Supply, Reserves, and Equilibrium (superseded by automation)

Liquidity
#247

it gives [ 1098952477] NSR but I am wondering if there are no NSR that are frozen somehow somewhere.

#249

v 0.10.2

Nushares buyback calculation as of Sun Jul 31 00:22:53 UTC 2016
blocks":987993
Total NBT = 1250037.2904

Uncirculating Nubits

Total NBT in circulation is 580653.667800 NBT.

Tier 4 Funds

bitfinex BTC mid price is 654.025 USD
btc-e PPC average price is 0.00059 BTC
Poloniex NBT/BTC 0.00123435 $ 0.807296
The following calculations use 1 NBT = $1.

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $16836.539839 (25.742961 BTC)

Of the 580653.667800 NBT in circulation, 580653.667800 - 0.000000(NuSafe) = 580653.667800 NBT are outstanding.

100.00 percent of outstanding Nubits, 580653.667800 NBT (887.815707 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 887.815707 = -862.072746 BTC (16836.539839 - 580653.667800 = -563817.127961 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -43.1036 BTC (~ -28190.86 NBT)

Standard < -2500: Sell 28190.86 NBT (43.1036 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.100000
PPC Standard is -2903.268339 NBT

Standard x F (-2819.085640) < -1000: Sell -2819.09 NBT (4.3104 BTC) amount of PPC next week.

[updated with working block chain data]

2 Likes
#250

v0.11 add and use bitstamp last price for BTC/USD

Nushares buyback calculation as of Sat Aug 6 01:44:47 UTC 2016
blocks":996223
Total NBT = 1211837.7117

Uncirculating Nubits

Total NBT in circulation is 542454.089100 NBT.

Tier 4 Funds

bitstamp BTC last price is 578.00000 USD
btc-e PPC average price is 0.000625 BTC
Poloniex NBT/BTC 0.00124460 $ 0.719379
The following calculations use 1 NBT = $1.

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $14879.431256 (25.742961 BTC)

Of the 542454.089100 NBT in circulation, 542454.089100 - 0.000000(NuSafe) = 542454.089100 NBT are outstanding.

100.00 percent of outstanding Nubits, 542454.089100 NBT (938.501884 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 938.501884 = -912.758924 BTC (14879.431256 - 542454.089100 = -527574.657844 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -45.6379 BTC (~ -26378.73 NBT)

Standard < -2500: Sell 26378.73 NBT (45.6379 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.100000
PPC Standard is -2712.270446 NBT

Standard x F (-2637.873289) < -1000: Sell -2637.87 NBT (4.5638 BTC) amount of PPC next week.

#251

Nushares buyback calculation as of Sat Aug 13 03:17:04 UTC 2016
blocks":1006415
Total NBT = 1211991.5298

Uncirculating Nubits

Total NBT in circulation is 542607.907200 NBT.

Tier 4 Funds

bitstamp BTC last price is 581.86000 USD
btc-e PPC average price is 0.00061 BTC
Poloniex NBT/BTC 0.00116767 $ 0.67942
The following calculations use 1 NBT = $1.

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $14978.799084 (25.742961 BTC)

Of the 542607.907200 NBT in circulation, 542607.907200 - 0.000000(NuSafe) = 542607.907200 NBT are outstanding.

100.00 percent of outstanding Nubits, 542607.907200 NBT (932.540314 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 932.540314 = -906.797354 BTC (14978.799084 - 542607.907200 = -527629.108116 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -45.3399 BTC (~ -26381.46 NBT)

Standard < -2500: Sell 26381.46 NBT (45.3399 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.100000
PPC Standard is -2713.039536 NBT

Standard x F (-2638.145541) < -1000: Sell -2638.15 NBT (4.5340 BTC) amount of PPC next week.

2 Likes
Bull market breakout in US NuBits underway
#252

@mhps not any update ?

#253

There is not enough interest.

#254

can you show the github link about the shell script ?

