Are we -the buyers- supposed to sign the contract also?
Usually (and I stated it such in 6.) buyers 'sign' with their money, i.e. implicitly accept the contract by transferring the funds. But it also does not hurt to explicitly do. Only thing from contractual side is, the contract becomes active (i.e. buyers can transfer their funds) as soon as seller and escrows signed - while buyers signatures are not relevant for that state change. |
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1) Purpose
This contract regulates the finalization of the ASICMINER auction in
https://bitcointalk.org/index.php?topic=142038.0
2) Buyers
PM.6 100 @ 0.45
ghostshirt 200 @ 0.45
Vezunchik 100 @ 0.45
LainZ 100 @ 0.45
asnonmous 5000 @ 0.44 (including 500 from board chair option)
3) Seller
Shares are sold by user zefir. They are currently held directly by
friedcat as a PGP-signed lock-in contract.
4) Escrow
Graet and John (johnthedong) will escrow the transactions. Buyers
decided whom to choose, resulting in the following transaction plan:
PM.6 45 BTC to 1EEFt1JqyTuTEsGHERJj58QcYb72BaPeTj (Graet)
ghostshirt 90 BTC to 15A8ztRxjnHud6unJi3dLpB9bLGdXVxAyg (Graet)
Vezunchik 45 BTC to 1hnvX9pA6eSZPfGEaLHR1RHM6RE82yUox (Graet)
LainZ 45 BTC to 18AfJDFimnxRCbK4JbzqdHm1SigCySYT3p (Graet)
asnonmous 2200 BTC to 1CuNd5n42cfqDz8SPVLSRsGHk2tLcHVMGh (John)
Payment shall be made from an address that the buyer fully controls,
i.e. is in possession of the private key, so the escrow in case of
disputes and cancellation can return the funds to sender.
5) Activation
This contract will be posted in the auction thread and changes its
status to active when both escrows and the seller digitally sign it,
either by PGP or Bitcoin address signature.
6) Acceptance
After activation (i.e. the time when all three signatures from point
5. were posted), the buyers accept this contract by sending their
respective payments to the escrow addresses given in 4. They are
given three days (72h + 12h time zone margin) to finalize the trans-
action in full. Failing so, their deal status changes to canceled.
7) Share Transfer
ASICMINER is going to have its private exchange that is scheduled to
go online before the first dividend payment is processed. As soon as
it launches, buyers need to open an account and provide all required
data to seller to initiate a transfer of shares. Since the details
of the new exchange are not yet known, no defined deadlines for the
transfer can be provided at this time. Seller is limited to do this
with best effort and will keep buyers and escrows informed about the
status.
On top of the transfer handled over the new exchange, seller will
attempt to reach agreement with friedcat to split his position
according to the sale and move them to bilateral contracts between
buyers and friedcat directly and get their shares assigned to them
before the exchange launches. Success solely depends on friedcat
and can not be guaranteed.
8) Dividends
Buyers are entitled for all ASICMINER dividends. Share transfer is
scheduled to finalize before the first dividend is paid. Any dividends
paid for any reason to seller shall be forwarded in full to the buyers
at their following addresses:
PM.6 1AXKZp4KU4tA4yPoFtHQPHoUi2DmWgHdEd
ghostshirt 1ZKrazKLvfxNCYqk4BbboxiPonB9U3Pwh
Vezunchik 1AkZFPx76RWEEpojMj5RvGDDesZxPazVdF
LainZ 1Bgu2w4vBTXDDkpWkjAeomVnRRYASnCaJV
asnonmous 12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX
9) Clearance
Escrowed funds will be released to seller after buyers approval of
* transfer of shares to their account
* receipt of their dividends (if any happened before transfer)
Seller's address for this deal is 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc H3guAWvpcz9ZN0cIz6jCqvkVKIUG8zOR0EGcYNxVLmczr2YkHkbqxZrPd49SGYeUVAx7xO9/v2TN4i2qFCiLIH4= by address 1AkZFPx76RWEEpojMj5RvGDDesZxPazVdF |
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I believe everyone is moving towards using the bitcoin-qt system for signing, but I'm not sure. I'm signing with bitcoin-qt, let me know if that is insufficient. I don't have a PGP key yet, and this signature is easily associatable with the coins in the account it is coming from. Contract signed from address: 12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX Signature: HyhgIo5QfmPpuQw2iPAakBhp0sCP3BnnBjXiojs+rsaCcs4QGoo74xDUOthtn3wlKTmKDA7qYhZUR9Qhi3K/Glc=
(signed with bitcoin-qt 0.7.2-beta) Once John has signed, I'll initiate the transfer.
