[2 days]: [100 direct ASICMINER shares]

[phr33]

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

I'm selling off some of my ASICMINER shares. These are directly owned shares so no pass-through involved.

Bidding rules
- - A total of 100 ASICMINER shares are offered
- - Minimum number of shares per bidder is 5
- - Minimum bid increment is BTC0.02
- - Starting bid is BTC1.20
- - Auction completes May 7th, 2013 - 10:00 [GMT] (see countdown timer)

Timer removed. End time: 2013-05-07+05:00:00

Payment
- - Payment must be completed 48 hours after this auction completed
- - You may use trusted escrow service. The buyer pays any fees
- - Next week's dividends is not included. First dividends is expected May 15th

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Version: GnuPG v1.4.2 (MingW32)

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[1715124866]

1715124866

[1715124866]

1715124866

[1715124866]

1715124866

[phr33]

[reserved]

[chaxattack]

15 @ 1.3

[nagnagnag2]

5 @ 1.2

[fhh]

20@1.2

[phr33]

Thanks for all the bids so far!

So, we got:

User	Shares	Price	Shares left
chaxattack	15	1.30	85
nagnagnag2	5	1.20	80
fhh	20	1.20	60

[chaxattack]

Please retract my bid. Used my coins elsewhere...

[JaredR26]

Please retract my bid. Used my coins elsewhere...

This is the auction subforum.  Retracting bids risks being labeled with a scammer tag unless the auctioner ok's it.

[CanaryInTheMine]

Please retract my bid. Used my coins elsewhere...

This is the auction subforum.  Retracting bids risks being labeled with a scammer tag unless the auctioner ok's it.

registered as of 4 day ago... go figure!!

[phr33]

Please retract my bid. Used my coins elsewhere...

This is the auction subforum.  Retracting bids risks being labeled with a scammer tag unless the auctioner ok's it.

I guess I could have been clearer that bids are considered binding. Let this be a soft warning.

Current bid list:

User	Shares	Price	Shares left
nagnagnag2	5	1.20	95
fhh	20	1.20	75

I think the current price level is very low. The upcoming dividends are likely to almost double due to the increased hashrate. ASICMINER is dominating the network at the moment!

[chaxattack]

Please retract my bid. Used my coins elsewhere...

This is the auction subforum.  Retracting bids risks being labeled with a scammer tag unless the auctioner ok's it.

I guess I could have been clearer that bids are considered binding. Let this be a soft warning.

Current bid list:

User	Shares	Price	Shares left
nagnagnag2	5	1.20	95
fhh	20	1.20	75

I think the current price level is very low. The upcoming dividends are likely to almost double due to the increased hashrate. ASICMINER is dominating the network at the moment!

Indeed a newb here. Put my bid back in. I'll play fair.

[phr33]

Indeed a newb here. Put my bid back in. I'll play fair.

Welcome to bitcointalk 

That's a nice and much appreciated gesture!
I'm sure you will be happy with your investment. It's most likely to rise in value both in long and short term.

As with everything in the bitcoin world it's of course associated with risks. The reason I'm selling off half of my shares now is to spread my risks. Too many eggs in one basket


So back in the table:

User	Shares	Price	Shares left
chaxattack	15	1.30	85
nagnagnag2	5	1.20	80
fhh	20	1.20	60

Cheers

[diotime]

5 @ 1.2

[phr33]

Thanks!

User	Shares	Price	Shares left
chaxattack	15	1.30	85
nagnagnag2	5	1.20	80
fhh	20	1.20	60
diotime	5	1.20	55

[phr33]

I've been in contact with John regarding escrow service for this auction and we should be ready to roll!

For simplicity I would appreciate if all buyer who want to use an escrow do so through John. Thanks.

[btc6000]

How much is the expected dividend per share per week?

Cheers

[phr33]

How much is the expected dividend per share per week?

Cheers

Last week it was BTC0.00735416/share

We should see a significant jump this week as the total hashrate has about doubled:
https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=7

I haven't followed how the further selling of ASICs has developed. Any sales adds nicely to the coins earned from mining

My guess would be in the BTC0.01/share region. Hopefully that's a bit conservative too. Anyone else seen a more detailed estimate?

[JaredR26]

How much is the expected dividend per share per week?

Cheers

Last week it was BTC0.00735416/share

We should see a significant jump this week as the total hashrate has about doubled:
https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=7

I haven't followed how the further selling of ASICs has developed. Any sales adds nicely to the coins earned from mining

My guess would be in the BTC0.01/share region. Hopefully that's a bit conservative too. Anyone else seen a more detailed estimate?

