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

[railzand]

Great I'll send the BTC1.0 where? My worker would be railzand_3 -p 123 here stratum.btcguild.com:3333

[1715512004]

1715512004

[1715512004]

1715512004

[1715512004]

1715512004

[jonsi]

Reserve price: Undisclosed

Is this legal?

[miaviator]

Great I'll send the BTC1.0 where? My worker would be railzand_3 -p 123 here stratum.btcguild.com:3333

1BTC

123tpXge1rsQtXdVhAAtLDqWhVL3NQCDWR

Hourly Credit for any downtime:
2-4 – 2-10 (7 days)   0.00728750
2-11 – 2-17 (14 days)   0.01406250
2-18 – 2-24 (21 days)   0.01906250
2-25 – 3-3 (28 days)   0.02373333
3-4 – 3-10 (35 days)   0.02736250
3-11 – 3-17 (42 days)   0.03048333
3-18 – 3-24 (49 days)   0.03306250
3-25 – 3-31 (56 days)   0.03505417
4-1 – 4-7 (63 days)   0.03682083
4-8 – 4-14 (70 days)   0.03798750
4-15 – 4-21 (77 days)   0.03903333
4-22 – 4-28 (84 days)   0.03969583
4-29 – 5-5 (91 days)   0.04019583

I have to fix one of the miners so I may put you at 200Ghash to start.

Please PM a backup pool!

[miaviator]

Reserve price: Undisclosed

Is this legal?

It is in my country and jurisdiction.  Like I said though I really should have hashed the reserve price when the auction was posted so it could be proven fair.  Next time I auction something with a reserve I'll keep that in mind.

[railzand]

Reserve price: Undisclosed

Is this legal?

It is in my country and jurisdiction.  Like I said though I really should have hashed the reserve price when the auction was posted so it could be proven fair.  Next time I auction something with a reserve I'll keep that in mind.

Mine too.

https://blockchain.info/tx-index/e2da8159a33600e148f4dd7b76c555bf062250f94743f6535e1b11a59f1f896a

agreed to downtime credit and moar hash! pming with pool..

Many, many thanks

[miaviator]

Hashing to buyers pool.

[railzand]

14610   ---   17,280   In Progress
14609   0.00032%   10,368   2014-02-03 09:01 PM
14608   0.00000%   0   2014-02-03 08:11 PM

[railzand]

Yes indeed hashing away. Very clear instructions and planning. Great seller. Thanks miaviator!

[EnJoyThis]

Shane you lowered your reserve without noticing. In PM you told me 1.20btc which would leave only a small margin of profit. With the reserve at 1btc I would have agreed to take it although my first bid was 0.70btc.

Have worked with you in the past and liked it a lot. I suggest to be fully clear next time and post reserve price in your post.

Cheers

[miaviator]

Shane you lowered your reserve without noticing. In PM you told me 1.20btc which would leave only a small margin of profit. With the reserve at 1btc I would have agreed to take it although my first bid was 0.70btc.

Have worked with you in the past and liked it a lot. I suggest to be fully clear next time and post reserve price in your post.

Cheers

Again I agree.  My pm to you was worded badly:

Unfortunately I will make at least 1.2 and most of the risks of 30+ diffs are gone so I think the auction is just going to end below the reserve price.  

I should have pointed out that the reserve was less than my expected returns.

I will hash the reserve price on future auctions and avoid reserves when possible.

[miaviator]

Yes indeed hashing away. Very clear instructions and planning. Great seller. Thanks miaviator!

This lease was upgraded to a BitMain ANT miner S1 on 2/14 with no additional cost and no downtime for the buyer.  The original lease still stands as stated:

9. Any increase in hashing power will not be considered a breach by either party.

The remainder of the lease will be completed at ~180Ghash vs ~150Ghash.



Clearly the buyer won on this deal