MPOE, rezultate Aprilie 2012
Rulaj total 24`425 contracte, din care +5`405 -500 CALL ; +17`220 - 1`300 PUT.
Venituri : 10`081.146468300 BTC, din care :
- vinzari de contracte : 10`071.26053675 BTC
- exercitii : 9.88593155 BTC
Cheltuieli : 9`042.64589855 BTC, din care :
- cumparari de contracte : 1`514.43952888 BTC
- exercitii : 7`100.79051384 BTC
- cheltuieli cu capitalul : 421.41585583 BTC (8`428.31711665i × 5.0%)
- fuziuni si achizitii : 1 BTC
- cheltuieli de reclama si publicitate : 5 BTCii
Rezultat total net : 1`038.50056975 BTC
Provizioane constituite de terti : + 1501.76691300 BTC - 2003.60901800 BTC (total 0 BTC).
Rulaj total : 22`579.32266574 BTC
Venituri din taxa pe vinzare : 45.15864533 BTC
Venituri din inscrieri de noi membri : 60 BTC
Rezultat total net : 105.15864533 BTC
Total actiuni : 1`000`000`000, din care :
- Mircea Popescu, 983`700`000 actiuni,
- Terti via MPEx, 16`210`843 actiuni,
- Alti terti, 89`157 actiuniiii.
Dividend total : 1`143.65921508 BTCiv (per bloc de 1 milion actiuni : 1.14365921 BTC).
Capital total : 8`428.31711665 BTC, din care
- 1HLWcPokYJixh6BsJH9JWa8MzDaGSLGDds, 100.00000888 BTC @ 5.00%
- 1NcrEUkRzqQaAEGabZKPTZhArzhJvYNGWh, 100.00000888 BTC @ 5.00%
- 1CkEwsGgZ9saNRmr5FnbtYJjnLBdgGpS7J, 100.00000888 BTC @ 5.00%
- 1J9AN7LiDNDUfzAwk8D3uBLT5diWHFFCh5, 1000.00000888 BTC @ 5.00%
- 17KZZq1Q8dD3no2x9Ww2XqVVq6aw1JB69Q, 50.00000888 BTC @ 5.00%
- 1swAzHw1zTWqoi5184VinvUxLWnBskPVW, 2`000.00000888 BTC @ 5.00%
- Mircea Popescu, 5`078.31706337 BTC @ 5.00%
Pierdere alocata capitalului : 0 BTC
Pierdere per BTC : 0.0
Lista finala a creditorilor :
- 1HLWcPokYJixh6BsJH9JWa8MzDaGSLGDds, 100.00000888 BTC
- 1NcrEUkRzqQaAEGabZKPTZhArzhJvYNGWh, 100.00000888 BTC
- 1CkEwsGgZ9saNRmr5FnbtYJjnLBdgGpS7J, 100.00000888 BTC
- 1J9AN7LiDNDUfzAwk8D3uBLT5diWHFFCh5, 1000.00000888 BTC
- 17KZZq1Q8dD3no2x9Ww2XqVVq6aw1JB69Q, 50.00000888 BTC
- 1swAzHw1zTWqoi5184VinvUxLWnBskPVW, 2000.00000888 BTC @ 4.975%
- Mircea Popescu (creditor de ultima instanta), 5%
I. Achizitia MPEx. Pe data de 11 Aprilie 2012 MPOE a achizitionat MPEx in schimbul sumei de 1 BTC. Consiliul director a hotarit pastrarea pentru un timp a numelui "MPOE" si continuarea tranzactionarii sub simbolul S.MPOE. Cele doua entitati vor ramine distincte operational, raportind rezultatele financiare in comun.
