Dutch auction (price goes down) 20% of KNC jupiter

[soothaa]

This thread has me laughing so hard. Subb'd.

Oh, I bid 1BTC for remaining shares.

[justanickname]

So far, you've lost 1BTC in bid value, or 30% of the first bid.

What? I lost? I dont think so! During this time I have lost 1BTC of your bid but minded more than 1BTC for keeping the shares:

From the time of your first bid of 3BTC I have already minded 2.74BTC.
From the time of your second bid of 2.2BTC I have already minded 1.29 BTC.

So far your bids were too low, and I did the right thing to not accept them.
Your current BID of 2 BTC is sill low IMO, becuase I think I will mine more than 2BTC.

Thank you for your bid!

[justanickname]

This thread has me laughing so hard. Subb'd.

Oh, I bid 1BTC for remaining shares.

Glad you enjoy it!
Sorry your bid is too low because I will mine more than 1BTC.

[justanickname]

This week dividend was  0.71 BTC.

Dividends so far:
date                                    dividend
till Oct 27                             1.5BTC
from Oct 27 till Nov 3              0.8BTC
from Nov 3 till Nov 10              0.65BTC
from Nov 10 till Nov 17            0.79BTC
from Nov 17 till Nov 24            0.5BTC
from Nov 24 till Dec 1              0.71BTC

Total dividends so far: 4.95BTC.

This week Ask is:
10.05BTC for 50 shares (around 105 GH/s )
0.201BTC for 1 share

Have a good week!

[soothaa]

.75

[Martijnvdc]

I don't understand... Why would people buy this? You'll just lose money!

[justanickname]

I don't understand... Why would people buy this? You'll just lose money!

Of course my ask is high currently, but it decreases every week and maybe in time it will be more realistic, if some companies will not deliver on time.
I am willing to consider lower bids, but till now all offered bids ridiculously low.
You can look at this thread and see that till now I was right not to accept those bids because I minded more than what was offered,
and I am still mining.

here is an example of a bid that I am not accepting:

.75

no thanks

[soothaa]

I don't understand... Why would people buy this? You'll just lose money!

Read the previous posts. Basically this guy is a tool and trying to get out of his bad decision by bumming it off onto someone else.

[nairb131]

I will bid 1.5BTC

[nairb131]

Let me explain my bid also before you deny it. I realize this isn't in BTC but bear with me. You paid ~$2000 at most for these shares and you have gotten ~$5000 from them. You in essence have reached your ROI because in all fiats BTC are worth about ten times what they were. With new machines coming to market I expect to gain ~2BTC from this invest. These seems like a good deal for you. You pull away with almost four times your investment (purchasing power of BTC are ten times more powerful) and I also gain something.

[bitpop]

.25

[maqifrnswa]

you may want to update:
https://bitcointalk.org/index.php?topic=328135.20

and also note that the current market value is ~0.0013/ADDICTION share which is 0.13 per miner share from your group buy (1 GB share = 100 Addiction shares)

[bitpop]

Who the hell does a reverse auction

[justanickname]

Let me explain my bid also before you deny it. I realize this isn't in BTC but bear with me. You paid ~$2000 at most for these shares and you have gotten ~$5000 from them. You in essence have reached your ROI because in all fiats BTC are worth about ten times what they were. With new machines coming to market I expect to gain ~2BTC from this invest. These seems like a good deal for you. You pull away with almost four times your investment (purchasing power of BTC are ten times more powerful) and I also gain something.

Hey, thanks but I don't accept your bid because I think I will mine  more than 2BTC in the future.
I just earned 0.7BTC last week and I believe that I have already minded around 0.3BTC this week and there are 4 days left.
1.5BTC is just too low sorry.

[justanickname]

Who the hell does a reverse auction

I do this because difficulty goes up so the shares worth less and less each week.

[justanickname]

you may want to update:
https://bitcointalk.org/index.php?topic=328135.20

and also note that the current market value is ~0.0013/ADDICTION share which is 0.13 per miner share from your group buy (1 GB share = 100 Addiction shares)

I dont see where you get your numbers from. Each share here is around 2GB and equals 50 Addiction shares.(assuming jupiter is 525GB ).

[maqifrnswa]

Your link on the first post:
https://bitcointalk.org/index.php?topic=244042.0

4. We have increased original forum share value from 1 to 100 ADDICTION shares. So for each original forum based share, you will be issued 100 ADDICTION shares.

[justanickname]

Your link on the first post:
https://bitcointalk.org/index.php?topic=244042.0

4. We have increased original forum share value from 1 to 100 ADDICTION shares. So for each original forum based share, you will be issued 100 ADDICTION shares.

according to this list I have 2500 addiction shares:
http://pastebin.com/NLg7Pe2t
you say I got 5000?

[Inedible]

This week dividend was  0.71 BTC.

Dividends so far:
date                                    dividend
till Oct 27                             1.5BTC
from Oct 27 till Nov 3              0.8BTC
from Nov 3 till Nov 10              0.65BTC
from Nov 10 till Nov 17            0.79BTC
from Nov 17 till Nov 24            0.5BTC
from Nov 24 till Dec 1              0.71BTC

Total dividends so far: 4.95BTC.

This week Ask is:
10.05BTC for 50 shares (around 105 GH/s )
0.201BTC for 1 share

Have a good week!

It's quite interesting watching all this go on. Who knows, with any luck, in 30-40 weeks you might have recouped your Bitcoin cost.

[justanickname]

It's quite interesting watching all this go on. Who knows, with any luck, in 30-40 weeks you might have recouped your Bitcoin cost.

I also thought it would be interesting for people to follow. Finally someone takes this thread in the right spirit!