63.1265 BTC share of CoinHoarder's Avalon Batch 3 Group Buy (3 day auction!)

[CoinHoarder]

Hi everyone!

I am here representing Cycloid, a member in my Batch 3 Avalon group buy. He would like to auction off his share of our investment, which totals to 63.1265 BTC.

Group buy information:
Original Thread: https://bitcointalk.org/index.php?topic=157930.0
Our Forums: http://yourcoins.org/forums/index.php?forums/avalon-group-buy.2/
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 my 3% hosting fee are taken out.
Total BTC invested in the group buy: 722.7025 BTC
595 Gh total from all Seven Avalons

Cycloid's Ownership Information:
Cycloid's ownership: 63.1265 BTC
Cycloid's ownership percentage: ~ 8.73478368%
Cycloid's portion of hash speed: ~ 51.971 Gh

The auction will last 3 days from the time of this OP (7:43 CST, 4/29/2013).

The starting bid is 100 BTC.

Cycloid should be posting with a reply shortly to confirm that he does indeed wish to sell his shares.

Thanks,

Ch

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[cycloid]

Yep lets do dis

I personally guarantee that it will go to highest bidder at the end of the auction. NO PM's everything will be done official and in the open.

Cheers

[cycloid]

Just to make it interesting I can sell it in portions of
10GHash X 20BTC starting bids , this means you can bid

20GH @ 21BTC and so on as long as starting point is with in lowest bid of 100GH for full share.

[josh4580]

Cycloid, why are you selling out now?

Have you lost confidence Avalon will deliver?

[cycloid]

Cycloid, why are you selling out now?

Have you lost confidence Avalon will deliver?

Not at all, I just bought BFL 1.5TH September 15th preorder and with that kind of hashing power I dont mind waiting another 6months a year

Just trying to take some profits in BTC and hold while I wait.

[josh4580]

Just to make it interesting I can sell it in portions of
10GHash X 20BTC starting bids , this means you can bid

20GH @ 21BTC and so on as long as starting point is with in lowest bid of 100GH for full share


-Cycloid, please recheck these numbers.  This doesnt make sense to me at all.

How can we bid for portions of the ~51 GH/s?

[cycloid]

Hi everyone!

I am here representing Cycloid, a member in my Batch 3 Avalon group buy. He would like to auction off his share of our investment, which totals to 63.1265 BTC.

Cycloid's Ownership Information:
Cycloid's ownership: 63.1265 BTC
Cycloid's ownership percentage: ~ 8.73478368%
Cycloid's portion of hash speed: ~ 51.971 Gh

How can we bid for portions of the ~51 GH/s?

This was a group buy, so I can sell of my entire position or shares.

[josh4580]

So can I assume that the minimum bid is 100 BTC for the whole stake.

And also, the minimum bid is 1.924BTC per GH/s?

100BTC/51.971 Gh=1.924 BTC

[cycloid]

So can I assume that the minimum bid is 100 BTC for the whole stake.

And also, the minimum bid is 1.924BTC per GH/s?

100BTC/51.971 Gh=1.924 BTC

[cycloid]

^correct

[josh4580]

Ok I am interested.  Lets get this thing started.

5 GH at 9.62 BTC

[drlatino999]

When were you projecting / guestimating receipt of the Batch 3 units, and start up of the mining process?

[drlatino999]

When were you projecting / guestimating receipt of the Batch 3 units, and start up of the mining process?

BTW - 10 GH @ 19.24

[CoinHoarder]

When were you projecting / guestimating receipt of the Batch 3 units, and start up of the mining process?

I will get them online as soon as I receive them from Avalon... I have the place and the power/cooling infrastructure ready to go as soon as they arrive.

Batch 3 was set to deliver on May 5th, but seeing as though Avalon has delayed Batch 2, I am guessing they will start shipping Batch 3 later in May. How late? That's anyone's guess, there's only so much you can do with incomplete information.

[CoinHoarder]

Current winning bids
josh4580     -    5 GH @ 9.62 BTC
drlatino999   -  10 GH @ 19.24 BTC

[skidelo]

20 GH @ 38.48 BTC

[Tomintx]

Current winning bids
josh4580     -    5 GH @ 9.62 BTC
drlatino999   -  10 GH @ 19.24 BTC

I am not the auction police.  I am confused by these bids.  Are we talking about 5GH for 9.62BTC, or 5GH for 48.1BTC? 

Most auctions I have watched on this site is (Item Qty @ Price Each).  Meaning: Total = Item Qty * Price Each 

If I were to bid, I'd like to know the translation to total BTC, so that I am not misunderstood.

Is the OP willing to sell integer GH values, or multiples of 10GH values?

I apologize for confusion, but I am only recently graduated from newbie jail.

[cycloid]

Current winning bids
josh4580     -    5 GH @ 9.62 BTC
drlatino999   -  10 GH @ 19.24 BTC

I am not the auction police.  I am confused by these bids.  Are we talking about 5GH for 9.62BTC, or 5GH for 48.1BTC? 

Most auctions I have watched on this site is (Item Qty @ Price Each).  Meaning: Total = Item Qty * Price Each 

If I were to bid, I'd like to know the translation to total BTC, so that I am not misunderstood.

Is the OP willing to sell integer GH values, or multiples of 10GH values?

I apologize for confusion, but I am only recently graduated from newbie jail.

Lowest is 5Ghash .

Bidding increment of 0.5BTC please or this is going to be frustrating to watch lol

[CoinHoarder]

Current winning bids
josh4580     -    5 GH @ 9.62 BTC
drlatino999   -  10 GH @ 19.24 BTC

I am not the auction police.  I am confused by these bids.  Are we talking about 5GH for 9.62BTC, or 5GH for 48.1BTC? 

Most auctions I have watched on this site is (Item Qty @ Price Each).  Meaning: Total = Item Qty * Price Each 

If I were to bid, I'd like to know the translation to total BTC, so that I am not misunderstood.

Is the OP willing to sell integer GH values, or multiples of 10GH values?

I apologize for confusion, but I am only recently graduated from newbie jail.

I agree, it can be confusing compared to most other auctions on this site.. I only copy and pasted the bids earlier in the format the bidders submitter. To avoid confusion, I will convert the auction to this format (Item Qty @ Price Each.)

Everyone please only bid in the following format: Gh wanted @ price per Gh
As Cycloid stated, each bid must be for a minimum of 5 Gh.

Current winning bids:
josh4580     -    5 GH @ 1.924 BTC
drlatino999   -  10 GH @ 1.924 BTC
skidelo         -   20 GH @ 1.924 BTC

[josh4580]

CoinHoarder,

Please change my bid to 10 GH @ 1.924 BTC