#255

It’s https://github.com/mh001/buybackcalc

Just did a run

Nushares buyback calculation as of Sat Sep 10 13:21:34 UTC 2016
blocks":1047124
Total NBT = 1138994.8992

Uncirculating Nubits

Total NBT in circulation is 469611.276600 NBT.

Tier 4 Funds

bitstamp BTC last price is 622.63000 USD
btc-e PPC average price is 0.00053 BTC
Poloniex NBT/BTC 0.00158684 $ 0.988014
The following calculations use 1 NBT = $1.

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $16028.339590 (25.742961 BTC)

Of the 469611.276600 NBT in circulation, 469611.276600 - 0.000000(NuSafe) = 469611.276600 NBT are outstanding.

100.00 percent of outstanding Nubits, 469611.276600 NBT (754.238113 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 754.238113 = -728.495153 BTC (16028.339590 - 469611.276600 = -453582.937010 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -36.4248 BTC (~ -22679.15 NBT)

Standard < -2500: Sell 22679.15 NBT (36.4248 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.100000
PPC Standard is -2348.056383 NBT

Standard x F (-2267.914685) < -1000: Sell -2267.91 NBT (3.6425 BTC) amount of PPC next week.

4 Likes
Liquidity Operations
#256

In three days there are ~400 nbt created as

becomes 5582.6446

#257

Nushares buyback calculation as of Sun Oct 2 12:25:41 UTC 2016
Blockheight is set to 1078910
Moneysupply is set to 1139573.4754

Total NBT = 1139573.4754

Uncirculating Nubits

Total NBT in circulation is 500189.862800 NBT.

Tier 4 Funds

bitstamp BTC last price is 608.90000 USD
btc-e PPC average price is 0.000505 BTC
Poloniex NBT/BTC 0.00163659 $ 0.99652
The following calculations use 1 NBT = $1.

Tier 4 buy side funds 0.000000 BTC, 0.000000 PPC, and $0.000000, valued $0.000000 (0.000000 BTC)

Of the 500189.862800 NBT in circulation, 500189.862800 - 0.000000(NuSafe) = 500189.862800 NBT are outstanding.

100.00 percent of outstanding Nubits, 500189.862800 NBT (821.464711 BTC), are reserved and excluded from the share buyback calculation.

0.000000 - 821.464711 = -821.464711 BTC (0.000000 - 500189.862800 = -500189.862800 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -41.0732 BTC (~ -25009.49 NBT)

Standard < -2500: Sell 25009.49 NBT (41.0732 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.100000
PPC Standard is -2500.949314 NBT

Standard x F (-2500.949314) < -1000: Sell -2500.95 NBT (4.1073 BTC) amount of PPC next week.

1 Like
#258

Blockheight is 1153392
Total US-NBT = 1,136,548.86

Shareholder controlled US-NBT

  • FSRT singlesig
    Balance of BFTnCyMX1nsTNp6X7Bcm1qVocvShdbwtMi is 151500 NBT

  • JordanLee singlesig
    Balance of B5Zi5XJ1sgS6mWGu7bWJqGVnuXwiMXi7qj is 150000 NBT

  • JordanLee singlesig from liquidity ops
    Balance of BT9AWq9r1i6kghZc6LtrvNb2wRFh7JLCdP is 34526.124 NBT

  • FLOT 3-of-5 multisig
    Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 303357.4886 NBT

  • Liquidity Operations
    Balance of BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a is 122287.506 US-NBT (corrected value is 66303.3857*)

  • Liquidity Operations
    Balance of addresses listed here is 143465.96 US-NBT

  • Liquidity Operations
    Poloniex balance is 73844.00 US-NBT

  • Liquidity Operations
    Bittrex balance is 3018.66 US-NBT

  • NuLagoon
    Balance is 27777.00 US-NBT

  • Total parked US-NBT is 9351.5746.