That's about right.  If we can break 30 TH/s before Avalon B3 ships and before BFL sc singles ship, it will be much higher, potentially in the 0.02 range.

[pangu]

will the dividents be paid weekly?

[btc6000]

5 @ 1.2

[JaredR26]

will the dividents be paid weekly?

Yes, dividends are weekly.  Paid on Wednesdays.

[pangu]

-what Hash rate is one share?
-are the dividends paid directly or via a service like https://bitfunder.com ?
thx

[phr33]

User	Shares	Price	Shares left
chaxattack	15	1.30	85
nagnagnag2	5	1.20	80
fhh	20	1.20	60
diotime	5	1.20	55
btc6000	5	1.20	50

[phr33]

-what Hash rate is one share?
-are the dividends paid directly or via a service like https://bitfunder.com ?
thx

There are a total of 400'000 shares, so each is share correspond to 1/400'000th of ASICMINER's total hashrate so share owners directly benefit from ASICMINER's continuous growth.

The current total hashrate is ~18TH -> 45 MH/s per share.

The yet announced expansion is to ~262TH -> 655 MH/s per share.
There is no exact date, but I think the general belief is around June time frame. Please check the ASICMINER thread for more details.

[phr33]

-are the dividends paid directly or via a service like https://bitfunder.com ?

They are paid directly to the bitcoin address registered for each share. If you buy any share from me in this auction, I'll notify friedcat (the man in charge of ASICMINER) and he'll assign the appropriate number of shares to your bitcoin address.

[BitcoinOxygen]

I can offer escrow for this auction.

@OP : Let me know if interested.

[pangu]

There are a total of 400'000 shares, so each is share correspond to 1/400'000th of ASICMINER's total hashrate so share owners directly benefit from ASICMINER's continuous growth.

The current total hashrate is ~18TH -> 45 MH/s per share.

The yet announced expansion is to ~262TH -> 655 MH/s per share.
There is no exact date, but I think the general belief is around June time frame. Please check the ASICMINER thread for more details.

so we are talking about shares from this:
https://bitcointalk.org/index.php?topic=99497.0
?

[phr33]

so we are talking about shares from this:
https://bitcointalk.org/index.php?topic=99497.0
?

Yes, that's correct 

[phr33]

I can offer escrow for this auction.

@OP : Let me know if interested.

Thanks, I've already been in contact with John regarding using his escrow service. But I'll consider you as a back up solution. Do you have any references as a provider of this service?

[phr33]

Possibly important clarification to the bidding rules:
The auction end time is set to "May 7th, 2013 - 10:00 [GMT]" and with the provided countdown timer.
It's a bit problematic that correct time, forum time and countdown time may be a couple of seconds apart.
In case of last second/borderline bids, the forum time, i.e. the timestamp in the bidding message will determine the validity of the bid.

It doesn't look like it's going to be such a rush, but you never know 

[pangu]

i'm in:
5 @ 1.2

[phr33]

Thanks 

User	Shares	Price	Shares left
chaxattack	15	1.30	85
nagnagnag2	5	1.20	80
fhh	20	1.20	60
diotime	5	1.20	55
btc6000	5	1.20	50
pangu	5	1.20	45

[wonko]

5@1.2

[kevzor]

Hi I am new to this how do I bid for 100 shares?

[superduh]

5@1.2

[Nathaniel B]

50 @ 1.22

[Ties42]

5 @ 1.28

[dmcdad]

Hi I am new to this how do I bid for 100 shares?

Just reply with a line that shows QUANTITY @ PRICE, where price is the BTC you are willing to pay per share. Keep in mind your bid is binding and you'll need to be able to pay in BTC within 48 hours for most auctions (which if you don't have the BTC already in a wallet can be more challenging than one might expect).

[julz]

4 @ 1.22

[superduh]

Someone update list, im confused

[bcpokey]

Someone update list, im confused

It isn't that confusing, this is not official but unofficially the list would look like so:

User   Shares   Price   Shares left
chaxattack   15   1.30   85
tier             5     1.28  80
nathaniel    50     1.22 30
julz             4     1.22 26
nagnagnag2   5   1.20   21
fhh   20   1.20   1
diotime   5(1)   1.20   0

I guess julz 4 bid is a little confusing. Newer 1.2 bids knocked out by higher bids.

[phr33]

Code:

User        Shares  Price  Shares left   
--------------------------------------
chaxattack    15    1.30    85  
Ties42        5     1.28    80  
Nathaniel B   50    1.22    30  
nagnagnag2    5     1.20    25  
fhh           20    1.20    5  
diotime       5     1.20    0  
--------------------------------------  
btc6000       5     1.20    0  
pangu         5     1.20    0  
wonko         5     1.20    0  
superduh      5     1.20    0  

[phr33]

4 @ 1.22

Invalid bid as the bid must be for at least 5 shares.

