So a couple thoughts..

Where did the price $0.001/entry credit come from?
What's to stop a competitor from forking factom's open source software, and charge less per entry credit?

The main defense I can think of is the network effect sprouting from the fact that Factom will have the longest chain record of this type.
But unless the price is negligibly cheap, wouldn't market forces create a cheaper competitor?

I already have openledger. Does it matter which one I use--openledger vs freedomledger?

So anybody have ideas on how different use-cases may warrant different entry frequencies?
Or, is everybody assuming most factom users will put in an entry every 10min.

6 entries/hr * 24 hr/day = 144 entries/day

vs a utilization rate of 1 entry/day is a drastic difference in uptake of factoids.

Would a title registration company really have a need to update every 10 min?
Even if you were proving the starting timestamp of a patent idea, artwork, or whatever, I'm trying to understand why I'd need anything more than 1 entry/day.


What are people's thoughts and expectations on this?
The only counter I can think of is that even 144 entries/day is only $14.40, which is not a whole lot for proving honesty and goodwill--yet still comes off to me as somewhat overkill. 

Thanks. Confirmed. Awaiting reply from HorseRider.

Qwk,

Please send payment of 27.1 to: 15G6CRiwTyuMeD4ptNNiwjB8R2zdAqEGQX
This payment confirms the transfer of ownership of 1 module in HorseRider's Avalon Resell/Hosting plan from myself to you.

HorseRider, please transfer my share to qwk as soon as payment to this address is made.

I will PM him once the payment is confirmed.

Thanks,
Sloper

Good point.
So then rather than a binary received [1] or didn't receive

• , it creates a gradient.

His order number is rather early out of the batch 3's so best of luck to HorseRider, qwk, and everyone else.

Perhaps you want to post in his thread directly but I understand it as this:
Everyone who's in the plan is getting their cut proportionally based on the mining profits from the units that have arrived until all units have been fully received. There's no queue system.

If there is a long wait until all shipments arrive, your potential loss is whatever saving advantage you have in electricity and his hosting fee. However, at the same time reshipment is costly as well since there's the loss to shipping downtime. So by having him mine immediately, the group's earnings are maximized.

Auction finished @ 27.1 by qwk. Sending PM.

Current Bid: 27BTC

Final 2 hrs, thanks.

Hey there,

Avalon sells those units and they come either as a 3-module (63Gh/s) or 4-module (85Gh/s) unit. HorseRider purchased 50 of these units and put up a portion for sell.
He allowed sells for as small as 1 module (~21-22Gh/s), which is what I opted for and what is up for auction now.

Please see his thread in my OP. It should make things more clear.

Thanks!

Sorry, I guess I was bound to mess something up. I'm on PST time and should have mentioned it in the OP.

I'm not sure how to keep this fair for all parties now without a time machine.

If you guys want, we can go back to the original bid of 25BTC. We have a 4hrs and 20 min left.

Current Bid: 26BTC

Auction will end in 5 hrs. Thanks~

Appreciate the first bid!

Current Bid: 25BTC

I am putting up for auction one module from HorseRider's Avalon resell and hosting plan. Thread with my confirmation of payment here:
https://bitcointalk.org/index.php?topic=158986.0

Some key info taken from above thread:
Order#4929. Advantageous Location in China to minimize shipping/custom time loss.
All units will be mined immediately with earnings distributed according to share as shipments are rolling in. Once all units arrive, units can be reshipped anytime (FYI, he will ship the one module if you wish but obviously not 1/4 PSU). It's a well thought out and egalitarian plan from HorseRider.
The electricity is 0.25USD/kwh and his hosting fee is 10% of the mining revenue.
An automated payment/monitoring system is being made for those on the hosting plan.

Module Cost: 28BTC
Starting bid: 25BTC
Minimum Increment: 0.1BTC
I'm looking to end this auction reasonably soon (within 24 hrs), so let's say 5PM 4/22.
Once sold, we'll get in touch with HorseRider (Please have an email and wallet address ready for him).

About me:
This is my first auction so I apologize for any rough edges.
I will keep posting updates and key information here to serve as a record.
PM me or post here for any questions you may have. Thanks! 

So at $1000/btc is it worth reducing the fees?

How about $10,000/btc?

At some point, this needs to become a discussion. When is it?

For record's sake, please also confirm that I have paid for 1 module(28 btc).

I'm curious how many are left as well.

PM'ed!

If you're able to do an SMS alert, I'm so in. Looks awesome, GL!

I admire and respect the work you put into to support such a crazy sounding idea. Thank you for being so brave and thanks for dropping by for that kind story.

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