150Gh SHA256 90 day Lease #2L04 [ENDS:2.3|3PM EST]

[miaviator]

Previous incorrect thread: https://bitcointalk.org/index.php?topic=443084.0

Up for auction is a 90 day lease of 150Ghash of SHA256 mining power.

Starting bid: .1BTC 
Minimum bid increment: .05BTC
Reserve price: Undisclosed

Lease Time: 90 Days *(I may consider shorter terms)
Miner: L04

Auction ends 3PM EST 2/3/2014
Payment and pool information due by lease start time.
Lease Begins at the time payment and pools are received until 90 days later. 

Timer is for reference only.  The forum time-stamp will count as the official timer.


See our auction history here: https://bitcointalk.org/index.php?topic=420784.0

Lease Features:

• Battery Backup* May cost extra for this one.

• Three available networks
• 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 SHA256 mining power/dedicated miner (intagible):

Buyer: Highest bidder by public post at the close of the auction.
Seller: miaviator
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

Buyer agrees to pay the amount of the winning bid in BTC up front to Seller in exchange for a lease of SHA256 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 sgminer or cgminer 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: Pro-rated amount based on bitcoinwisdom calcuator at the time of the auction

5. Buyer may choose what pool(s) to mine with failover, load-balance, quota, and other multi-pool options available in sgminer or 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 sgminer or cgminer after HW errors are taken into account.  Pool rejects/stales/availability are not considered a decrease in the provided hashing power.

[/list]

[1713309100]

1713309100

[1713309100]

1713309100

[1713309100]

1713309100

[EnJoyThis]

BTC0.10

[damiano]

BTC.25

[gavgav]

0.3

[jonsi]

0.35

[miaviator]

Bump.

[mudge]

0.4

[railzand]

.5

[jonsi]

.55

[railzand]

.6

[cyclops]

0.70

[cyclops]

0.70

Damm it, 4 sec late

[miaviator]

0.70

Damm it, 4 sec late

Lol. 

[railzand]

What's next?

[cyclops]

0.70

Damm it, 4 sec late

Lol. 

It has been funny, me waiting with another window and time.is (Atomic clock) opened. When I clicked "post", the annoying message of "Someone has posted while you were writing"appeared and so, late.

[jonsi]

Next time I'll put my offer at 3:59:59 :p

[miaviator]

...
Reserve price: Undisclosed
...

1BTC was the Reserve.  I suppose I should hash the reserve before posting the auction.

Looks like I'm way off on SHA pricing this round.

[miaviator]

What's next?

Nothing since this was an auction with a reserve which was not met.

Next time I'll put my offer at 3:59:59 :p

I accept proxy max bids via PM.  So if you bid and want to ensure a last bid you can PM the high bid amount.  If asked I'd have to disclose the PM for fairness.

[railzand]

...
Reserve price: Undisclosed
...

1BTC was the Reserve.  I suppose I should hash the reserve before posting the auction.

Looks like I'm way off on SHA pricing this round.

I guessed as much. I was just being mean. Can I pay this reserve price?

[miaviator]

Yes.

I'll accept offers for the reserve price.

Let me get the sheet worked up for any downtime reimbursement and grab proof of mining speed.