Auction - ASICMINER | 110 shares | 1 BTC each | 1 Day

[qwk]

30 @ 1.1

[Lethos]

30 @ 1.1

Updated in my file.

[Lethos]

Updated Tally of Valid Bids.
(Let me know if you spot any mistakes)

Code:

Name			Bid			Tally

aahzmundus		30@ 1.10		30
qwk			30@ 1.10		60
vortex1878		5 @ 1.10		65
maxmint			5 @ 1.10		70
SilentSonicBoom		3 @ 1.10		73
nightengale		1 @ 1.10		74
Nancarrow		54@ 1.05		98 (36 @ 1.05)

[nightengale]

I have a procedural question -- should those who come in at a given price point earlier than others retain a higher spot in the bid list, or should people who subsequently come in at the same price point later be placed above them? I think I was the second to come in at 1.10 but I'm now at the bottom of that price group.

Not trying to rock the boat, I'm just a little bit of a noob and want to make sure I understand how this all works.

[oaxaca]

It's up to the auctioneer.  It could go either way. 
Higher number of shares @ 1.1 or earlier bid @ 1.1

[nightengale]

Like I said, noob question.    : )

Thank-you for explaining.

[hephaist0s]

Explanation would be great. I was the first at 1.05, but if volume trumps my 8 shares, I understand.

[Lethos]

I did go with Volume priority in this auction, since at the end of this auction, I do have to coordinate with Friedcat (and potentially all the escrows), individually and manually the move of every ones share, since these are not on a exchange. Volume priority does help in this aspect.
My apologies for any confusion If my first reply in here did not explain very well, but it was the secondary ordering after bidded price and if I strayed away from standard practises here, it is my first one on this board it was not my intention.

[Lethos]

About 1 hour left.

Just to remind people, if you want to use an escrow let me know.

[furuknap]

20@1.1

I would like to use burnside as escrow to transfer the shares to the BTCT PT. I will contact him shortly after the auction ends if I win.

.b

[John (John K.)]

 

Update

Deploying
Heading to 15TH/s or more in the following 7 days.

USB Stick
The sample batch will be ready in 5 days.

Also, we will announce more news before the next update.

[furuknap]

Update

Deploying
Heading to 15TH/s or more in the following 7 days.

USB Stick
The sample batch will be ready in 5 days.

Also, we will announce more news before the next update.

Well, the plan was to deply 50 TH/s or more, which was what the market was recently told.

:-P

.b

[Lethos]

20@1.1

I would like to use burnside as escrow to transfer the shares to the BTCT PT. I will contact him shortly after the auction ends if I win.

.b

Updated in my file.

Last minute bids...

[aahzmundus]

40 @ 1.1 (did this bid make it before auction close?)

[aahzmundus]

BTW last bid REPLACED my old bit... not in addition (eak!)

[furuknap]

I have 14:00 GTM right now.

[Lethos]

40 @ 1.1 (did this bid make it before auction close?)

Updated in File. (Yes this is before Auction close)

[Lethos]

I have 14:00 GTM right now.

Confirmed. You did post exactly at the closing time for bids.

Tallying winning bids now.

[nightengale]

1 @ 1.15

(updated bid, still one share total)

[Lethos]

1 @ 1.15

(updated bid, still one share total)

Bidding has closed. By all means tip me if you like, since it does not effect the fact that you still had a winning bid.
You bid stands at 1.10 for 1 share as a valid bid.