Total US-NBT in circulation is 117420.54. (corrected value is 173404.6603)

Reserves (in US-NBT)

  • Poloniex: 10003.95
  • NuLagoon: 2225.10
  • Bittrex: 1970.84

Total Tier 1 reserves: 14199.89
Total Tier 4 reserves: 0
The primary reserves in tier 5 and 6 are undefined, but monthly liquidity of NSR is currently 291,209 US-NBT

We are required to have 56,986.82 (corrected value is 82,943.68) US-NBT in tier 1 through 4 reserves. This means that as soon as 42,786.93 (corrected value is 68,743.79) US-NBT is raised through NSR, US-NBT or CN-NBT sales on a combined basis, any additional funds raised can go to NSR buyback, less any additional reserve requirements or funds spent going forward.

  • (Edit) The balance reported for blockchain address BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a was outdated as reported on November 24th. The original erroneous figure and the corrected value now appear. The error could have spotted by anyone conducting a brief check of the figures by checking the balance reported in a publicly available blockchain explorer. Calculating these figures is a task I have been reluctant to take on personally. I had invited and mhps had agreed to provide these figures in recent times, but he actually did not do so. I had individually invited two others I thought would be likely and able to do the task above as well, but final figures were not to be had that way. Consistent with my habit of filling important shareholder needs where there are gaps, I provided what was needed in the most efficient way possible. It was the first calculation using this method, so an oversight is not exactly unexpected.
1 Like
We have demonstrated Nu can buy back every NuBit in circulation
#259

@masterOfDisaster can easily reduce the $69,000 we need to start NSR buybacks to $59,000 by transferring the NuShare holder funds he is in possession of (13 BTC) to the Poloniex gateway at 1L55nYrmDEVSmwrLRBkXDCRc7kRJ9YDKVP. The funds will be immediately placed on the buy side.

@masterOfDisaster, what is your reason for withholding these shareholder funds that were earmarked solely for liquidity operations?

Should we be calling these stolen funds at this point?

1 Like
#260

As Chief of Liquidity Operations, I am requesting that all of the above funds be transferred to liquidity operations address BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a, an address I have the key to. They are all shareholders funds earmarked for liquidity operations.

@jooize, I would like you to send 100,000 US-NBT there as well.

FLOT US-NBT Operations (sell side)
#261

Blockheight is 1160588
Total US-NBT = 1,136,561.74

Shareholder controlled US-NBT

  • FLOT 3-of-5 multisig
    Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 303357.4886 NBT
  • Liquidity Operations
    Balance of BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a is 505328.7356 US-NBT
  • Liquidity Operations
    Balance of addresses listed here is 48901.39 US-NBT
  • Liquidity Operations
    Poloniex balance is 72904.65 US-NBT
  • Liquidity Operations
    Bittrex balance is 3716.42 US-NBT
  • NuLagoon
    Balance is 27777.00 US-NBT
  • Total parked US-NBT is 9366.57

Total US-NBT in circulation is 165,209.49

Reserves (in US-NBT)

  • Poloniex: 10045.31
  • NuLagoon: 2199.87
  • Bittrex: 2484.03

Total Tier 1 reserves: 14729.21
Total Tier 4 reserves: 0
The primary reserves in tier 5 and 6 are undefined, but monthly liquidity of NSR is currently 234,462 US-NBT

We are required to have 79,192.97 US-NBT in tier 1 through 4 reserves. This means that as soon as 64,463.76 US-NBT is raised through NSR, US-NBT or CN-NBT sales on a combined basis, any additional funds raised can go to NSR buyback, less any additional reserve requirements or funds spent going forward.

[Poll] When do you think the next NSR buyback will occur?
#262

Blockheight is 1174033
Total US-NBT = 1,141,159.11

Shareholder controlled US-NBT

  • FLOT 3-of-5 multisig
    Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 303357.4886 NBT
  • Liquidity Operations
    Balance of BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a is 505328.7356 US-NBT
  • Liquidity Operations
    Balance of addresses listed here is 73371.73 US-NBT
  • Liquidity Operations
    Poloniex balance is 72904.65 US-NBT
  • Liquidity Operations
    Bittrex balance is 2500.63 US-NBT
  • NuLagoon
    Balance is 27777.00 US-NBT
  • Total parked US-NBT is 9365.74

