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Author Topic: [AUCTION] 350Khash Scrypt 7 day lease #1L16  (Read 792 times)
miaviator (OP)
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January 15, 2014, 02:00:21 AM
 #1

Up for auction is a 7 day lease of 350Khash of scrypt mining power.

  Starting bid: .005BTC
Bid increment:.0005BTC
   Buy it Now: .04BTC lease will start early and last through original end time.
  Invalid Bids:  Rounded UP

Auction ends 3PM EST 1/16/2014
Payment and pool information due by lease start time.
Lease Begins 1/16/2014 5PM EST and lasts through 1/23/2014 5PM EST. 
Lease will begin early and end at the same end time if pool info and payment are provided immediately at the end of the auction.

There are a LOT of scrypt auctions popping up.  Our auctions are for Dedicated Mining rigs with:
  • Two power sources
  • Three available networks
  • Backup miners in case of failure
  • Proven compensation with extra hashing power or refunds for downtime
  • 101%-110% average rated performance provided
  • Ability to solo mine or setup scheduled pool changes

The auction terms below are our original auction terms used by many others.
Quote
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: 350Khash
Business Day: 10AM to 6PM EST M-F excluding US holidays.
Miner: L16
Redundancy: Automatic Power, Manual Network, Manual 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.

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miaviator (OP)
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January 15, 2014, 08:21:51 PM
 #2

24 hours left.  I'm going to bid soon Smiley

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January 15, 2014, 08:53:03 PM
 #3

0.005

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January 15, 2014, 10:15:05 PM
 #4

0.01
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103 days, 21 hours and 10 minutes.


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January 15, 2014, 11:07:26 PM
 #5

.02
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January 16, 2014, 04:07:27 AM
 #6

.025
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January 16, 2014, 03:31:31 PM
 #7

.025

High bid is .025BTC

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January 16, 2014, 08:02:00 PM
 #8

.025

Sold.

0.025BTC

1BqmVpgmVVDKZpEoVuAiuaaSiTiUtdtApJ

PM Pool Info.

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January 16, 2014, 08:06:22 PM
 #9

PM Sent
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January 16, 2014, 08:39:01 PM
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Verified hashing. Thanks!
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