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A 16x chip credit provides a $400 discount toward the purchase of BFL chips in the form of a coupon code.
Auction ends in 24 hours
Minimum bid: 0.5 BTC
Buy it now: 1 BTC
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If there enough interest in selling some BFLs (for buku bitcoins), you could re-diversify your risk by purchasing Avalon (which you've already posted two motions for to gauge interest).
In other words, instead of the Cognitive portfolio being 100% BFL, 0% Avalon, you could adjust the weights of each investment (while immediately seeing an ROI as well).
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6) Sell the Cognitive BFL preorders, realize a 9 month ROI
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Evil little fucker always out-bidding/asking by .01 or so. I'm sure it's making a killing from spreads. I want one...
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So who's running the trade bot on the cognitive asset?
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Yeah, and I'm just candidly discussing the current share value. Let me ask you, would you pay $2400 to have a Jalapeno in your lap in a week? Two weeks?
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I've answered this several times on this thread already, but the BFL SC Singles we bought promised 60+gh/s each, and we have seven of them on order. These boards alone will provide 420+gh/s to Cognitve, which devided by the current number of outstanding shares (8619) = 48.72955099 mh/s per share.
After we spend out growth funds and COG.F funds, this value will only rise!
Cheers,
Garrett
So at ~0.25BTC/share it will cost just over 5BTC per GH/s? From another perspective, 5 GH/s would be 9x the cost of a Jalapeno. |
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What will be the GH/share when BFL delivers?
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If this experiment fails, then you will probably have the chance to bid on the coin via regular auction.
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Can we send directly to the coin public address?
Ahaha, that's a clever idea. However that would make any refunds from a failed project goal difficult, wouldn't it? After reading my statement a second time, I've decided to up the donation percentages to 5% and 5%. So, John K can take whatever escrow fee he wants (0, 1, or 2%), and I will donate 5% to the bitcoin forums and another 5% to whatever is voted on. In other words, 10% of proceeds will be donated to worthy causes. |
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I'd like to try a little experiment. I own a Series 1 Casascius coin, the kind that has a misprint on it. There were less than a thousand of these made, so they are very rare. You can view my precious here: http://imgur.com/gRBTiZwThe concept of this experiment is simple -- pay me to destroy this coin and thus make the rest of yours more valuable. I will post a video of the process; I'm thinking I'll start by burning the holographic sticker and finish by melting down the brass into a pool of golden oblivion on my stove. I'm open to suggestion on how to destroy it, feel free to recommend something more creative (I do have one of those latex horse masks now that I think about it). Instead of a typical auction, this will be done as a crowdfunded project! I'd like John K to manage the process as escrow. If he is willing, instead of the typical 2% fee I would like him to take 1% and have the other 1% donated to the bitcoin forums. So I have some skin in the donation game as well, I will donate another 1% to the Bitcoin Foundation or whatever you guys vote for the most. If John K doesn't work out but there is still interest in this experiment, I will figure out another way. This crowdfunding experiment is to end Sunday, May 5 at midnight GMT. The goal is 10 BTC, with anything less being refunded back to participants. Escrow and donation fees will be deducted from the final result. Remember, this destroys the coin forever! |
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Auction is over. Bitpop won.
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The August deadline is fine, but you agreed to pay for the escrow service within the initial terms and bid (as I had agreed to pay for shipping). You should be getting 30 GH/s since that is what the order is for, and BFL has mentioned adding chips/units to fulfill the original orders.
How about we split the escrow fee and call it a day?
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John suggested the steps from diego1000's thread if he is to escrow, and it looks good to me:
1. Winner sends BTC to the escrow address.
2. When I get the BFL unit, I confirm to escrow and winner, and I will take photos/videos of unopened package.
3. I will pack the entire box (BFL inside original packaging) in a new shipping box, taking care to not break the original packaging.
4. I will send the unit to the winner.
5. Winner confirms to escrow
6. Escrow releases BTC to me.
NOTE:
A) Winner pays 2% fee for escrow
B) I Will pay the ship cost
C) If unit arrives damaged, buyer gets benefit of insurance
D) If unit mines, but is damaged afterwards, buyer deals with BFL directly
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Hey bitpop, John K just informed me that he is overseas and unable to take the package, hopefully he will pop in here to confirm this. I'm sorry about this, I guess I should have asked for his service before starting the auction. Think about what you would prefer to do, I see the options as (a) I send directly to you and John K still escrows the bitcoin, (b) we find another escrow, (c) cancel the auction. I'm open to suggestion.
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Congrats bitpop! You win. Yes, I do mean John K. My next step is to contact him and inform him of this auction and its status. In regards to the escrow expiring in October. That would mean either I have not, or BFL has not, delivered on product yet, correct? Sounds fair to me.
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Try relisting as an actual miner, leave the word "preorder" out of it completely. Select the max auction time, that you'll ship within 30 days of payment, and select economy shipping to add another 10 days to the schedule. If BFL doesn't deliver by then you can refund the payment  |
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