[Auction] 2050Khash Scrypt Mining 24 hours lease

[cyclops]

Up for auction is a 24 hour lease of 2050-2100Khash of scrypt mining power.

Starting bid is .02BTC

Bid increment is .01BTC

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

Auction ends 23/01/2014 at 17:00 GMT+0 (Based on forum time)

Lease will start when both payment and pool information is received.

Lease lasts for 24 hours from the moment pool is set up.

Agreement to lease scrypt mining power:

Buyer: Highest bidder by public post at the close of the auction.
Seller: cyclops
Lease Term: 24 hours
Hash Rate: 2050-2100Khash

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.


Terms by miaviator: https://bitcointalk.org/index.php?action=profile;u=57116

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 on Windows 7.
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 Windows 7. 
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.

[m4ti]

I would pay 0.02 BTC per day, but due to my small amount of BTC I can't pay for more than one day in advance
0.03 BTC isn't profitable anymore.

[damiano]

.021

[m4ti]

Bid increment is .01BTC

[cyclops]

Bid increment is .01BTC

Yep, damiano's bid should be 0.03 to outbid m4ti

[cyclops]

BUMP!

[cyclops]

~90 mins left

[delovan]

0.03

[miaviator]

I need to test a new pool and everything I own (except my 3.8Khash vanity miner) is leased out or reserved for backups.

.04BTC

[delovan]

0.05

[miaviator]

0.05

BOOOOOOOOOOOOOOM!

16:59:59 Posted by: delovan

Someone give delovan a cookie.  That was BEAUTIFUL!

[delovan]

0.05

BOOOOOOOOOOOOOOM!

16:59:59 Posted by: delovan

Someone give delovan a cookie.  That was BEAUTIFUL!

That was close lol. Only got a few seconds to write my post ^^. Futhermore, I wasn't sure I will be able to post since last time I double post I got a 360 seconds cooldown !

[cyclops]

0.05

BOOOOOOOOOOOOOOM!

16:59:59 Posted by: delovan

Someone give delovan a cookie.  That was BEAUTIFUL!

That was close lol. Only got a few seconds to write my post ^^. Futhermore, I wasn't sure I will be able to post since last time I double post I got a 360 seconds cooldown !

Winner! Please read PM for payment instructions and send me pool info.

Cheers

[m4ti]

Which crazy sh*t do you mine, to get more than 0.05 BTC on one day with 2050 kh/s?
Coinwarz says I can make 0.027 a day ...

[Thyatis]

Which crazy sh*t do you mine, to get more than 0.05 BTC on one day with 2050 kh/s?
Coinwarz says I can make 0.027 a day ...

coinwarz is only at a given point.

If you mined doge coin about 1 weeks ago and sold now you just made .1

[Thyatis]

Which crazy sh*t do you mine, to get more than 0.05 BTC on one day with 2050 kh/s?
Coinwarz says I can make 0.027 a day ...

coinwarz is only at a given point.

If you mined doge coin about 1 weeks ago and sold now you just made .1

additionally you mine a new coin coming out and get millions sell when it is high you just make money hand over fist.

another example is moon coin.

[m4ti]

But the problem with these altcoins is, if you can't change them into BTC or LTC you have mined them for nothing. I have done this some time ago, as Tagcoin came out. I had 84 TAG and after a fork I had nothing, all found Blocks got orphaned. The same with Goldcoin, BTC Scrypt or other scammercoins.
But BTC2 is simply not compatible with "good" currencies, it's like money in a game.
I don't want to have other cryptocurrencies as Bitcoin.

Anyway, have fun with your hashing power

[Thyatis]

But the problem with these altcoins is, if you can't change them into BTC or LTC you have mined them for nothing. I have done this some time ago, as Tagcoin came out. I had 84 TAG and after a fork I had nothing, all found Blocks got orphaned. The same with Goldcoin, BTC Scrypt or other scammercoins.
But BTC2 is simply not compatible with "good" currencies, it's like money in a game.
I don't want to have other cryptocurrencies as Bitcoin.

Anyway, have fun with your hashing power

I just made 7 btc from mooncoin, go figure. (1 night of mining)

[m4ti]

WTF... What's your hashrate?