John basically did in post #177 by confirming he is controlling the updated escrow address and signing the contract. I contacted John and Graet once again after the contract update for the new address and expect them to confirm soon. |
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I thought it's consequent to use Bitcoin address signing for this contract
Yes, but you have to use Bitcoin itself to sign it. No one agreed on the signature algo, so everyone else is doing it wrong and they need to switch to use Bitcoin's. If you would have signed it with bitcoin-qt or bitcoind, this wouldn't have been a problem. Thanks for clarification. If that's the case (everyone doing his own thing), it is not useful yet, since people not working with bitcoind (like /me) can't reliably sign / verify. |
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Hello zefir, I am having a difficulty verifying your signature. I am pasting the contract, your signature address and the signature but verification fails. I am using bitcoin-qt 0.7.2, does version change anything?
Hi ghostshirt, it is not you. The signature I posted was generated with piuk's My Wallet. Just double checked with Armory and got a different output  I thought it's consequent to use Bitcoin address signing for this contract, but as long as there are sources for confusion I'll switch back to the established way: -----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
1) Purpose
This contract regulates the finalization of the ASICMINER auction in
https://bitcointalk.org/index.php?topic=142038.0
2) Buyers
PM.6 100 @ 0.45
ghostshirt 200 @ 0.45
Vezunchik 100 @ 0.45
LainZ 100 @ 0.45
asnonmous 5000 @ 0.44 (including 500 from board chair option)
3) Seller
Shares are sold by user zefir. They are currently held directly by
friedcat as a PGP-signed lock-in contract.
4) Escrow
Graet and John (johnthedong) will escrow the transactions. Buyers
decided whom to choose, resulting in the following transaction plan:
PM.6 45 BTC to 1EEFt1JqyTuTEsGHERJj58QcYb72BaPeTj (Graet)
ghostshirt 90 BTC to 15A8ztRxjnHud6unJi3dLpB9bLGdXVxAyg (Graet)
Vezunchik 45 BTC to 1hnvX9pA6eSZPfGEaLHR1RHM6RE82yUox (Graet)
LainZ 45 BTC to 18AfJDFimnxRCbK4JbzqdHm1SigCySYT3p (Graet)
asnonmous 2200 BTC to 1CuNd5n42cfqDz8SPVLSRsGHk2tLcHVMGh (John)
Payment shall be made from an address that the buyer fully controls,
i.e. is in possession of the private key, so the escrow in case of
disputes and cancellation can return the funds to sender.
5) Activation
This contract will be posted in the auction thread and changes its
status to active when both escrows and the seller digitally sign it,
either by PGP or Bitcoin address signature.
6) Acceptance
After activation (i.e. the time when all three signatures from point
5. were posted), the buyers accept this contract by sending their
respective payments to the escrow addresses given in 4. They are
given three days (72h + 12h time zone margin) to finalize the trans-
action in full. Failing so, their deal status changes to canceled.
7) Share Transfer
ASICMINER is going to have its private exchange that is scheduled to
go online before the first dividend payment is processed. As soon as
it launches, buyers need to open an account and provide all required
data to seller to initiate a transfer of shares. Since the details
of the new exchange are not yet known, no defined deadlines for the
transfer can be provided at this time. Seller is limited to do this
with best effort and will keep buyers and escrows informed about the
status.
