(The following has been shamelessly adapted from oaxaca's & bogart's older auction thread.)Good day. Up next, for auction, is 15 shares of CoinHoarder's Batch 3 Avalon group buy. This represents a little over 2.075% of the output of 7 Avalons, the four module, 85GH edition.All told, these shares will deliver around
12 lovely gigahashes , hosted by Coinhoarder (this is 12.35 GH worth of shares, then minus power and hosting fee's of 2%, should work out to around 12 GH of mining dividends.)
Group buy information:
Original Thread:
https://bitcointalk.org/index.php?topic=157930.0Group Forums:
http://yourcoins.org/forums/index.php?forums/avalon-group-buy.2/ [I'll be putting these shares up for auction in the appropriate thread there, but waiting for a password to be reset.]
Each investor owns a percentage of each of the seven 4 Module ASICs that were ordered. Monthly dividends will be pad out to each investor according to their ownership percentage.
Dividends will be paid after electricity costs, any pool fee (yet to be determined), and the hosting fee are taken out.
Total BTC invested in the group buy: 722.7025 BTC
595 Gh total from all Seven Avalons.
The auction will last about
4 days +1 hrs from the time of this OP, and
will end at 6:00 PM Saturday, Pacific Standard Time, June 14th.
The
minimum amount of shares to bid on is
-5- shares. If there are multiple bids, some for groups of 5 shares, some for the entire batch of 15 shares, then I reserve the right to accept the bid for all 15 shares (I'd prefer to sell them together) over smaller segment bids, if it is higher.
The
starting bid is 1.75 BTC per share.
The
bidding increments are .01 BTC per share.
The
minimum bid quantity is for 5 shares, than further in increments of 5 shares. (i.e accept bids on 5,10,or 15 shares).
A higher number of shares at a given price beats earlier, lower bids.
If escrow is desired, I have no objection. I rather not though and feel it isn't necessary as CoinHoarder and these shares are well -established and I'm well-documented as the owner.
No PM bids will be accepted. All bids must be in this thread. But any questions, feel free.
Technically speaking, I own 15.0005 shares, so will be giving this 0.0005 to whoever wins the auction, in accordance to the largest segment of shares purchased (5, 10 or 15).
Winning bidders have up to 24 hrs to transfer the funds over.
Please post your offers like these examples: 5 @ 1.8 or 15 @ 2.05 etc.
