Shares in a BFL Single

[filharvey]

I have a BFL order (#2080) coming. Currently it is a Jalapeno, but I have been told I can upgraded to a Single. So with that I'm going to sell 8 shares worth 5% of the device and revenues from it's mining. A total of 20 shares will be effectively created, with me holding 12 of them.

I will host, and pay all electricity. The uptime will be as close as possible to 24/7 as I can physically manage. I will then pay out the revenue shares once a week to the owners of the shares.

I reserve the right to cancel this auction at any time.

If I sell the device, all the shareholders will be notified before the event and will be given a chance to purchase the device themself (with 48 hours). Anyway in the event of a sale all the shareholders will receive 5% of the sale price for each share they hold.

The bidding for each share starts at BTC2. Please bid in increments of BTC0.1.

You can buy out a share without bidding for BTC7.5.

The auction will run until May 1st or until all shares are sold for BTC7.5.

Phil

[Rampion]

If you are able to sell 40% of a Single you don't even own yet for $6.300 (7.5BTC*8*$105) I would be amazed. That would be aprox. x12 of your purchase price ($1,299*40%=$519,6).

Anyhow the auction will be interesting, let's see if the community thinks that this units will be shipped anytime soon (but I recommend you upgrading your order immediately and prove it)

[GMD1987]

I am interested in bidding but a bit concerned about how you will hold up your end of the deal.  Do you have a WoT account?  Will we be able to monitor the hashrate?

[filharvey]

I will put the single mining on eligius and provide a unique address for it, so people will be able to see what it is mining.

As for trust, I can provide some ID for people if they require it.

Phil

[filharvey]

Here is an image of the order.



Phil

[filharvey]

sorry here this works.

Phil

[Rampion]

sorry here this works.

Phil

Please post proof that you indeed ordered a Single.

[filharvey]

I'm trying to arranging for hosting to be done by inada so there will be not delay due to shipping either.

Yes 7.5 is high but as I've seen some sold for more it could be a good deal. And I personally think that you will get at least 50% return within the first month. It is a cheap and quick way to get in.

Phil

[filharvey]

Finally got this reply so upgrading now

Phil,

I will be glad to help you with your request to convert your order #2080 from 1 Jalapeno to either 1 Little Single or 1 SC Single; please let me know which one you want and I will send you an invoice for the appropriate amount. You will retain your original place in line.

Thank you,
Debbie
BFL Customer Service

Phil

[TheJuice]

to clarify is this a binding auction on your part come may 1st? or is your plan to only sell shares if it reaches 7. 5 btc?

[filharvey]

It will be binding. I will accept any bids below the BTC7.5 on the date. That is just what I think is max silly price but if people want in at that price fine. Honestly I think a price around 4-4.5 is about right. Just giving everyone the options.




Phil

[TheJuice]

It will be binding. I will accept any bids below the BTC7.5 on the date. That is just what I think is max silly price but if people want in at that price fine. Honestly I think a price around 4-4.5 is about right. Just giving everyone the options.




Phil

Thanks Phil. I need to sort out a few outstanding investments first, but will likely bid.

cheers

TJ

[filharvey]

Here is the paypal page of the invoice



and of my paypal account saying it is paid



I hope that helps a few people.

Phil

[filharvey]

I had a bid for all 8 shares at 2BTC, but it was via email.

Current Bids are:

Emil 8 @ 2BTC

Phil

[Rampion]

I had a bid for all 8 shares at 2BTC, but it was via email.

Current Bids are:

Emil 8 @ 2BTC

Phil

What a joke, so you can pump up the price as you wish, right?

[filharvey]

I can add the email, if you think bids should only be made on here, that is fine, I will take it down, and tell him to bid on here, but he said he was new.

Phil

[Matthew N. Wright]

I can add the email, if you think bids should only be made on here, that is fine, I will take it down, and tell him to bid on here, but he said he was new.

Phil

Of course they should only be done here.  You could also require the bidders to have created their account only after a certain date too if you wanted to be even stricter, but it's too late since it's already started.

[filharvey]

From now on, As suggested I will only take bids made here.

Phil

[Matthew N. Wright]

I say this tongue in cheek somewhat, but when did they say it would be delivered?

[Rampion]

I say this tongue in cheek somewhat, but when did they say it would be delivered?

October 2012!