On top of the transfer handled over the new exchange, seller will
attempt to reach agreement with friedcat to split his position
according to the sale and move them to bilateral contracts between
buyers and friedcat directly and get their shares assigned to them
before the exchange launches. Success solely depends on friedcat
and can not be guaranteed.
8) Dividends
Buyers are entitled for all ASICMINER dividends. Share transfer is
scheduled to finalize before the first dividend is paid. Any dividends
paid for any reason to seller shall be forwarded in full to the buyers
at their following addresses:
PM.6 1AXKZp4KU4tA4yPoFtHQPHoUi2DmWgHdEd
ghostshirt 1ZKrazKLvfxNCYqk4BbboxiPonB9U3Pwh
Vezunchik 1AkZFPx76RWEEpojMj5RvGDDesZxPazVdF
LainZ 1Bgu2w4vBTXDDkpWkjAeomVnRRYASnCaJV
asnonmous 12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX
9) Clearance
Escrowed funds will be released to seller after buyers approval of
* transfer of shares to their account
* receipt of their dividends (if any happened before transfer)
Seller's address for this deal is 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1.4.11 (GNU/Linux)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=prGM
-----END PGP SIGNATURE-----
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Final Contract1) Purpose
This contract regulates the finalization of the ASICMINER auction in
https://bitcointalk.org/index.php?topic=142038.0
2) Buyers
PM.6 100 @ 0.45
ghostshirt 200 @ 0.45
Vezunchik 100 @ 0.45
LainZ 100 @ 0.45
asnonmous 5000 @ 0.44 (including 500 from board chair option)
3) Seller
Shares are sold by user zefir. They are currently held directly by
friedcat as a PGP-signed lock-in contract.
4) Escrow
Graet and John (johnthedong) will escrow the transactions. Buyers
decided whom to choose, resulting in the following transaction plan:
PM.6 45 BTC to 1EEFt1JqyTuTEsGHERJj58QcYb72BaPeTj (Graet)
ghostshirt 90 BTC to 15A8ztRxjnHud6unJi3dLpB9bLGdXVxAyg (Graet)
Vezunchik 45 BTC to 1hnvX9pA6eSZPfGEaLHR1RHM6RE82yUox (Graet)
LainZ 45 BTC to 18AfJDFimnxRCbK4JbzqdHm1SigCySYT3p (Graet)
asnonmous 2200 BTC to 1CuNd5n42cfqDz8SPVLSRsGHk2tLcHVMGh (John)
Payment shall be made from an address that the buyer fully controls,
i.e. is in possession of the private key, so the escrow in case of
disputes and cancellation can return the funds to sender.
5) Activation
This contract will be posted in the auction thread and changes its
status to active when both escrows and the seller digitally sign it,
either by PGP or Bitcoin address signature.
6) Acceptance
After activation (i.e. the time when all three signatures from point
5. were posted), the buyers accept this contract by sending their
respective payments to the escrow addresses given in 4. They are
given three days (72h + 12h time zone margin) to finalize the trans-
action in full. Failing so, their deal status changes to canceled.
7) Share Transfer
ASICMINER is going to have its private exchange that is scheduled to
go online before the first dividend payment is processed. As soon as
it launches, buyers need to open an account and provide all required
data to seller to initiate a transfer of shares. Since the details
of the new exchange are not yet known, no defined deadlines for the
transfer can be provided at this time. Seller is limited to do this
with best effort and will keep buyers and escrows informed about the
status.
On top of the transfer handled over the new exchange, seller will
attempt to reach agreement with friedcat to split his position
according to the sale and move them to bilateral contracts between
buyers and friedcat directly and get their shares assigned to them
before the exchange launches. Success solely depends on friedcat
and can not be guaranteed.
