500 GHash/sec for 6 months hosting contract (ONLY 4 Shares)

[kashish948]

This is an auction for 500 GHash/sec for 6 months starting in March 2014. ONLY 4 Shares available; total hashing power available 2 THash/sec.
Winning bidder can choose which sha256 crypto-currency to mine  (bitcoin, ppcoin, etc) and keeps all coins mined by the rented equipment.
Hosting will be done in state of art facilities and under a professional environment. Electricity, rent, etc will all be paid by us. No hidden costs after payment.

Bidding starts at 12.5 BTC
Ends November 1, 2013.

Place your bids in the following format:
no. of shares @ bid per share

[BitThink]

0.025BTC/g in March, 2014 =
0.05 BTC/g in Feb 2014 =
0.1 BTC/g in Jan 2014 =             // cointerra $3/g in Jan 2014
0.2 BTC/g in Dec 2013 =            // HashFast  $8/g in Dec 2013
0.4 BTC/g in Nov 2013 =            // KnC  $9-11 in Nov 2013
0.8 BTC/g in Oct 2013               // BitFury $20-26 in Oct 2013

Apparently, if you want a successful auction, you really need to lower your starting price.

[kashish948]

0.025BTC/g in March, 2014 =
0.05 BTC/g in Feb 2014 =
0.1 BTC/g in Jan 2014 =             // cointerra $3/g in Jan 2014
0.2 BTC/g in Dec 2013 =            // HashFast  $8/g in Dec 2013
0.4 BTC/g in Nov 2013 =            // KnC  $9-11 in Nov 2013
0.8 BTC/g in Oct 2013               // BitFury $20-26 in Oct 2013

Apparently, if you want a successful auction, you really need to lower your starting price.

STARTING BID REDUCED TO 11 BTC

[crazyates]

Now that KNC and BitFury are in full force, the diff is going to be rapidly rising. Once BFL starts delivering 600GH/s units, it's going to keep going up. By March '14, mining will be measured in TH/s, and anything less than that will barely be worth it.

I did some math on http://mining.thegenesisblock.com/ . A VERY conservative 65% growth per month means the diff will be 2.3Billion by March. Starting in March at that diff, keeping with the 65% growth, and going for 6 months (until Sept '14), we're looking at earnings of <$100. Actually less than $90.

Why would I pay $1500 today for $90 almost a year from now?

[kashish948]

======================================================CLOSED======================================================

Looking at the needs of the bidders and our ability to go low on price, we have decided to close this auction and start a new auction which will be better for both the bidders and us. Please check the below link:

https://bitcointalk.org/index.php?topic=308621.new#new

[kashish948]

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