My idea was actually "even multipliers of 5", but I wasn't 100% clear on that. Try to stick to that if possible. Thanks.

[phr33]

Hi I am new to this how do I bid for 100 shares?

You bid by posting a message in this thread with the format

number of chares @price per share

e.g. to buy all 100 shares for BTC1.50:

100 @ 1.50


Or any format that can't be misinterpreted will pretty much do 

And yes, please note that bids are binding. Moderators will supervise and take action (tag as scammer etc) on those who place false bids or otherwise interrupt the bidding process. So please think it through before placing a bid.

Only about 5 hours left!

[julz]

4 @ 1.22

Invalid bid as the bid must be for at least 5 shares.

My idea was actually "even multipliers of 5", but I wasn't 100% clear on that. Try to stick to that if possible. Thanks.

Sorry - please update to 5 - thanks!

[phr33]

Thanks

Code:

User        Shares  Price  Shares left   
--------------------------------------
chaxattack    15    1.30    85  
Ties42        5     1.28    80  
Nathaniel B   50    1.22    30  
julz          5     1.22    25
nagnagnag2    5     1.20    20  
fhh           20    1.20    0  
--------------------------------------  
diotime       5     1.20    0  
btc6000       5     1.20    0  
pangu         5     1.20    0  
wonko         5     1.20    0  
superduh      5     1.20    0  

[superduh]

5@1.23

[phr33]

Thanks

Code:

--------------------------------------
chaxattack    15    1.30    85  
Ties42        5     1.28    80  
superduh      5     1.23    75
Nathaniel B   50    1.22    25  
julz          5     1.22    20
nagnagnag2    5     1.20    15  
fhh           20*   1.20    0    *Only 15 valid
--------------------------------------  
diotime       5     1.20    0  
btc6000       5     1.20    0  
pangu         5     1.20    0  
wonko         5     1.20    0    

[phr33]

Oops, lost the header 

Code:

User        Shares  Price  Shares left   
--------------------------------------
chaxattack    15    1.30    85  
Ties42        5     1.28    80  
superduh      5     1.23    75
Nathaniel B   50    1.22    25  
julz          5     1.22    20
nagnagnag2    5     1.20    15  
fhh           20*   1.20    0    *Only 15 valid
--------------------------------------  
diotime       5     1.20    0  
btc6000       5     1.20    0  
pangu         5     1.20    0  
wonko         5     1.20    0  

[diotime]

10@1.22

[phr33]

Code:

User        Shares  Price  Shares left   
--------------------------------------
chaxattack    15    1.30    85  
Ties42        5     1.28    80  
superduh      5     1.23    75
Nathaniel B   50    1.22    25  
julz          5     1.22    20
diotime       10    1.22    10  
nagnagnag2    5     1.20    5  
fhh           20*   1.20    0    *Only 5 valid
--------------------------------------  
btc6000       5     1.20    0  
pangu         5     1.20    0  
wonko         5     1.20    0  

[phr33]

Note that any bid is considered a new bid, unless explicitly stated that it replaces an old bid.
It's of course of less importance if the old bid has been outbid (is outside of the 100 offered shares)

[phr33]

10@1.22

I took the liberty to interpret this as a replacement of your old bid. Your old bid was outbid, but could in theory be brought back if anyone above it fails to deliver.

Please let me know if you want your bid at 1.20 to remain as well. It should not matter, but anyway...

[diotime]

10@1.22

I took the liberty to interpret this as a replacement of your old bid. Your old bid was outbid, but could in theory be brought back if anyone above it fails to deliver.

Please let me know if you want your bid at 1.20 to remain as well. It should not matter, but anyway...

Yes, that's ok. My total bid is 10@1.22.

[diotime]

I have a question : What is the process to sell back shares later, if I decide to ? How will i prove to Asicminer to be the owner ?

[JaredR26]

I have a question : What is the process to sell back shares later, if I decide to ? How will i prove to Asicminer to be the owner ?

The shares you own are controlled by Friedcat; he maintains the central and authorative list.  They are tied to a bitcoin address that you give him.

To transfer them to someone else, you just PM him; If needed, you sign the message with bitcoin-qt and the address you control.

That's all there is to it.  As far as friedcat is concerned, they are just transfers from one person to another.  The escrowing, sales, bidding, and even the markets on the passthrough's are all separate from him and Asicminer.

[phr33]

I have a question : What is the process to sell back shares later, if I decide to ? How will i prove to Asicminer to be the owner ?