8) Dividends
Buyers are entitled for all ASICMINER dividends. Share transfer is
scheduled to finalize before the first dividend is paid. Any dividends
paid for any reason to seller shall be forwarded in full to the buyers
at their following addresses:
PM.6 1AXKZp4KU4tA4yPoFtHQPHoUi2DmWgHdEd
ghostshirt 1ZKrazKLvfxNCYqk4BbboxiPonB9U3Pwh
Vezunchik 1AkZFPx76RWEEpojMj5RvGDDesZxPazVdF
LainZ 1Bgu2w4vBTXDDkpWkjAeomVnRRYASnCaJV
asnonmous 12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX
9) Clearance
Escrowed funds will be released to seller after buyers approval of
* transfer of shares to their account
* receipt of their dividends (if any happened before transfer)
Seller's address for this deal is 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc
Changes to the previous one posted in #176: - point 4: updated Johns escrow address as stated in #177
- point 8: added LainZ address as provided by PM
As the seller I sign this final contract with my address for this deal 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc G8/RWsCo7WDaWFBCLszNKm23ByWo3iBlD3HEUNDPO1GHK3AqCaKfgNIqUAdCCW1kzuetAqOEpYZtaHNp/CJqBLA=
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Thanks John for taking this serious and considering security issues. Very much appreciated.
I meanwhile got LainZ' address for dividend payments, so I am able to update and post the final contract soon.
Thanks for your patience
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Dear bidders and escrow, I am in a dilemma, since one of the buyers did not yet provide his address I planned to include as part of our contract. At the same time I understand that the others who already accepted the proposal and provided their addresses would like to proceed and finalize this deal. Since the missing address is only required to cover a quite unlikely event, I decided to move on and add the missing information as side contract when user LainZ provides it to me. This is the contract buyer and seller mutually agreed on: 1) Purpose
This contract regulates the finalization of the ASICMINER auction in
https://bitcointalk.org/index.php?topic=142038.0
2) Buyers
PM.6 100 @ 0.45
ghostshirt 200 @ 0.45
Vezunchik 100 @ 0.45
LainZ 100 @ 0.45
asnonmous 5000 @ 0.44 (including 500 from board chair option)
3) Seller
Shares are sold by user zefir. They are currently held directly by
friedcat as a PGP-signed lock-in contract.
4) Escrow
Graet and John (johnthedong) will escrow the transactions. Buyers
decided whom to choose, resulting in the following transaction plan:
PM.6 45 BTC to 1EEFt1JqyTuTEsGHERJj58QcYb72BaPeTj (Graet)
ghostshirt 90 BTC to 15A8ztRxjnHud6unJi3dLpB9bLGdXVxAyg (Graet)
Vezunchik 45 BTC to 1hnvX9pA6eSZPfGEaLHR1RHM6RE82yUox (Graet)
LainZ 45 BTC to 18AfJDFimnxRCbK4JbzqdHm1SigCySYT3p (Graet)
asnonmous 2200 BTC to 1BCC3BogQ2LmWJ4PWgLw8B9qAbWRmSZyD7 (John)
Payment shall be made from an address that the buyer fully controls,
i.e. is in possession of the private key, so the escrow in case of
disputes and cancellation can return the funds to sender.
5) Activation
This contract will be posted in the auction thread and changes its
status to active when both escrows and the seller digitally sign it,
either by PGP or Bitcoin address signature.
6) Acceptance
After activation (i.e. the time when all three signatures from point
5. were posted), the buyers accept this contract by sending their
respective payments to the escrow addresses given in 4. They are
given three days (72h + 12h time zone margin) to finalize the trans-
action in full. Failing so, their deal status changes to canceled.
7) Share Transfer
ASICMINER is going to have its private exchange that is scheduled to
go online before the first dividend payment is processed. As soon as
it launches, buyers need to open an account and provide all required
data to seller to initiate a transfer of shares. Since the details
of the new exchange are not yet known, no defined deadlines for the
transfer can be provided at this time. Seller is limited to do this
with best effort and will keep buyers and escrows informed about the
status.