II. Optiuni dupa dificultate. MPEx a cerut si a primit sprijinul comunitatii pentru a oferi optiuni bazate pe dificultate. Deocamdata este disponibila o pereche-pilot, cu expirarea in luna curenta. Functie de evolutia pietei si dispozitia marketmaker-ului se vor oferi mai multe perechi in viitor. Aceste optiuni sunt finantate de catre o terta parte ; profitul sau pierderea din tranzactionarea lor nu se reflecta in rezultatele MPOE.
III. Dobinzi la depozite si tranzactionare pe credit. MPEx a incheiat o conventie cu Mircea Popescu conform careia va plati dobinzi pe depozitele clientilor. Aceste dobinzi se platesc zilnic (la un interval aleator de 16 pina la 32 de ore fata de plata precedenta) si reprezinta 40% din MPBOR. Valoarea exacta se va anunta in cadrul fiecarei inchideri de exercitiu financiar. Valoarea dobinzii zilnice pentru intervalul 27 Aprilie - 25 Mai 2012 este 0.0660305% (~27% anualizat).
Ca rezultat al aceleiasi conventii clienti calificati pot beneficia de tranzactionare pe credit. Datorita fenomenului cunoscut in limba engleza drept "whiplash" creditul nu se acorda per pozitie, ci per cont client, intr-o suma si la o dobinda negociata. Pentru a se califica un client trebuie sa depaseasca 1`000 BTC tranzactionati in luna precedenta. Nu se acorda credit in sume mai mari decit valoarea depozitelor clientului. Dobinda se va fixa la un nivel egal cu MPBOR + un procent care sa reflecte credibilitatea clientului. Un acord semnat cu GPG e necesar in toate cazurile.
Aceste activitati sunt finantate de catre o terta parte ; profitul sau pierderea din tranzactionarea lor nu se reflecta in rezultatele MPOE.
IV. Modificarea dobinzii de ultima instanta si a metodologiei de calcul a capitalului necesar. Dobinda de ultima instanta se modifica de la 2% la 5%. Nivelul dobinzilor declarate de catre toti investitorii activi a fost modificat corespunzator (prin inmultire cu 2.5). Pentru a minimiza impactul acestei masuri se acorda o perioada de gratie de 48 de ore - care expira deci pe Apr 29, 2012 la 00:00:00 UTC - in care orice persoana interesata poate retrage sau depune orice suma, toate operatiunile fiind considerate ca efectuate inainte de data inchiderii acestui exercitiu, si deci investitiile fiind acceptate pentru a finanta luna Mai.
De asemenea metodologia de calcul a capitalului necesar pentru un exercitiu se modifica dupa cum urmeaza :
- La fiecare moment se calculeaza un capital necesar instantaneu, egal cu suma dintre sumele platite pentru contracte deschise cumparate de la terti (PUT sau CALL) si suma maxima necesara pentru a acoperi delta contractelor deschise vindute catre terti in conditiile pretului celui mai putin favorabil minus sumele incasate ca rezultat al vinzarii.
- Capitalul necesar pentru un exercitiu este egal cu maximul capitalului necesar instantaneu de-a lungul duratei exercitiului.
Pentru a intelege cu un exemplu : daca MPOE a cumparat 100 de CALL @5.0 platind 20 BTC si 200 de PUT @6.0 platind 30 BTC, iar in acelasi timp a vindut 200 CALL @4.0 primind 50 BTC si 500 PUT @5.0 primind 50 BTC atunci capitalul necesar este 20 + 30 + 200 - 100 = 150 BTC. Valoarea de 200 revine din suma maxima necesara pentru a acoperi delta (la cazul in care BTC/USD -> infinit costul celor 200 CALL este 200 BTC) iar valoarea de -100 revine din sumele primite pentru contracte vindute.
In alt exemplu, daca MPOE a cumparat 100 de CALL @5.0 platind 20 BTC si 200 de PUT @6.0 platind 30 BTC, iar in acelasi timp a vindut 200 CALL @4.0 primind 50 BTC si 1000 PUT @5.0 primind 500 BTC atunci capitalul necesar este 20 + 30 + 1000 - 550 = 500 BTC. Valoarea de 1000 revine din suma maxima necesara pentru a acoperi delta (la cazul ca BTC/USD -> 0 costul celor 1000 PUT este 1000 BTC) iar valoarea de -550 revine din sumele primite pentru contracte vindute.
