Up for auction is a 7 day lease of 550Khash of scrypt mining power.
Starting bid: .01
BTCBid increment:.005
BTC Buy it Now: .07
BTC lease will start early and last through original end time.
Invalid Bids: Rounded UP
Auction ends 1PM EST 1/18/2014
Payment and pool information due by lease start time.Lease Begins 1/18/2014 1PM EST and lasts through 1/25/2014 1PM 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 and/or refunds for downtime
- 105%-110% 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.
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: 550Khash
Business Day: 10AM to 6PM EST M-F excluding US holidays.
Miner: L12
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.
