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Author Topic: [Sell] Avalon batch #2 by escrow, start at 60 BTC, cancel if it arrives too late  (Read 3960 times)
jadatkins (OP)
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June 28, 2013, 03:24:18 PM
 #1

I have a preorder for four Avalon batch 2 ASIC bitcoin miners. I wish to sell only one of these units. I might consider selling a second if the asking price is high enough.

Here are specs for the Avalon batch 2: >= 60 GH/s and about 6.6 ~ 6.7 watts per GH/s, i.e. >= 400W.

Here are screenshots of my order and payment. (If you're wondering why one's on a Mac and another on a PC, this is because they were taken at different times: see my earlier thread for the explanation.)

Rules:
1. The currency for the auction will be bitcoins. The first bid will be 60 BTC. Each subsequent bid will be at least 1 BTC greater than the previous bid. The exchange rate between bitcoin and other currencies will be irrelevant, unless something drastic happens to the bitcoin currency such that the value of one BTC drops below US$1, in which case the auction will be deemed null and void.

2. Payment will be by John K. escrow. I will pay the escrow fees. I will be very suspicious of anyone wanting to pay by another method, except possibly for people wanting to collect locally.

3. By placing a bid, you agree to pay John K. (escrow) the winning bid amount within 72 hours (3 days) after the auction ends, but this will be considered to be merely a deposit until I receive the miner from Avalon (see rule 6). You may make your bid subject to seeing more evidence from me that the preorder is mine (e.g. the unpixellated screenshots or confirmation from BtcDirect of localbitcoins.com which is the party who processed the payment to Avalon for me when I ordered) in which case you must state what evidence you wish to see in your post (see rule 7) or PM me about it.

4. You pay shipping. I am based in Bedford, United Kingdom. When I have the unit, I will ship as soon as I humanly can (probably within 24 hours and certainly within 48, not counting Sundays) by your chosen method. I will certainly ship to any address in Europe, any primarily English-speaking country, or Japan, but I reserve the right to refuse to ship to some other countries. Obviously I won't expect you to honour your bid if I refuse to ship to your chosen country. If a totally or partially tracked or insured method of shipping is available to your address for a reasonable fee, you must select this shipping method instead of an uninsured/untracked method. Shipping price will be in British pounds sterling, obviously, and payment method is negotiable. I would prefer PayPal or Nochex but if you want we can agree on a GBP / BTC conversion rate and you can add it to amount you pay John K. Again, I will pay any fees required to receive the payment (e.g. PayPal fees or whatever) up to a maximum of 4% + 50p.

5. The auction ends when I announce (on this thread) that it is ended. I will try to make sure that this is a few days before I receive the unit to allow time to finalise shipping details etc so that I can turn it around the moment it arrives. I will end it sooner if the bidding slows to a trickle and the price has stabilised. But see rule 6 for assurance that the auction will not go on forever.

6. At any time, you can retract your bid for one reason and one reason only: that I have not yet received the unit and you are fed up waiting or you believe Avalon will never deliver. As soon as the auction ends you should deposit your money with John K. When I receive the unit, or become aware that reception is imminent, I will inform John K. of the expected delivery date (the date it is delivered to me, not you). At any time before this, you can say you are fed up waiting and ask John K. to return your money, but then there will be no further opportunity to buy hardware from me in the future. But do not bid expecting to cancel: serious bidders only please. The only reason you can cancel is that Avalon has not yet delivered the ASIC to me. As soon as I receive it, I will despatch it to you (I expect to have your delivery address and John K. to have your funds by this point) and thereafter the sale is final and the unit's safety is the responsibility of you and the carrier. (I will of course cooperate with the carrier regarding their claim procedure should something go wrong.)

7. Bids to be made in this thread, simply by stating your bid amount, which should be at least 1 BTC higher than the previous highest bid. If you wish, you may also state your country of delivery and/or whether you would be interested in buying a second unit, and what price you would pay for the second (which may be lower than what you would pay for the first). Bids may not be made by private message. PMs to be used only for additional information or questions, such as your delivery address or requests for further evidence from me. Your main bid amount must be stated in this thread publicly.

