ASICMINER: board seat (equivalent of 5000 shares) for sale

[SaintFlow]

... one should be at least be Sr. Member, but perhaps I am biased.....

go go gadget low profile 

[kjj]

100 shares @ 0.38 each

Hopefully the 5000 guy now understands that he doesn't need to keep bidding his own prices up.

[Vezunchik]

Don't you think that allowing bidders to change their bids is a bad idea, as well as reposting them endlessly? I may make bid 5000@0.8 and then say "please update my bid to 1@0.4", and you will end with lower income (4999 for left bids) and arbiter will do hard work making his tables - "is this bid new or old one? And what time is belongs - is is in game, or under 5K shares border by time sorting rule?".
instead of this you may think about 2 options:

1. Simply add maximum amount to all bids: 100@0,3 M100 -> 100@0.31 M200 100@0.32 M200 with 5K border at 50@0.31 bid =>will bought 50@0.31 + 100@0.32, or if 5K shares border below 100@0.31 100@0.31 + 100@0.32. And all clear with time order.
2. At lest make bidders to write post numbers in their messages:
#25 100@0.3 - confirm
#27 200@0.35 - cancel
new 250@0.35

Too many "suggestions" from me, I see. But I am simply trying to make things more clear, sorry if it is too annoying...

You may think about including post numbers in your table, and making posts for PMs to make delay for them smaller. Like this:

Yes, bids are heating up, so I'll go for two updates a day (can't do more, have to work and sleep, sadly )

As for the additional info you proposed: linking to the post-numbers is a good idea. The proposed table with shares left and bought does not provide more information than the current format with the outbid line does, so I'll keep it as is. Thanks for the input.

And I shouldn't be listed twice. I'm only bidding on 300 shares. My current bid is 300 @ 0.31.

Sorry, I'm not too experienced with auctions. I saw some posters explicitly stating to replace their existing bids, that's why I assumed placing a new bid does not automatically invalidate previous ones. I'd appreciate if future bids would explicitly state that information (unless it is some unwritten rule).

I assure you that ASICMINER shares won't go for 0.30 from now on for a long time, nevertheless I'll remove your 300@0.3 bid from the list.


Thanks,
zefir

[zefir]

LainZ: update to 100 @ .38

[asnonmous]

is is in game, or under 5K shares border by time sorting rule?".

Also unclear how the time-sorting rule will be applied to PM'd bids.  I would think in the name of fairness, PM'd bids would have to be a "bidder's risk" type of scenario, i.e. when zefir can repost it to the thread it counts.  Hence why I made this account to remain anonymous but still bid.

[Vezunchik]

That is what I was talking about. At that moment  mb300sd bid 300@0.31#37 was active. People overbid simply because they can't understand where is 5K border and what amount they will pay for. Or may be I can't understand mb300sd and others plan...

Post	Name	Amount	Price per share	Confirmed	Shares left	Shares bought
35	ThickAsThieves	200	0,3	Cancel	-4900	0
23	wisard	200	0,3	Cancel	-4700	0
15	ThickAsThieves	200	0,3	Cancel	-4500	0
7	DiabloD3	300	0,3	Cancel	-4300	0
35	ThickAsThieves	100	0,31	Cancel	-4000	0
29	wisard	200	0,31	Cancel	-3900	0
26	PM.3	3300	0,3		-3700	0
25	superbit	100	0,3		-400	0
24	Blazr	100	0,3		-300	0
22	PM.2	700	0,3		-200	500
21	Vezunchik	100	0,3		500	100
16	kjj	100	0,3		600	100
9	SaintFlow	100	0,3		700	100
8	Vezunchik	300	0,3		800	300
37	mb300sd	300	0,31	Cancel	1100	300
34	PM.2	800	0,31		1400	800
33	DiabloD3	300	0,31		2200	300
32	TradeFortress	100	0,31		2500	100
31	Vezunchik	400	0,31		2600	400
26	skibum	100	0,31		3000	100
43	ThickAsThieves	300	0,32		3100	300
34	PM.4	200	0,32		3400	200
30	superbit	100	0,32		3600	100
39	ahdinosaur	100	0,33		3700	100
38	ghostshirt	300	0,33		3800	300
47	wisard	300	0,34		4100	300
47	wisard	300	0,36		4400	300
48	mb300sd	300	0,33		4700	300