Total US-NBT in circulation is 146,553.12

Reserves (in US-NBT)

  • Poloniex: 8968.72
  • NuLagoon: 2278.53
  • Bittrex: 1511.48

Total Tier 1 reserves: 12758.73
Total Tier 4 reserves: 0
The primary reserves in tier 5 and 6 are undefined, but monthly liquidity of NSR is currently 218,528 US-NBT

We are required to have 70,591.83 US-NBT in tier 1 through 4
reserves. This means that as soon as 57,833.10 US-NBT is raised through NSR, US-NBT or CN-NBT sales on a combined basis, any additional funds raised can go to NSR buyback, less any additional reserve requirements or funds spent going forward.

1 Like
[Poll] When do you think the next NSR buyback will occur?
#263

Blockheight is 1180227
Total US-NBT = 1,141,158.2551

Shareholder controlled US-NBT

  • FLOT 3-of-5 multisig
    Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 303357.4886 NBT
  • Liquidity Operations
    Balance of BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a is 505328.7356 US-NBT
  • Liquidity Operations
    Balance of B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV is 73371.73 US-NBT
  • Liquidity Operations
    Poloniex balance is 72902.21 US-NBT
  • Liquidity Operations
    Bittrex balance is 2499.72 US-NBT
  • NuLagoon
    Balance is 27777.00 US-NBT
  • Total parked US-NBT is 9397.00

Total US-NBT in circulation is 146,524.37

Reserves (in US-NBT)

  • Poloniex: 10574.14
  • NuLagoon: 2320.74
  • Bittrex: 2546.94

Total Tier 1 reserves: 15441.82
Total Tier 4 reserves: 0
The primary reserves in tier 5 and 6 are undefined, but monthly liquidity of NSR is currently 199,001 US-NBT

We are required to have 70,578.51 US-NBT in tier 1 through 4 reserves. This means that as soon as 55,136.69 US-NBT is raised through NSR, US-NBT or CN-NBT sales on a combined basis, any additional funds raised can go to NSR buyback, less any additional reserve requirements or funds spent going forward.

[Poll] When do you think the next NSR buyback will occur?
Liquidity Operations
#264

Blockheight is 1188945

US-NBT

Total US-NBT = 1,141,169.6631

Shareholder controlled US-NBT

  • FLOT 3-of-5 multisig
    Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 303357.4886 NBT
  • Liquidity Operations
    Balance of BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a is 505328.7356 US-NBT
  • Liquidity Operations
    Balance of B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV is 73371.73 US-NBT
  • Liquidity Operations
    Poloniex balance is 73482.76 US-NBT
  • Liquidity Operations
    Bittrex balance is 2610.45 US-NBT
  • NuLagoon
    Balance is 27777.00 US-NBT
  • Total parked US-NBT is 8131.00

Total US-NBT in circulation is 147,110.50

CN-NBT

Total CN-NBT = 2,000,000

Shareholder controlled CN-NBT

  • Liquidity Operations
    Balance of YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m is 2000000
  • Total parked CN-NBT is 0

Total CN-NBT in circulation is 0

Total NuBits (including all kinds) in circulation is 147,110.50 US-NBT

Reserves (in US-NBT)

  • Poloniex: 12702.79
  • NuLagoon: 2360.61
  • Bittrex: 2472.84

Total Tier 1 reserves: 17536.24
Total Tier 4 reserves: 0
The primary reserves in tier 5 and 6 are undefined, but monthly liquidity of NSR is currently 177,065 US-NBT

We are required to have 70,850.06 US-NBT in tier 1 through 4 reserves. This means that as soon as 53,313.82 US-NBT is raised through NSR, US-NBT or CN-NBT sales on a combined basis, any additional funds raised can go to NSR buyback, less any additional reserve requirements or funds spent going forward.

