[AUCTION] 375Khash Scrypt 7 day lease #2 BIN:.05B

[miaviator]

Up for auction is a 7 day lease of 375Khash of scrypt mining power.

Starting bid is .01BTC

Bid increment is .005BTC

Buy it Now: .05BTC lease will start early and last through original end time.

Any invalid bids will be rounded UP to the nearest valid incriment.

Auction ends Noon EST 1/14/2014

Payment and pool information is due by lease start time.

Lease Begins 1/14/2014 3PM EST and lasts through 1/21/2014 3PM 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: L13
Redundancy: Dual Power, Dual Network, Backup Miner.


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.

[1715225860]

1715225860

[1715225860]

1715225860

[damiano]

.0225

[gavgav]

0.025

[damiano]

.026

[krach]

.027

[Khanduras]

.0275 ...

... since that's the only one that's actually following the bid increase limit. It's not hard, guys. .0225 + .005 = .0275.

[ssateneth]

.0275 ...

... since that's the only one that's actually following the bid increase limit. It's not hard, guys. .0225 + .005 = .0275.

quoted for truth. people need to l2math

[ssateneth]

I can't edit my own posts? Anyways, the next bid minimum is 0.0325 (i am not bidding)

[miaviator]

I can't edit my own posts? Anyways, the next bid minimum is 0.0325 (i am not bidding)

Welcome to the Auctions section.  Bids cannot be retracted (Posts cannot be edited)

[miaviator]

.0275

Highest Bidder.

I'll accept bids now at .0005BTC so .028, .0285, .029 will all be valid. 

[TechByPC]

.028

[Khanduras]

.0285

[damiano]

.03

[krach]

 .0305   

[gavgav]

0.031

[miaviator]

0.031

Sold.

0.031BTC

19eHXcVebp4hqpMaZAvJXD5nAWZPpmuHtU

PM Pool Info.

[miaviator]

Payment received.

Code:

 cgminer version 3.7.2 - Started: [2014-01-14 12:31:45]

 385.2K/376.1Kh/s | A:30112 R:5344 HW:0 WU:361.5/m I:20

Lease Begins 1/14/2014 12:15PM EST and lasts through 1/21/2014 3PM EST. 

[miaviator]

0.031

Sold.

0.031BTC

19eHXcVebp4hqpMaZAvJXD5nAWZPpmuHtU

PM Pool Info.

Nix that: https://blockchain.info/address/19eHXcVebp4hqpMaZAvJXD5nAWZPpmuHtU payment wasn't received.

[gnar1ta$]

Don't drink n auction...you may give away free hash power.

[miaviator]

Don't drink n auction...you may give away free hash power.

I never auction sober.

This lease was sold to a private buyer.  The payment issue was my fault so anything the wining bidder received is his to keep and no ill will at all.