On top of the transfer handled over the new exchange, seller will
attempt to reach agreement with friedcat to split his position
according to the sale and move them to bilateral contracts between
buyers and friedcat directly and get their shares assigned to them
before the exchange launches. Success solely depends on friedcat
and can not be guaranteed.
8) Dividends
Buyers are entitled for all ASICMINER dividends. Share transfer is
scheduled to finalize before the first dividend is paid. Any dividends
paid for any reason to seller shall be forwarded in full to the buyers
at their following addresses:
PM.6 1AXKZp4KU4tA4yPoFtHQPHoUi2DmWgHdEd
ghostshirt 1ZKrazKLvfxNCYqk4BbboxiPonB9U3Pwh
Vezunchik 1AkZFPx76RWEEpojMj5RvGDDesZxPazVdF
LainZ TBD as part of a side agreement
asnonmous 12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX
9) Clearance
Escrowed funds will be released to seller after buyers approval of
* transfer of shares to their account
* receipt of their dividends (if any happened before transfer)
Seller's address for this deal is 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc
As seller I sign this contract with my address for this deal 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc G+9M/WDjEKGDLxMPLsINHw2Qf9Vp8YL+5SBaePagp59A3u6G7jFlhNeDGQjn6QdokPDrV+Xjf3a+cO1KdFvh5eQ=
- I will request Great and John to sign this contract and prove that the given escrow addresses are theirs.
- With their approval, after point 5. the contract becomes active
- Buyers are then given three days to transfer funds to their given escrow addresses (see point 6.)
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-----BEGIN PGP SIGNED MESSAGE-----
[...]
Hey Veznuchik, you need to be more patient, please. You posted a contract draft that the other byers are still reviewing and commenting. It does not make real sense to sign something with TBD placeholders as you see in point 8. Furthermore, if you read 6) carefully, you should understand that buyers are not required to sign but indicate their acceptance by sending the funds to the escrow addresses. Don't do that yet, wait until John and Graet confirm that those addresses are under their control. Right now I am waiting for LainZ to provide his address as part of the contract. So please wait until I post the accepted contract. We are not in a hurry, since ASICMINER trading platform launch is not a matter of days but weeks. Mods, escrows and others, please ignore post #175, thats uncompleted work-in-progress. |
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You're welcome.
The issue is some disconnects are impossible to detect, apart from noticing the pool has gone silent for an extended time. During that sort of outage, cgminer continues mining until it times out, not getting a response. The timeout needs to be long enough to be sure the pool is no longer sending info, and not too long to waste ages mining. So yes, it keeps mining. Anyway hopefully this should be better since the next version will include support for the new mining.resume function. This is already built into the git version, but only rEligius currently supports it. Hopefully other pools will follow suit.
Maybe related: during recent ozco.in server reorganization I noticed that if your primary pool is a stratum one and it is down when cgminer starts, it just hangs there and does nothing (beside of searching for active pools). cgminer used was commit 0b833131616 from three days ago. Sorry if this has already been reported, didn't follow cgminer discussion since it is working rock-solid  |
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Still there is no BTC addresses to pay our bid prices... When we must make our transfers?
Contract draft sent to buyers for review. Will be worked out via PM and posted when agreed on to not spam this thread. |
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The top-20 is even more descriptive. can you post a screenshot please - for me this page does not load stats Strange, you must have scripting disabled. Anyhow, this is the current top-20 at ozco.in:  |
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The top-20 is even more descriptive. |
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As per my reply via PM to your question, I am willing to hold escrow. I operate on a tipping basis so pay whatever amount you see fit.
Thanks John, I got Graet also available and will settle the terms and conditions with the buyers in PM and post them here. One general thing to you John: you are proposing to PGP sign all relevant documents, what about bitcoin address signing? Would this be equally reliable and / or accepted? I'm asking because PGP signing requires at least to install additional tools, while address signing is supported by most Bitcoin clients and available out-of-the-box. |
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Are there any ASICminer sightings on pool other than BTCGuild?
Zefir mentioned 0.5TH on OzCoin but I dont see them in the Hall of Fame page...
