Bitcoin Forum

Welcome to my second hardware lease of the week, this time up for grabs is a ~320GH/s KNC Saturn for a 90 day term.

Since I do not pay electricity costs (much to the dismay of my landlord I'm sure) I am offering this lease at a rate that is equitable for both parties, I get instant capital which will be used to buy additional hardware, you get a steady income of coins which total significantly more than the investment by the end of the lease.

Just received the miner this morning so it hasn't been running for a full 12 hours, here are the stats so far;

http://gyazo.com/3615e5b29d260958a5b544495a858e36.png

I am expecting it to average ~330gh/s for the 12 hour statistics, and will add another screenshot tonight once confirmed.

According to http://www.vnbitcoin.org/bitcoincalculator.php this Saturn will generate ~$2769.79 within 90 days, that is ~3.3 bitcoin at preev.com rates.

The starting bid of the auction is 0.5 BTC
The minimum bid increment is 0.05 BTC
The buy it now price for this lease is 2.3 BTC

Therefore at the buy it now price you stand to make 1 BTC profit by the end of the 90 day lease, not including any extra due to downtime (explained below)

Downtime will be reimbursed as follows, for every hour of down time, the loss will be reimbursed x1.5 running on a second saturn, this new saturn arrives next week and should clock roughly equal to the one I already have. Hence if the saturn experienced 1 hour downtime in a week, I will dedicate my second saturn to your worker details for 1.5 hours. Downtime will be calculated weekly based on pool statistics (preferably eligius).

Auction ends at 9PM GMT on Friday 7th of January.

1 BTC

I would gamble at 2 coins, I dont trust calculators, They are not aware of the 12 PH coming online over the next month, It will be lucky to make back 2, But that is my opinion ONLY.

Is that a bid of 2 coins? Or just an opinion?

Also my odds were calculated with a consistent difficulty increase of 24.7% per jump, which is definitely on the worst case scenario end of the spectrum.

That was a bid of 2

I'll buy it now. BTC2.3

How do I pay?

Would prefer other pools.

PMing you now, other pools can be arranged, though I'd prefer it had decent stats so downtime can be accurately monitored.

btcguild with bitminter failover?

https://blockchain.info/tx-index/8004833ae73e3cd621868074a5f3183702acb93921bd48b1f71b9fade962eaab

pming you re workers

I confirm that I agree to the terms of the auction.

Payment receipt confirmed.

Awaiting worker details.

that escalated quickly :D
congrats

still trying to get going...

not a peep from this guy

@Lightwave please get in touch straightaway :-\

   Summary - Lightwave    Picture/Text
Name:    Lightwave
Posts:    119
Activity:    70
Position:    Member
Date Registered:    December 05, 2013, 09:18:03 PM
Last Active:    Today at 10:32:17 PM

Lightwave you need to update me now

This guy should have started mining for me 8.5 hours ago. I have not heard from him since 3.42, despite my repeated pm's and posts on this thread. He is posting and bidding on other threads, but hasn't had the courtesy to tell me what is going on. It's a poor start to a 90 day contract.

He just pmed me. Maybe there's a pool problem. Eligius just went down. There's been no sign of me there all evening.

True I didn't message you between 5 and 11. I was posting here. You don't check with your customer that all is hashing well before going out?

I told you in PM to message me if there are any problems running, you didn't message me so I assumed everything was fine.

I gave you 90 mins to set up then pmed you:

Stupid of me then when I didn't hear back to start posting 'get in touch' in your thread.

Let's sort this out in the morning

This is one of my pm's from last night.

Lightwave, in light of your scam accusation thread since then, I ask you to prove the doubters wrong. Repay that guy, cancel the contract in this thread and repay me the 2.3.

Lightwave is a scammer: https://bitcointalk.org/index.php?topic=451262.0