1 Like
Liquidity Operations
Liquidity Operations
#265

Blockheight is 1199337

US-NBT

Total US-NBT = 1,141,167.06

Shareholder controlled US-NBT

  • FLOT 3-of-5 multisig
    Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 303357.49 NBT
  • Liquidity Operations
    Balance of BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a is 509128.74 US-NBT
  • Liquidity Operations
    Balance of B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV is 65977.63 US-NBT
  • Liquidity Operations
    Poloniex balance is 79545.30 US-NBT
  • Liquidity Operations
    Bittrex balance is 9962.56 US-NBT
  • NuLagoon
    Balance is 27777.00 US-NBT
  • Total parked US-NBT is 8193.95

Total US-NBT in circulation is 137,224.39

CN-NBT

Total CN-NBT = 2,000,000

Shareholder controlled CN-NBT

  • Liquidity Operations
    Balance of YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m is 2000000
  • Total parked CN-NBT is 0

Total CN-NBT in circulation is 0

Total NuBits (including all kinds) in circulation is 137,224.39 US-NBT

Reserves (in US-NBT)

  • Poloniex: 13113.47
  • NuLagoon: 2736.90
  • Bittrex: 2816.99

Total Tier 1 reserves: 18667.36
Total Tier 4 reserves: 0
The primary reserves in tier 5 and 6 are undefined, but monthly liquidity of NSR is currently 144,073 US-NBT

We are required to have 66,258.38 US-NBT in tier 1 through 4 reserves. This means that as soon as 47,591.02 US-NBT is raised through NSR, US-NBT or CN-NBT sales on a combined basis, any additional funds raised can go to NSR buyback, less any additional reserve requirements or funds spent going forward.

[Poll] When do you think the next NSR buyback will occur?
#266

There has been heavy downward pressure on the NuBit supply this last week due to a 20% rise in Bitcoin and the announcement that Poloniex is delisting US NuBits 5 days ago. Even so, it only resulted in a reduction in the circulating money supply of about 10,000. If that is what happens under very adverse circumstances, what will happen under neutral or favorable conditions?

Furthermore, even with this bad news and shrink in the money supply, our distance from reserve equilibrium continues to collapse, by nearly $6,000 or 11% this week. Each of the 6 six weeks this data has been collected and reported, we have moved closer to reserve equilibrium and NSR buybacks. The system is working and NSR buybacks are steadily drawing closer.

#268

Block height is 1209251

US-NBT

Total US-NBT = 1141170.89

Shareholder controlled US-NBT

  • FLOT 3-of-5 multisig
    Balance of BqyRzFtWXDmjxrYpyJD42MLE5xc8FrB4js is 303357.49 NBT
  • Liquidity Operations
    Balance of BJLmVRdGFi4q7Zidwzr4CPPsLT6pozR31a is 516728.74 US-NBT
  • Liquidity Operations
    Balance of B71AkDjzm4S24KoXGoq6W3hynexAyNb9FV is 77442.67 US-NBT
  • Liquidity Operations
    Poloniex balance is 61324.98 US-NBT
  • Liquidity Operations
    Bittrex balance is 9708.40 US-NBT
  • NuLagoon
    Balance is 27777.00 US-NBT
  • Total parked US-NBT is 8088.95

Total US-NBT in circulation is 136,742.66

CN-NBT

Total CN-NBT = 2,000,000

Shareholder controlled CN-NBT

  • Liquidity Operations
    Balance of YhSEw9AGBJ3KtqLrxeQrcsTVk5u57pA88m is 2000000
  • Total parked CN-NBT is 0

Total CN-NBT in circulation is 0

Total NuBits (including all kinds) in circulation is 136,742.66 US-NBT

Reserves (in US-NBT)

  • Poloniex: 12072.97
  • NuLagoon: 2848.11
  • Bittrex: 3350.8

Total Tier 1 reserves: 18271.88
Total Tier 4 reserves: 0
The primary reserves in tier 5 and 6 are undefined, but monthly liquidity of NSR is currently 89,116 US-NBT

We are required to have 66,034.01 US-NBT in tier 1 through 4 reserves. This means that as soon as 47,472.13 US-NBT is raised through NSR, US-NBT or CN-NBT sales on a combined basis, any additional funds raised can go to NSR buyback, less any additional reserve requirements or funds spent going forward.