Up for auction is a 7 day lease of 375Khash of scrypt mining power.
Starting bid: 0.01
BTC Bid increment: .005
BTC Lease Time: 1 Week/7 Days/168 Hours
Miner: L10
Auction ends 3PM EST 1/20/2014
Payment and pool information due by lease start time.Lease Begins 1/20/2014 8PM EST and lasts through 1/27/2014 8PM EST.
Timer is for reference only. The forum time-stamp will count as the official timer.
Lease Features:
- Battery Backup
- 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
Agreement to lease scrypt mining power:
Buyer: Highest bidder by public post at the close of the auction.
Seller: miaviator/gnar1ta$
Lease Term: Listed in auction
Hash Rate: Listed in auction
Business Day: 10AM to 6PM EST M-F excluding US holidays.
Miner: Listed in auction
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.
