[AUCTION] 375Khash Scrypt 7 day lease

[miaviator]

Up for auction is a 7 day lease of 375Khash 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 3PM EST 1/13/2014

Payment and pool information is due by lease start time.

Lease Begins 1/13/2014 5PM EST and lasts through 1/20/2014 5PM EST. 

Agreement to lease scrypt mining power:

Buyer: Highest bidder by public post at the close of the auction.
Seller: miaviator/gnar1ta$
Lease Term: 7 Days
Hash Rate: 375Khash
Business Day: 10AM to 6PM EST M-F excluding US holidays.
Miner: L10

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 cgminer 3.7.2 on Ubuntu Linux 12.04 LTS.
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 cgminer. 
6. Buyer may further choose to solo mine coins based on client availability for Ubuntu Linux 12.04 LTS. 
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 cgminer after HW errors are taken into account.  Pool rejects/stales/availability are not considered a decrease in the provided hashing power.

If this dedicated miner is auctioned at the end of the lease term the current buyer will receive a 10% discount on their posted bid to continue mining without changes.

Timer is for reference only.  The forum time-stamp will count as the official timer.

[damiano]

.0222

[damiano]

.0225 

[miaviator]

.0222

.0225 

I proly should have made the increment .0005BTC

I'll accept .0225

[squall1066]

.0222

.0225 

I proly should have made the increment .0005BTC

I'll accept .0225

I'm confused, Does this make the next bid 0.025, 0.0275 or 0.03

I will bid 0.025 if this is valid. (keeping it in the 0.005 range)

[miaviator]

.0222

.0225 

I proly should have made the increment .0005BTC

I'll accept .0225

I'm confused, Does this make the next bid 0.025, 0.0275 or 0.03

I will bid 0.025 if this is valid. (keeping it in the 0.005 range)

I'll accept bids in .0005BTC increments. so .023 is next. (.023, .0235, .024 etc)

[squall1066]

.0222

.0225 

I proly should have made the increment .0005BTC

I'll accept .0225

I'm confused, Does this make the next bid 0.025, 0.0275 or 0.03

I will bid 0.025 if this is valid. (keeping it in the 0.005 range)

I'll accept bids in .0005BTC increments. so .023 is next. (.023, .0235, .024 etc)

Cool, I stand by my bid of 0.025 then.

[damiano]

.026

[gavgav]

0.027

[miaviator]

30ish minutes.  Bump.

[miaviator]

0.027

Sold.

.027BTC

18W2PZLLU2xNt659RMBg7uWoHsv7eUdcTN

PM Pool Info.

[miaviator]

Auction ends 3PM EST 1/13/2014

Lease Begins 1/13/2014 5PM EST and lasts through 1/20/2014 5PM EST. 

Give it a few dozen more and I will get all the timers correct.  Lease starts when payment clears and buyer confirms hash-power.

[miaviator]

Buyer has confirmed hashing power is pointed to his pool.

Lease Begins 1/13/2014 8PM EST and lasts through 1/20/2014 8PM EST.