300 @ .33

[zefir]

Don't you think that allowing bidders to change their bids is a bad idea, as well as reposting them endlessly? I may make bid 5000@0.8 and then say "please update my bid to 1@0.4", and you will end with lower income (4999 for left bids) and arbiter will do hard work making his tables - "is this bid new or old one? And what time is belongs - is is in game, or under 5K shares border by time sorting rule?".
instead of this you may think about 2 options:

1. Simply add maximum amount to all bids: 100@0,3 M100 -> 100@0.31 M200 100@0.32 M200 with 5K border at 50@0.31 bid =>will bought 50@0.31 + 100@0.32, or if 5K shares border below 100@0.31 100@0.31 + 100@0.32. And all clear with time order.
2. At lest make bidders to write post numbers in their messages:
#25 100@0.3 - confirm
#27 200@0.35 - cancel
new 250@0.35

Too many "suggestions" from me, I see. But I am simply trying to make things more clear, sorry if it is too annoying...

No, it is not annoying, I appreciate all your input if it improves the processing in any way.

Openly speaking, I did not expect so many pitfalls and sources for misunderstanding when I started this auction. Reading other threads seemed that it is an easy process - which in fact is if you are bidding for one item. I am trying to adapt what I know from commercial bidding platforms and use common sense, so I'm sorry it still bears so much confusion.

As for the bid updates:
The problem you were describing does actually not exist: updating a bid goes only one direction, i.e. you con only update an existing bid for the same amount of shares by increasing the price. Everything else is not an update but a new bid. So posting 5000@0.8 first and 1@0.4 after will result in two active bids, otherwise the whole bidding process won't work.


I added the post numbers to the bid status table and think it is quite clear. I'd refrain from adding more data to it and make it less readable, since I think it serves its purpose and we have the complete bid log in case of disputes available anyhow.

What do you think?

[Vezunchik]

As for the bid updates:
The problem you were describing does actually not exist: updating a bid goes only one direction, i.e. you con only update an existing bid for the same amount of shares by increasing the price. Everything else is not an update but a new bid. So posting 5000@0.8 first and 1@0.4 after will result in two active bids, otherwise the whole bidding process won't work.


I added the post numbers to the bid status table and think it is quite clear. I'd refrain from adding more data to it and make it less readable, since I think it serves its purpose and we have the complete bid log in case of disputes available anyhow.

What do you think?

Well, new rule "you con only update an existing bid for the same amount of shares by increasing the price" makes things absolutely clear, thank you. (If this question was for me...)

[zefir]

That is what I was talking about. At that moment  mb300sd bid 300@0.31#37 was active. People overbid simply because they can't understand where is 5K border and what amount they will pay for. Or may be I can't understand mb300sd and others plan...

Nah, please understand that this is not an automated auction system. I have a life and am not going to wait for any bid to update the table 24/7. I got a day job to handle, so that is just not doable.

I update the table twice a day and I am expecting anyone to be able to add the new bids since last status update for his decision. Otherwise, he would just wait for the next update.

I do not really see the problems addressed here being issues for the following reasons

• non disputable: every single event is logged in this thread, there is nothing to dispute; it is not really relevant to bother bid history now when those bids are going to fall over anyhow
• no urgency: since the auction ends only after 12h without counter-bids, there is no need to worry a sudden closure; if there are disputes about bid orders and such, we have enough time to resolve them; you won't run into a situation where you missed a bid or placed a wrong one caused by premature ending

So please let us be sane and make this an enjoyable experience for us all. I assure you there will be no reason for disputes.

[asnonmous]

100 shares @ 0.38 each

Hopefully the 5000 guy now understands that he doesn't need to keep bidding his own prices up.

Since I've also gotten a PM about this, I thought I'd clarify.  I'm not driving my own prices up.  Someone else bid for 4500 shares @ 0.36, above me.  Zefir's offer is for up-to an extra 1500 shares for someone who buys 3500+, so I'm not going to outbid someone who puts up a 100 or 200 share bid.

