could be checked when calculating the bayback amount.
That would make such slips less likely.
1 Like
At the end of 2016-01-15 there was this block:
https://blockexplorer.nu/blocks/703043/1
But where can I find the moneysupply?
My apologies, for some reason I thought the figure behind bits in that link was the amount of NuBits, but this is wrong.
Leaves your own debug.log, look for moneysupply and scroll or better search for the date/timestamp. Here is an output from my log:
SetBestChain: new best=475de447d1722ece358c height=702754 trust=955055279057 moneysupply(S)=829406044.2137 moneysupply(B)=3215400.2093
ProcessBlock: ACCEPTED
getblocks -1 to 00000000000000000000 limit 500
getblocks -1 to 00000000000000000000 limit 500
getblocks -1 to 00000000000000000000 limit 500
getblocks -1 to 00000000000000000000 limit 500
getblocks -1 to 00000000000000000000 limit 500
accepted liquidity info from BA9tumP4zyM1g2M8ZNieD2iAnMgdVPuQe3
accepted liquidity info from B8DZADD7UrMkzEmTWyvn2cEoxcnog1D8MK
accepted liquidity info from BA9tumP4zyM1g2M8ZNieD2iAnMgdVPuQe3
2016-01-15 23:59:29 UTC Flushing wallet.dat
So at 2016-01-15 23:59:29 UTC the NuBits moneysupply was: 3215400.2093
1 Like
Thank you for your efforts digging in the debug.log.
3,215,399 isn’t much different from 3215400.2093; some tx fees ate 1 NBT - that’s it.
Can the above post 14 days ago be used as a calculation template ? what about the gateway/two-way-bot address change and T3 addition ?
Why not continuing this:
I was asking to have the post converted to a wiki post (to make use of the formatting), but that hasn’t happened so far:
I think both the T3 custodian and the gateway funds should be considered as T4 (although they are currently used in T1-3).
oops forgot that one.
will the old wiki post contents be lost when someone edit it? old ones are records.
No, they won’t be lost. Look here:
For a better overview and history, it might be better to have a separate entry in the thread for each week. That makes it more clearly arranged.
But with the OP being a wiki post you could reuse the formatting and improve, amend, adjust that over time.
Edit: moving this to the NSR Buyback calculations thead.