8. Although only the highest bid will be legally binding, I will expect the second highest bidder to remain in contact for two reasons: i) in case the highest bidder proves to be uncontactable or illegally withdraws from the auction and fails to put the winning bid amount on deposit with John K., and ii) if the price is high enough I may offer a second unit for sale. I will contact the second highest bidder either way as soon as I can after the end of the auction so you are not kept waiting unnecessarily.

--------------------------------------------

The highest bid so far is: (no bids yet) (updated approximately daily)
Evolvex
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June 28, 2013, 03:30:05 PM
 #2

No disrespect, but why blank out the blockchain info, you cant see the addresses - I dont think that proves anything. Also the amount on the order is not the same as the "payment" screen....

Either I smell a fish or I'm missing something
tom1
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June 28, 2013, 04:03:09 PM
 #3

No disrespect, but why blank out the blockchain info, you cant see the addresses - I dont think that proves anything.
https://blockchain.info/en/address/19qFqovtjezvcjf3SFRFq6EkePTuY2uA3x
It took me 2 minutes to figure out the address Cheesy

mgio
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June 28, 2013, 04:17:26 PM
 #4

ok, I'll start the bidding and bit 60 BTC.
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June 28, 2013, 04:22:01 PM
 #5

61BTC

Deutsche Bitcoinbörse: https://www.bitcoin.de/r/yyfrkv
das passende Konto gibts bei der fidor Bank https://banking.fidor.de/registrierung?ibid=43076568
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June 28, 2013, 05:03:27 PM
 #6

62BTC
bitdaniel
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June 28, 2013, 05:13:23 PM
 #7

watch
mgio
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June 28, 2013, 05:24:58 PM
 #8

I'll bid 65 BTC
michelet
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June 28, 2013, 06:28:12 PM
 #9

66

www.easyha.sh - coming soon
dogjunior
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June 28, 2013, 06:56:56 PM
 #10

When does your auction end?
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June 28, 2013, 06:57:56 PM
 #11

When does your auction end?

point 5

www.easyha.sh - coming soon
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June 29, 2013, 11:33:29 AM
 #12

66
jadatkins (OP)
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June 29, 2013, 11:37:50 AM
 #13

The highest bid so far is: (no bids yet) (updated approximately daily)
Deng, it looks like I can no longer edit my first post. I guess you'll all just have to scroll to the last page to find out the current bid (currently 66 BTC).

Kudos to tom1 for working out the payment address. Cool

Regarding the payment, I perhaps better explain a few things to clear up some confusion:
  • The Avalon batch 2's were priced in USD, at $1500 each. You can see that here. There are two mistakes about this on Avalon's official website, one of which is that the website now says that they were priced at 75 BTC each, and the other is that the order status page shows that I paid 6000 BTC when it should say that I paid $6000.
  • The bitcoin address 19qFqovtjezvcjf3SFRFq6EkePTuY2uA3x is owned by Avalon. (Or rather, it is owned by WalletBit.) It is the address to which I was asked to make payment, and I was given a quote of 225.58282142 BTC to be worth $6000. Anybody who has paid for anything with WalletBit or BitPay will be familiar with the system.
  • The addresses 1C8x7nY5fZfsxrQKaXPS1fRQ5KoC4fBqW6, 1FBbATwKdCH2PzPB3TvqWkz7Bw8ZbNBY1S and 18bmze8KRHdSbCSwViz4wbZvMLdNoga28t are owned by BtcDirect of localbitcoins.com. I paid BtcDirect British pounds sterling and they paid Avalon BTC on my behalf.
  • Because I agreed to trade £4000 for 230 BTC with BtcDirect before I had the exact quote from WalletBit, there was change of 4.41717858 BTC which was paid to my address, 1DtuFfgtaRYrhwCt6KpGVcwBp6UocTf2My. The only evidence I have that these transactions are related is that 4.41717858 + 225.58282142 = 230.00000000, but since there are eight decimal places matching I guess that should be enough. Anyhow, I control the address 1DtuFfgtaRYrhwCt6KpGVcwBp6UocTf2My and would be quite happy to make a small payments (of 0.001 BTC or so) to any address of your choosing for the benefit of any concerned would-be bidders. (That is, to prove that I own the address.) And I expect BtcDirect can probably vouch for me as well.
  • Unfortunately I don't really have any way of showing that payments sent to 19qFqovtjezvcjf3SFRFq6EkePTuY2uA3x were received by Avalon and not someone else, except this support ticket which is not publicly viewable so I can only give you a screenshot. The pixellating seems to be freaking people out so I've stopped doing that.