Similarly, there are a lot of other ASICMiner share auctions going on right now, and the open market is coming soon.  So clearly there is a cap on what these are worth, for each person to determine.  Its kind of like buying and selling in the pre-and-post market times on the NYSE- You can buy, but it is at your own risk, and often you'll buy at one price only to have the actual market opening price be wildly different.  We are a subset of the population that specifically looked for these shares, and thus, values them a lot.

[zefir]

As for the bid updates:
The problem you were describing does actually not exist: updating a bid goes only one direction, i.e. you con only update an existing bid for the same amount of shares by increasing the price. Everything else is not an update but a new bid. So posting 5000@0.8 first and 1@0.4 after will result in two active bids, otherwise the whole bidding process won't work.


I added the post numbers to the bid status table and think it is quite clear. I'd refrain from adding more data to it and make it less readable, since I think it serves its purpose and we have the complete bid log in case of disputes available anyhow.

What do you think?

Well, new rule "you con only update an existing bid for the same amount of shares by increasing the price" makes things absolutely clear, thank you. (If this question was for me...)

Yes it was a response to your previous question. If you ever participate in other auctions, you should know that you can't update bids to the wrong direction

But glad to hear you're now fine with the rule.


Cheers

[Vezunchik]

Please, don't take it personally. I simply looked through messages in a chronological order, filling in my table. And I was surprised when saw a bid raising price without need. That's all.

That is what I was talking about. At that moment  mb300sd bid 300@0.31#37 was active. People overbid simply because they can't understand where is 5K border and what amount they will pay for. Or may be I can't understand mb300sd and others plan...

Nah, please understand that this is not an automated auction system.

[wisard]

My new bid.

300 shares @ 0.4
200 shares @ 3.8

[Vezunchik]

Sorry again, I assure you - there is no problems. Just surprise and desire to understand the reason.

I'll make no posts causing disputes or doubts from this moment - just bids.

I do not really see the problems addressed here being issues for the following reasons

• non disputable: every single event is logged in this thread, there is nothing to dispute; it is not really relevant to bother bid history now when those bids are going to fall over anyhow
• no urgency: since the auction ends only after 12h without counter-bids, there is no need to worry a sudden closure; if there are disputes about bid orders and such, we have enough time to resolve them; you won't run into a situation where you missed a bid or placed a wrong one caused by premature ending

So please let us be sane and make this an enjoyable experience for us all. I assure you there will be no reason for disputes.

At the moment bids looks like:

Post[/u]	Confirmed[/u]	Name[/u]	Amount[/u]	Price per share[/u]	Shares left[/u]	Shares bought[/u]
35	Canceled	ThickAsThieves	200	0,3	-22200	0
26	Canceled	PM.3	3300	0,3	-22000	0
23	Canceled	wisard	200	0,3	-18700	0
16	Canceled	kjj	100	0,3	-18500	0
15	Canceled	ThickAsThieves	200	0,3	-18400	0
7	Canceled	DiabloD3	300	0,3	-18200	0
37	Canceled	mb300sd	300	0,31	-17900	0
35	Canceled	ThickAsThieves	100	0,31	-17600	0
33	Canceled	DiabloD3	300	0,31	-17500	0
29	Canceled	wisard	200	0,31	-17200	0
59,1	Canceled	PM.9	200	0,33	-17000	0
51	Canceled	bitcad	100	0,33	-16800	0
50	Canceled	DiabloD3	300	0,33	-16700	0
48	Canceled	mb300sd	300	0,33	-16400	0
39	Canceled	ahdinosaur	100	0,33	-16100	0
38	Canceled	ghostshirt	300	0,33	-16000	0
59	Canceled	PM.7	5000	0,35	-15700	0
64	Canceled	LainZ	100	0,37	-10700	0
69		qukkM	200	0,3	-10600	0
25		superbit	100	0,3	-10400	0
24		Blazr	100	0,3	-10300	0
22		PM.2	700	0,3	-10200	0
21		Vezunchik	100	0,3	-9500	0
9		SaintFlow	100	0,3	-9400	0
8		Vezunchik	300	0,3	-9300	0
34		PM.2	800	0,31	-9000	0
32		TradeFortress	100	0,31	-8200	0
31		Vezunchik	400	0,31	-8100	0
26		skibum	100	0,31	-7700	0
43		ThickAsThieves	300	0,32	-7600	0
34		PM.4	200	0,32	-7300	0
30		superbit	100	0,32	-7100	0
53		ahdinosaur	200	0,34	-7000	0
47		wisard	300	0,34	-6800	0
64.1		PM.9	200	0,36	-6500	0
77		PM.3	4500	0,36	-6300	0
63		DiabloD3	200	0,36	-1800	0
61		mb300sd	500	0,36	-1600	0
47		wisard	300	0,36	-1100	0
66		qukkM	200	0,365	-800	0
78		PM.7	5000	0,37	-600	4400
65		ghostshirt	300	0,37	4400	300
62		bitcad	100	0,37	4700	100
84		LainZ	100	0,38	4800	100
82		kjj	100	0,38	4900	100
					5000

