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

[cycloid]

Please report your payment here as you make it.

My wallet to send coins for public verification : 12EujDPYAV4Kp2x72tEeYpRfAH5RoDAy4q

https://blockchain.info/address/12EujDPYAV4Kp2x72tEeYpRfAH5RoDAy4q   

[CoinHoarder]

The auction has finished. Please send your payments to Cycloid's address: 12EujDPYAV4Kp2x72tEeYpRfAH5RoDAy4q

In case of disputes, please only send with an address that is under your control and you can sign with.

Winners
josh4580           10 Gh @ 1.924 BTC    = 19.24 BTC
drlatino999        10 Gh @ 1.924 BTC    =  19.24 BTC
skidelo              20 Gh @ 1.924 BTC     =  38.48 BTC
yolo                    5 Gh @ 1.925 BTC    =  9.625 BTC
Ajay             1.971 GH @ 1.924 BTC    =  3.792204 BTC
Superduh            5 Gh @ 1.95             =  9.75 BTC


Guess Cycloid beat me to it, but I have calculated what everyone needs to send in for your convenience.

Thanks 

[josh4580]

Cycloid,

I dont have access to my desktop now

I can send you payment later tonight.

[cycloid]

Cycloid,

I dont have access to my desktop now

I can send you payment later tonight.

Sounds good please post here right after you do!

[drlatino999]

Sent - TX ID - d6ceab11eddc18f6ebdd925644153234619a8554df664ac20644b09f09ba9b95

[cycloid]

Recieved payment for: drlatino999 10 Gh 19.24 BTC

[skidelo]

I won't be home until later tonight either. But i'll send the agreed 2 BTC in earnest money as soon as I get home.

[cycloid]

I won't be home until later tonight either. But i'll send the agreed 2 BTC in earnest money as soon as I get home.

Sounds good. Post here once the payment is made for CoinHoarder to assign your share.

[josh4580]

Cycloid,

BTC has been sent

The transaction is under way, for your information, the transaction ID is:
3c9ab92a9b538afd53b694a3e746359a4bdc30434920cd34b08a0e678a581e03

What information do I need to give CoinHoarder now?

[CoinHoarder]

I will get in touch with all the winners soon after Cycloid receives your payment.

That's gonna have to wait until tomorrow though.. it is getting late here.

Thanks!

[CoinHoarder]

eh.. still awake.

SEE ABOVE FOR PAYMENT INFO. THIS INFORMATION IS ASSUMING YOU'VE ALREADY PAID.

This is just a bunch of accounting mumbo jumbo, sorry for the wall of text, but I thought I should explain it to you guys.

As per the OP, we auctioned off:
Cycloid's ownership: 63.1265 BTC
Cycloid's ownership percentage: ~ 8.73478368%
Cycloid's portion of hash speed: ~ 51.971 Gh

The 51.971 Gh is split like this between the winners:
josh4580           10 Gh
drlatino999        10 Gh
skidelo              20 Gh
yolo                    5 Gh
Ajay             1.971 Gh
Superduh            5 Gh

I do my books in BTC, that is how we've done it all along, but we made the auction in Gh so people can see what they are buying easily. From now on, each share you own will be now be converted to an amount of BTC. This is only so that I can put you in my ownership spreadsheet, which is calculated by the original amount of BTC each investor invested.

The formula I used to determine your share amounts is simple cross multiplication: (Gh Won in Auction) x (Cycloid's original investment) / (Cycloid's total hash speed) = (Your amount of shares in the group buy in BTC)

So... assuming you payed, you now own the following shares in the group buy:
josh4580             12.1464855400127             +partialsatoshi=    12.14648555 BTC
drlatino999          12.1464855400127              +partialsatoshi=   12.14648555 BTC
skidelo                 24.2929710800254             +partialsatoshi=   24.29297109 BTC           
yolo                      6.07324277000635            +partialsatoshi=    6.07324278 BTC         
Ajay                      2.394072299936503          +partialsatoshi=    2.39407230 BTC
Superduh              6.07324277000635            +partialsatoshi=    6.07324278 BTC
----------------------------------------------------------------------------------
                 Total: 63.1265 BTC              Total +partialsatoshis=    63.12650006

I am going to give you each a partial satoshi from my shares to make the numbers add up to a real Bitcoin amount. (because they are only divisible by to 0.00000001) 

I haven't messed up calculating any share transfers yet, but I must say that this was the hardest one so far because usually we do these in BTC not Gh, so please look over my work before we make these numbers final. If you have any questions let me know.

Thanks,

Ch

[skidelo]

2 BTC earnest money sent.
Transaction id: https://blockchain.info/tx/09c209228cb069eac73306779d5776c19102016209e3486cc0de82c57814b60c

Should have the rest of the bitcoins by mid next week.  Stupid ACH transactions take forever...

[jc328]

Hey, Just saw this post a bit too late.  Would have loved to throw in a bid for half of the shares.  Do you intend to take on more more at any point or do you recommend another group if you are not currently adding anymore?

thanks!
-JC 

[yolo2222]

9.625 BTC sent .

[Ajay]

payment sent Transaction ID: 0360ef54097f80c7db40e7c1ad52a9804faedd2ff0cdc5e8a3772cd73934c49e

[CoinHoarder]

Hey, Just saw this post a bit too late.  Would have loved to throw in a bid for half of the shares.  Do you intend to take on more more at any point or do you recommend another group if you are not currently adding anymore?

thanks!
-JC 

Maybe in the future. Honeslty I'm dealing with more investors than I originally intended/wanted to at the moment.

Perhaps after I get the Avalons in and streamline dividend payments and share transfers (we're probably going to go on an exchange), then I might look to expand a little bit. But for now I am content with the amount of hardware that we already have on the way.

Thanks for your interest.

[CoinHoarder]

All winners that have paid, I will be getting in contact with you most likely Sunday via PM to explain things a little more. I have plans tonight and a wedding out of town tomorrow. There is really no rush on this, the Avalons won't be here for at least another couple-few weeks.

Thanks!

[yolo2222]

Waiting for PM.

Where do I have to sign up? Only the forum?

Thanks

[CoinHoarder]

Yes, please sign up to our forums. That's pretty much all you guys need to do. PM Relm9 for posting privileges.

I am working on the share transfers for everyone that's paid right now and I will post an updated share transfer list and ownership percentages of the entire group here and on our forums also.

Thanks, sorry it took me a while to do this.. busy busy.

[CoinHoarder]

It seems that 4/6 winners have paid Cycloid in full: drlatino999, yolo2222, Ajay, josh4580

Skidel has partially paid (2 BTC), and Superduh has yet to send any funds in.

Please correct me if I'm wrong, thanks.