The shares you own are controlled by Friedcat; he maintains the central and authorative list.  They are tied to a bitcoin address that you give him.

To transfer them to someone else, you just PM him; If needed, you sign the message with bitcoin-qt and the address you control.

That's all there is to it.  As far as friedcat is concerned, they are just transfers from one person to another.  The escrowing, sales, bidding, and even the markets on the passthrough's are all separate from him and Asicminer.

Yes, thanks.

And I guess if problem arises, an ultimate sign of ownership could be provided by sending a requested amount of satoshis FROM the address registered to some shares. I'm not sure if Friedcat has ever had to fall back on this, but it should be possible.

[diotime]

Ok, thanks for the reply.

[skidelo]

10@1.20

[phr33]

10@1.20

Invalid bid

Sorry, there is no shares available at 1.20. Smallest increment is 0.02 -> You must bid 1.22 or more to get any shares at the moment.

[skidelo]

Sorry - I thought quantity of shares takes priority.
aka. 10@1.2 beats 5@1.2

This is how it worked in another auction I took part in.

[skidelo]

9@1.22

[phr33]

Ah, ok. No here first bid at a certain price level take precedence. Lesson learned. I'll be more clear with that in any future auction 

Please try to stick to even multiple of 5 shares, even though it's not a strict requirement. Thanks.

Code:

User        Shares  Price  Shares left   
--------------------------------------
chaxattack    15    1.30    85  
Ties42        5     1.28    80  
superduh      5     1.23    75
Nathaniel B   50    1.22    25  
julz          5     1.22    20
diotime       10    1.22    10 
skidelo       9     1.22    1
nagnagnag2    5*    1.20    0    *Only 1 valid  
--------------------------------------  
fhh           20    1.20    0
btc6000       5     1.20    0  
pangu         5     1.20    0  
wonko         5     1.20    0  

[AMuppInTime]

75@1.23

[phr33]

Code:

User        Shares  Price  Shares left   
--------------------------------------
chaxattack    15    1.30    85  
Ties42        5     1.28    80  
pierrejo      75    1.23    5
superduh      5     1.23    0
--------------------------------------  
Nathaniel B   50    1.22    0  
julz          5     1.22    0
diotime       10    1.22    0 
skidelo       9     1.22    0
nagnagnag2    5     1.20    0 
fhh           20    1.20    0
btc6000       5     1.20    0  
pangu         5     1.20    0  
wonko         5     1.20    0  

[phr33]

Sorry, I messed up the order. This should be right:

Code:

User        Shares  Price  Shares left   
--------------------------------------
chaxattack    15    1.30    85  
Ties42        5     1.28    80  
superduh      5     1.23    75
pierrejo      75    1.23    0
--------------------------------------  
Nathaniel B   50    1.22    0  
julz          5     1.22    0
diotime       10    1.22    0 
skidelo       9     1.22    0
nagnagnag2    5     1.20    0 
fhh           20    1.20    0
btc6000       5     1.20    0  
pangu         5     1.20    0  
wonko         5     1.20    0  

[btc6000]

5 @ 1.25

Replaces my original bid

[phr33]

Thanks

Code:

User        Shares  Price  Shares left   
--------------------------------------
chaxattack    15    1.30    85  
Ties42        5     1.28    80  
btc6000       5     1.25    75
superduh      5     1.23    70
pierrejo      75*   1.23    0   *Only 70 valid
--------------------------------------  
Nathaniel B   50    1.22    0  
julz          5     1.22    0
diotime       10    1.22    0 
skidelo       9     1.22    0
nagnagnag2    5     1.20    0 
fhh           20    1.20    0 
pangu         5     1.20    0  
wonko         5     1.20    0  

[skidelo]

9@1.30

[phr33]

Code:

User        Shares  Price  Shares left   
--------------------------------------
chaxattack    15    1.30    85  
skidelo       9     1.30    76
Ties42        5     1.28    71  
btc6000       5     1.25    66
superduh      5     1.23    61
pierrejo      75*   1.23    0   *Only 61 valid
--------------------------------------  
Nathaniel B   50    1.22    0  
julz          5     1.22    0
diotime       10    1.22    0 
skidelo       9     1.22    0
nagnagnag2    5     1.20    0 
fhh           20    1.20    0 
pangu         5     1.20    0  
wonko         5     1.20    0  

[diotime]

10@1.26

[phr33]

Thanks

Code:

User        Shares  Price  Shares left   
--------------------------------------
chaxattack    15    1.30    85  
skidelo       9     1.30    76
Ties42        5     1.28    71  
diotime       10    1.26    61
btc6000       5     1.25    56
superduh      5     1.23    51
pierrejo      75*   1.23    0   *Only 51 valid
--------------------------------------  
Nathaniel B   50    1.22    0  
julz          5     1.22    0
diotime       10    1.22    0 
skidelo       9     1.22    0
nagnagnag2    5     1.20    0 
fhh           20    1.20    0 
pangu         5     1.20    0  
wonko         5     1.20    0  

[julz]

20 @ 1.24

[phr33]

20 @ 1.24

INVALID BID

Miniumu rise is 0.02

[julz]

don't really get that.. but ok

[phr33]

don't really get that.. but ok

Lowest current bid is 1.23. Minimum bid increase is 0.02 -> You must bid 1.25 to get any shares. Sorry 


The auction has now ended!

Please allow a couple of minutes for me to double check everything. Then I'll send PM's to the winners with instructions on how to progress.


Thanks everyone!

[phr33]

The winners are:

Code:

User        Shares  Price    Sum    +1.5% escrow?
-------------------------------------------------
chaxattack    15    1.30    19.50    19.79
skidelo       9     1.30    11.70    11.87
Ties42        5     1.28     6.40     6.49
diotime       10    1.26    12.60    12.79
btc6000       5     1.25     6.25     6.34
superduh      5     1.23     6.15     6.24
pierrejo      51    1.23    62.73    63.67

pierrejo will get more shares if someone fails to deliver.

[skidelo]

Has anyone paid yet? I'd prefer for payments to be public so everyone is "safe" :-)

[ThickAsThieves]

If anyone backs out of the deal, I'll honor their bids and buy, just PM me.

[skidelo]

All paid!  Thanks phr33.  I'm assuming you'll pass the word on the friedcat?

TX id:
https://blockchain.info/tx/d991e9949ec564417c0a75d8cabe74d0579bb944895df370113b67fb6ea581de

[phr33]

Hi,

I have received bitcoins from everyone except chaxattack, who I accepted to withdraw his bid after the auction ended. Pierrejo, who was next in line to get his shares, had already paid etc, so for simplicity I choose to keep the shares chaxattack bid on. I might open a new auction at a later date, but right now I don't have the time to handle the logistics.


I have notified Friedcat about all the transactions through signed forum PMs. I had to send the requests in 3 batches. The first one actually got processed before this week's dividends, even though I requested it to be delayed, still I haven't received any confirmation from Friedcat. I guess he's a busy man.

I will monitor the bitcoin addresses to make sure everyone get their dividends next week. I'll compensate fully if there are any problems, be it pay the dividends manually or fully refund the purchase. No worries.


Thanks everyone for quick en painless deal!

[AMuppInTime]

Phr33 I bid for those shares - I would like the opportunity to purchase them. You did says so yourself in the auction post that I'd pick up more shares if some were to desist.

[superduh]

Phr33 I bid for those shares - I would like the opportunity to purchase them. You did says so yourself in the auction post that I'd pick up more shares if some were to desist.

i'll take 5 of them and the rest to pierrejo

[AMuppInTime]

I have 24 shares that were bid for beyond the 51 shares I won - I expect you to honor the original auction where you auctioned 100 shares, not 85 - to make it up to you -  I offer to honor chaxattack's original bid for the auction.

[superduh]

i'll pay more than his original bid. just 5 shares though

[phr33]

I have 24 shares that were bid for beyond the 51 shares I won - I expect you to honor the original auction where you auctioned 100 shares, not 85 - to make it up to you -  I offer to honor chaxattack's original bid for the auction.

True. I did state that you should have the right to any "lost shares" and I stick with that. I'm a bit busy now, but feel free to initiate the transfer either direct or through John again.
Friedcat seems very quick in processing requests, even if confirmations are  bit slower, so I'm confident that we'll finish it before next week's dividends. I'll compensate as stated before if not so no problems.

No further shares are available for sales at this point. Sorry.

[phr33]

i'll pay more than his original bid. just 5 shares though

Sorry, your bid was for 5 shares only.  pierrejo is the one with first rights to the remaining shares. I hope you understand. There should be shares available elsewhere.

[diotime]

The transaction has been confirmed to me in MP by Friedcat.

Thanks.

[btc6000]

I will monitor the bitcoin addresses to make sure everyone get their dividends next week. I'll compensate fully if there are any problems, be it pay the dividends manually or fully refund the purchase. No worries.

If there are any problems I'll take the manual dividends option, thanks.

[AMuppInTime]

Verified - Thanks Phr33 for the auction & transferring both sets of shares (51 +15).

[btc6000]

Received first dividend yesterday, thanks for a smooth transaction phr33