Fortunately, you don't have to take my word on anything. Since payment is done by John K. (escrow) at the very worst I can waste some of your time, but I can't take your money unless you ask John K. to release the funds once you've received the package from me. And with clause 6 (in the rules above) you are covered against Avalon not delivering also.

If anybody thinks I should be doing something differently, please say so.
jadatkins (OP)
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June 29, 2013, 11:41:08 AM
 #14

66
starsoccer9, your bid is invalid because michelet already bid 66. Please bid at least 67 if you want to take part.

Don't forget everyone, this is a normal old-fashioned auction not like on eBay where you specify a maximum bid and eBay proxy bids for you. This means that you are completely free to bid again if you get outbid. Wink
jadatkins (OP)
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June 29, 2013, 11:57:43 AM
 #15

I have decided to relent a bit on rule No. 3.
3. By placing a bid, you agree to pay John K. (escrow) the winning bid amount within 72 hours (3 days) after the auction ends, but this will be considered to be merely a deposit until I receive the miner from Avalon (see rule 6).
Since this is only a deposit to show that you are serious, you needn't put the whole amount on file with John K. at that point, if I still don't know when I'll be receiving the unit from Avalon. A mere 10% will be sufficient. I'll then notify you when it arrives and you can pay the rest.
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June 29, 2013, 12:27:21 PM
 #16

ooo sorry didnt see the already 66 bid. Just curious but where will the avalons ship from? Also what type of shipping? fedex, ups,dhl, and is it normal, or next day?
jadatkins (OP)
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June 29, 2013, 12:46:12 PM
 #17

ooo sorry didnt see the already 66 bid. Just curious but where will the avalons ship from? Also what type of shipping? fedex, ups,dhl, and is it normal, or next day?
Please see rule 4.
jadatkins (OP)
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June 29, 2013, 12:56:34 PM
 #18

Just to reiterate, I have relented on rule 3 and made it better for you, the bidders. It should now read:

3. By placing a bid, you agree to pay John K. (escrow) 10% of the winning bid amount within 72 hours (3 days) after the auction ends, as a deposit until I receive the miner from Avalon (see rule 6). You may make your bid subject to seeing more evidence from me in which case state this in your post with your bid. You must leave this 10% on deposit with John K. if you still want to take part in a trade.

When I receive notification from Avalon that delivery to me is imminent, I will notify John K. of this and he will freeze your funds. (Until that point, you can drop out of the auction altogether and ask John K. to return your funds, but once dropped-out, there is no dropping-in again.) I will also notify you that delivery is imminent, and you can either pay the remaining 90% then (so that I can ship your package the very moment it arrives, without waiting to hear from John K.) or you can wait until I have actually physically received the miner before paying the remaining 90%. Obviously I can't ship your package to you I hear from John K. that you have paid the full amount.
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June 29, 2013, 12:59:31 PM
 #19

Where in UK are you located?

Tips BTC --> 1BS2sYvy3T1cpNhie6CVFMcUrHa84a8mPa <-- Thanks! || Tips [LTC] --> LaytYJNCha7z7zcws5a2o2GWWjvWfDCGkr <--
jadatkins (OP)
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June 29, 2013, 01:07:44 PM
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Where in UK are you located?
Please see rule 4.

I am based in Bedford.
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