Aceasta masura este imperios necesara pentru a ingadui functionarea MPOE in viitor (altfel necesarul de capital ameninta sa depaseasca totalul BTC disponibil in sistem) si de asemenea reflecta o mai corecta evaluare a capitalurilor necesare decit metoda estimativa folosita pina acum.
V. Vechea pagina a MPOE isi inceteaza activitatea. Va ramine in continuare disponibila la aceeasi adresa pe considerente istorice, dar nu mai poate fi folosita pentru a tranzactiona optiuni.
Si-un mic grafic cu evolutia profitului net :
- Expunere maxima 16`969.69696969 ( = (2`000×8 + 2`000×8.5 + 2`500×9 + 3`000×9.5) ÷ 4.95 ) - venituri din contracte vindute 10`071.26053675 + cheltuieli cu contracte cumparate 1`529.88068371. [↩]
- Un desen. [↩]
- Atentie : Toate actiunile detinute de terti in afara MPEx vor fi rascumparate fortat in cadrul urmatorului exercitiu financiar (deci pe 25 Mai) la un pret per actiune egal cu media ponderata dupa volum a tranzactiilor pe MPEx in ultimele 30 de zile. Aceasta masura este necesara pentru a reduce costurile cu evidenta actionarilor. Rascumpararile se vor plati la adresa la care se platesc la ora actuala dividendele. [↩]
- Judecind dupa dividendele platite de mineri, MPOE a produs in aceasta luna echivalentul a aproximativ 64 Gh/s, si deci ar valora daca ar fi echipament de minerit 19`247.84137531 BTC. Gasesc ca este remarcabila potrivirea intre aceasta evaluare si evaluarea pietei cu ocazia celei de-a doua oferte publice, consumata la inceputul lunii curente. [↩]
Saturday, 28 April 2012
Overall trade 24`425 contracts, of which +5`405 -500 CALL ; +17`220 - 1`300 PUT.
Revenue : 10`081.146468300 BTC, of which :
Expenditure : 9`042.64589855 BTC, of which :
Profit : 1`038.50056975 BTC
Third parties covering shorts : + 1501.76691300 BTC - 2003.60901800 BTC (total 0 BTC).
Overall trade : 22`579.32266574 BTC
Revenue from sales fee : 45.15864533 BTC
Revenue from new accounts : 60 BTC
Profit : 105.15864533 BTC
Total shares : 1`000`000`000, of which :
Total dividend : 1`143.65921508 BTC ((Going by dividends paid by miners, MPOE produced this month the equivalent of approximately 64 Gh/s, and thus would be worth about 19`247.84137531 BTC if it were a mining rig. I find the fit between this evaluation and the market evaluation on the 2nd public offering quite remarkable.)) (per 1mn share block : 1.14365921 BTC).
Total capital : 8`428.31711665 BTC, of which
To cover : 0 BTC
Loss per BTC : 0.0
Final bondholder list :
I. MPEx acquired. On the 11th of April 2012 MPOE acquired MPEx in exchange for the peppercorn consideration of 1 BTC. The Board has decided to continue for a time under the name "MPOE" and maintain the symbol S.MPOE for trading. The two entities will remain distinct in their operation but report financial results together.
II. Difficulty based options. MPEx has asked and has received community support for a difficulty based option. For now a single pair is available, expiring the current month. Based on the market response and the marketmaker discretion there may be more on offer in the future. These options are financed by a third party ; their profit or loss have no impact on MPOE's financials.
