Option Spread Bitcoin Network Difficulty (block 272160 - end of November)
|Trading start||Monday, November 25, 2013 8:00:00 PM GMT|
|Trading end||Friday, November 29, 2013 3:00:00 PM GMT|
|Event date||Friday, November 29, 2013 3:00:00 PM GMT|
|Event||Bitcoin Difficulty Option Spreads|
|Long shares||Long shares have been resolved at m฿ 1.52|
|Short shares||Short shares have been resolved at m฿ 8.48|
|Volume (total)||7 shares|
|Volume (7 days)||7 shares|
|Resolution Details||The network difficulty increased by 16.067%.|
This contract is an option spread for the value of the next Bitcoin difficulty increase. The range is 10% increase to 50% increase compared to the previous difficulty of 609,482,679.89. Long shares are bullish spreads for a higher difficulty increase. Expiration date: date when block 272160 is mined Benchmark value: difficulty increase for block #272160 Range: 10% increase - 50% increase The resolution price of long and short shares at expiry will be determined as a function of the percentage increase in network difficulty for the block 272160:
- If the difficulty increases between 10% and 50%: Long shares are resolved at: (<% increase in difficulty> - 10) / 4000 (in BTC) Short shares are resolved at: (50 - <% increase in difficulty>) / 4000 (in BTC)
- If the network difficulty increases by less than 10%: Long shares are resolved at m฿0 and short shares are resolved at m฿10.
- If the network difficulty increases by more than 50%: Long shares are resolved at m฿10 and short shares are resolved at m฿0.
Resolution prices will be rounded to the nearest m฿0.01. Predictious will use the difficulty as quoted by Blockchaininfo.
Difficulty increase for block #272160 Long Shares Short Shares 10% or less m฿0.00 m฿10.00 14% m฿1.00 m฿9.00 18% m฿2.00 m฿8.00 22% m฿3.00 m฿7.00 26% m฿4.00 m฿6.00 30% m฿5.00 m฿5.00 34% m฿6.00 m฿4.00 38% m฿7.00 m฿3.00 42% m฿8.00 m฿2.00 46% m฿9.00 m฿1.00 50% or more m฿10.00 m฿0.00