696 ASICMINER shares for auction

[Namworld]

Hello,

I would like to put up for auction my 696 ASICMINER shares.

This is 696/400 000 shares of ASICMINER or 0.174% (200 000 sold for funding, 200 000 kept by company)

Info about these shares:
- 10 to 12 TH total planned in early february to mine for shareholders
- 6x increase planned in a second batch
- Further expansion possible
- Share of profit from sale of units
- Ownership of an ASIC manufacter, long-term potential

Starting bid: 0.10 BTC (IPO price)
Minimum increments: 0.01 BTC

You may bid for a partial stack of shares, minimum 25. The higher bidder displace lower bidders until there's no shares left.

There is an undisclosed reserve price tied to this auction under which I will not sell.

Update

We are on our revised timeline, and are about to deploy 800 hashing boards in early February. The picture down below is the QC device we are about to take to the assembling service before we pick up all the assembled boards tomorrow:

small:


large:


The board on the upper-left is the power supply module. The upper-right one is the back side of the hashing board with VM connectors and heatsinks attached on. The bottom-left one is the front side of the hashing board without DIP components or heatsinks. The bottom-right one is the tester for QC, and it will be replaced by the controller board in real use.

A more detailed update is given to the board. Please note that the board member list has met its first adjustment, removing shareholders who hold much less than 5,000 after the initial offering from the board.

Update

All confirmations including GLBSE-only ones (who haven't claimed to us) have been sent. For shareholders who haven't received any, please check your spam folder, and report to us if you still couldn't find them.

Well, now that Avalon apparently shipped, would you like to give an estimate on when we start hashing and how many TH/s are we looking at?

Considering the yield rate (including chips themselves, assembling, and other uncertainties) and the overclocking opportunity we are looking at over 10TH/s and under 12TH/s for the whole first batch and sixfold for the second.

See the full thread: https://bitcointalk.org/index.php?topic=99497

[Namworld]

Format example:
XX @ 0.10 BTC

[mb300sd]

696 @ 0.1

[arij]

50 @ .11

[Namworld]

I forgot the end date. 7 days from the auction start, auction extends for 24h after the last bid.

[dadj]

696 @ 0.15 BTC

[BlackLilac Jordan]

696 @ 0.175 BTC

[HorseRider]

696 @ 0.185 BTC

[BlackLilac Jordan]

696 @ 0.2 BTC

[iCEBREAKER]

25 @ 0.21

[Namworld]

---------WINNER---------	--Amount--	--Price/Share--
iCEBREAKER25	25	0.21
BLFC Jordan	671	0.20
-----------------------------	------------	----------------
----OUTBID----
HorseRider	696	0.185
dadj	696	0.15
arij	50	0.11
mb300sd	696	0.10

[phantastisch]

I guess this was pretty cheap... 

[Namworld]

I guess this was pretty cheap... 

Ahem, "current winners" table, the auction is not completed. It's just to keep track of current highest bidders. I'll have to rewrite that table title on my next post.

[BlackLilac Jordan]

25 @ 0.25

[BlackLilac Jordan]

......................

[BlackLilac Jordan]

696 @ 0.25

[iCEBREAKER]

25 @ .26

[ineededausername]

671 @ .26

[Blazr]

25 @ 0.27

When does this auction end?

[ineededausername]

I forgot the end date. 7 days from the auction start, auction extends for 24h after the last bid.