So my bid is 200@0.38

[Vezunchik]

Wow!

My new bid.

300 shares @ 0.4
200 shares @ 3.8

[Vezunchik]

Made some mistakes. So to prevent disputes re-post:

Post	Confirmed	Name	Amount	Price per share	Shares left	Shares may bought
78		PM.7	5000	0,37	-1300	3700
65		ghostshirt	300	0,37	3700	300
62		bitcad	100	0,37	4000	100
94		Vezunchik	200	0,38	4100	200
84		LainZ	100	0,38	4300	100
82		kjj	100	0,38	4400	100
93		wisard	300	0,4	4500	300
93,1		wisard	200	3,8	4800	200
					5000

[zefir]

Current bidding state (2012-02-15T20:30Z):

-- # -- -----Bidder----- --Amount-- --BTC/Share--
  93     wisard             300        0.40
  82     kjj                100        0.38
  84     LainZ (PM)         100        0.38
  93     wisard             200        0.38
  94     Vezunchik          200        0.38
  62     bitcad             100        0.37
  65     ghostshirt         300        0.37
  78     asnonmous         3700        0.37
-------------------- Outbid -------------------
  78     asnonmous         1300        0.37
  47     wisard             300        0.36
  61     mb300sd            500        0.36
  63     DiabloD3           200        0.36
  77     PM.3              4500        0.36
  44     PM.8              1400        0.35
  59     PM.7              5000        0.35
  47     wisard             300        0.34
  53     ahdinosaur         200        0.34
  44     PM.6               100        0.33
  44     PM.7              1000        0.33
  48     mb300sd            300        0.33
  50     DiabloD3           300        0.33
  59     PM.9               200        0.33
  30     superbit           100        0.32
  34     PM.4               200        0.32
  43     ThickAsThieves     300        0.32
  18     skibum (PM.1)      100        0.31
  31     Vezunchik          400        0.31
  32     TradeFortress      100        0.31
  34     PM.2               800        0.31
  37     mb300sd            300        0.31
   8     Vezunchik          300        0.30
   9     SaintFlow          100        0.30
  16     kjj                100        0.30
  21     Vezunchik          100        0.30
  22     PM.2               700        0.30
  23     wisard             200        0.30
  24     Blazr              100        0.30
  25     superbit           100        0.30
  26     PM.3              3300        0.30
  69     qukkM              200        0.30
------- ---------------- ---------- -----------

[zefir]

Update bid to 200 @ 0.36

It already got outbid, but could you please specify what kind of update you meant:
1) update your existing 300 @ 0.33 to 100 @ 33 + 200 @ 36
2) add a new bid on top of your existing one

See how simple things get complicated

200 @ 0.365

This also got outbid, but to make clear: prices are multiples of Bitcents, so that was an invalid bid and therefore not recorded.

[Vezunchik]

See how simple things get complicated

[DiabloD3]

Update bid to 200 @ 0.36

It already got outbid, but could you please specify what kind of update you meant:
1) update your existing 300 @ 0.33 to 100 @ 33 + 200 @ 36
2) add a new bid on top of your existing one

See how simple things get complicated

Clearly, update it. Although, either way, it leads to the same thing: I'm outbid at 0.33. And now I'm outbid at 0.36.