III. Interest paid on deposits and margin trading. MPEx has reached an agreement with Mircea Popescu to pay interest on customer balances. This interest is paid daily (random intervals between 16 and 32 hours from the previous payment) and will total 40% of MPBOR. The exact value will be announced during each monthly statement. The interest for the interval 27 April - 25 May 2012 is 0.0660305% (~27% APY).
As a result of the same agreement qualified customers can benefit from margin trading. Due to whiplash this won't be calculated on a per-position basis, but simply be added as credit to the account. To qualify a customer must trade in excess of 1`000 BTC in the previous month. The margin can not exceed the amounts deposited by the customer. The interest will be fixed at MPBOR + a risk based premium. A GPG signed contract will be required in all cases.
These activities are financed by a third party ; their profit or loss have no impact on MPOE's financials.
IV. Change of the last-recourse interest rate and of the calculation of capital reserves retained. Last recourse interest rate changes from 2% to 5%. The interest demanded by all bondholders has been modified correspondingly (being multiplied by 2.5). To minimize the impact of this change a 48 hour grace period is granted - to expire Apr 29, 2012 la 00:00:00 UTC - during which any investor interested can withdraw or deposit bonds, all operations being considered to have taken place before the date of this publication, and thus the investments being accepted to finance the month of May.
The calculation of capital reserves is changed as follows :
To illustrate by example : if MPOE bought 100 CALL @5.0 paying 20 BTC and 200 PUT @6.0 paying 30 BTC, while at the same time it sold 200 CALL @4.0 for 50 BTC and 100 PUT @5.0 for 50 BTC then momentary capital reserves required are 20 + 30 + 200 - 100 = 150 BTC. The 200 figure comes from the maximal sum possibly necessary to cover delta (in the case BTC/USD -> infinity the cost of the 200 CALLs is 200 BTC).
For another example, if MPOE bought 100 CALL @5.0 paying 20 BTC and 200 PUT @6.0 paying 30 BTC, while at the same time it sold 200 CALL @4.0 for 50 BTC and 1000 PUT @5.0 for 500 BTC then momentary capital reserves required are 20 + 30 + 1000 - 550 = 500 BTC. The 1000 figure comes from the maximal sum possibly necessary to cover delta (in the case BTC/USD -> 0 the cost of the 1000 PUTs is 1000 BTC).
This change is imperiously required to allow for the functioning of MPOE in the future, or otherwise capital requirements far above the total BTC in existence will hamper the market. The new model more accurately reflects the actual capital needed than the hack previously employed.
V. The old MPOE page ceases its function. It will remain up on the server at the usual address for historical considerations, but it will no longer be usable for trading options.
Saturday, 28 April 2012
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Your dividend payment for S.MPOE in total sum of 114365921508 to a notional float of 1000000000 has been issued on April 28, 2012, 1:19 am. Feel free to publish this receipt to your shareholders.
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Saturday, 28 April 2012
cica gh/s. a facut mp greseala c-a scris hz gresit. dar ce se intampla? google-im si aflam ca gh/s e viteza de tranzactionare a bitcoinilor.
pana mea, ceva metru special din ala de al vostru n-aveti? :-D
Saturday, 28 April 2012
Lol. Vezi articolu' cu mineri ca se iesplica.
Saturday, 28 April 2012
Lol chestia asta nu-i profitabila.
Saturday, 28 April 2012
Zici ?
Saturday, 28 April 2012
Pai ce profit e asta ma 10 la suta, 100 bitcoin. 500 dolari lol.
La valoarea ta, tu
tiganom bogat alea? :DSaturday, 28 April 2012
S-ar putea sa pici bacu' la mate, ma gindesc.
Saturday, 28 April 2012
Lol am mancat un zero, 1k, scuzati. Da' tot profit 10 la suta. :>
Saturday, 28 April 2012
10% e absolut exagerat.
Saturday, 28 April 2012
Pai 10.000 venituri, 9000 cheltuieli, din 10k ai ramas cu 10%?
Hai ba ca m-am plictisit.