Just speculating I am tracking the top-20 at ozcoin since I got recently kicked out from by the new big players. Over the past days I noticed some 0.4-0.7TH miner popping there up now and then that was not one of the 'usual suspects'. Right now this big one got split into 0.2 + 2 * 0.12 TH. So either someone is testing different mining configurations or I'm seeing something that is not here. |
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Next stepsFirst thing: go to bed , it was an exhausting auction and getting late I'll contact some potential escrows and get their confirmation within 48h (my current goal is to have at least Graet and John on my list). I'll come back with my proposal and buyers are free to agree on one or choose someone else (which I will need to agree and they will need to pay fees for). Thanks and Good Night all, zefir
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Auction ended at 2013-02-17T22:35Z
Last valid bid was #161
Final bidding state:
-- # -- -----Bidder----- --Amount-- --BTC/Share--
145 PM.6 100 0.45
151 ghostshirt 200 0.45
152 Vezunchik 100 0.45
161 LainZ (PM) 100 0.45
143 asnonmous 4500 0.44
-------------------- Outbid -------------------
143 asnonmous 500 0.44
133 Mausini 200 0.43
135 ahdinosaur 100 0.43
141 PM.3 2800 0.43
128 PM.3 1000 0.41
93 wisard 300 0.40
116 skibum 100 0.40
123 Vezunchik 300 0.40
124 kjj 100 0.40
126 Mausini 200 0.40
127 bitcad 100 0.40
119 ghostshirt 100 0.39
82 kjj 100 0.38
93 wisard 200 0.38
94 Vezunchik 200 0.38
112 mb300sd 500 0.38
-------------------- Cut-off ------------------
Thanks and congratulations to all bidders.
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Oops, apologies for posting that before the close. I had a dyslexia moment with the zefir's timestamp. I will refrain from posting further for the duration of the auction unless it is to raise my bid.
I am glad no one threw in objections for taking UTC as official time format. My own experience so far was horrible: CST(N) here, CET there, PST somewhere else; plus daylight saving here but not there, etc. Meeting a global agreement on a point in time is alway a challenge That said: the last hour for bidding just started. |
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LainZ: update to 100 @ 0.45
Note: PMd bid is not prolonging auction end time, remains at 2013-02-17T22:35Z
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FYI, I agree with your evaluation but I'm uncertain about the timeline. Doing the math, buying ASIC's yourself gives you a better GH/$ ratio(3-4x at this price) but is not practical for my situation, and I think your 6mo timeline is a bit aggressive. Obviously I can hope, but, I've worked out conservative timelines that work for me and my long-horizon view, hence my bidding.
Thanks for running this auction though; I look forward to closing the transaction soon.
[...]
With my remaining holdings in ASICMINER I am naturally biased. No doubt buying an ASIC right now would be the better choice (hell, Jeff's Avalon paid off after 10 days or so) - but getting one is a different story. I am waiting for my BFL since half a year and spent countless hours getting into Avalon's second batch (not getting in plus loosing quite some coins moving funds into WalletBit and back). That's why the key factor for success right now is neither $/GH nor J/GH, but solely the availability of ASICs. 8 months ago I tried to grab and keep 1% of network hashrate based on FPGA mining devices, but failed due to Spartan6 getting out-of-stock or too expensive. Bitfountain is in a different position today: they can add hashpower at will at prices miners can't compete with (unless other manufacturers start self-mining). With the projected 12TH first batch (already confirmed: 2.5TH BTC-guild + ~0.5TH ozcoin + ...) ASICMINER holds 30% of network. It will take them 14 days to make the 0.1BTC initial dividend. After this first payment and as long as BFL and Avalon do not penetrate the mining market significantly, they make 0.1BTC per share per month. Given that 40% of that income is invested in the next batch or 50TH mining HW, chances are not all too bad to get back 0.4BTC per share within half a year. But what am I trying to convince you, you already do believe All the best and Good Luck, zefir |
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