Up for auction is a 15 day lease of 240-245Khash of scrypt mining power.
Starting bid is .01BTC
Bid increment is .005BTC
Any invalid bids will be rounded UP to the nearest valid incriment.
Auction ends 12/01/2014 at 12:00 GMT+0
Lease will start when both payment and pool information is received.
Lease lasts for 15 days from the moment pool is set up.
Agreement to lease scrypt mining power:
Buyer: Highest bidder by public post at the close of the auction.
Seller: cyclops
Lease Term: 15 Days
Hash Rate: 240Khash-245Khash
Buyer agrees to pay the amount of the winning bid in BTC up front to Seller in exchange for a lease of scrypt mining power at the above defined hash rate +/-5% variance.
1. seller will host a dedicated miner for the buyer for the duration of the lease term.
2. seller will provide hash power using GUI-Miner on Windows 7.
3. seller will cover any and all hosting/electric/cooling/network/hardware/maintenance costs.
4. Seller will reimburse buyer for downtime on an hourly basis (in one hour blocks) based on: contract price / lease term / 24 hours * hours of downtime = x BTC per hour
5. Buyer may choose what pool(s) to mine with failover, load-balance, quota, and other multi-pool options available in GUI-Miner.
6. Buyer may further choose to solo mine coins based on client availability for Windows 7.
7. Buyer may request changes to the dedicated miner either by a predefined schedule or criteria or once per business day. Changes may take up to 8 business hours for implementation if not scheduled.
8. Sellers maximum liability is limited to the initial purchase price decreasing per hour the purchased hash power is available.
9. Any increase in hashing power will not be considered a breach by either party.
10. Hash per second numbers are as reported by GUI-Miner after HW errors are taken into account. Pool rejects/stales/availability are not considered a decrease in the provided hashing power.
