2Mhash Scrypt 7 Day Lease #6LC01&2 [END:2.12|17:00]

[miaviator]

Up for auction is a 7 Day lease of 2,000Khash+ of scrypt mining power.

Starting bid: 0.01BTC 
Minimum bid increment: .005BTC
Reserve Price Hash: 9322708403b21d131ed3db0a01deb6e9b23f23560c752c6605be173ee3df9328
Buy It Now: Not Available
Invalid Bids will be round up
Auction ends 17:00 02/12 Forum Time
Auction may be cancelled if current lease holder renews
See our auction history here: https://bitcointalk.org/index.php?topic=420784.0

Special Conditions:
You may bid with any currency/Item, bids may be accepted and converted to BTC value
A non-BTC bid is not considered valid unless you confirm the BTC value!
Proxy Bidding via PM is available - (So you can set a max bid like eBay)
*Bid first then send your max bid via PM, PM bids are subject to disclosure if contested.

Lease Time:
7 Days/168 Hours
Lease starts after payment and mining info received.
Payment due within 24 hours.

Miner:
LC01 & LC02

Lease Features:
Proven compensation with extra hashing power and/or refunds for downtime
100%-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: cyclops
Lease Term: Listed in auction
Hash Rate: Listed in auction
Business Day: 5PM to 10PM GMT+1
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 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 (c/s)gminer on Windows 7 64bit.
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 (c/s)gminer. 
6. Buyer may further choose to solo mine coins based on client availability for Windows 7 64bit. 
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 (c/s)gminer after HW errors are taken into account.  Pool rejects/stales/availability are not considered a decrease in the provided hashing power.

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

[1714972399]

1714972399

[1714972399]

1714972399

[1714972399]

1714972399

[tawer22]

0.02 btc

[-droid-]

0.05

[sstark]

0.055

[wickedsick]

0.06

[Kapz786]

0.065

[albon]

0.1

[-droid-]

0.1

[-droid-]

0.1

whoops! forgot to type:

wow high roller albon!

[cyclops]

Late, but I confirm this auction.

[miaviator]

0.1

Current High bid is albon at 0.1BTC

[crankmonkey]

.105

[-droid-]

.110

[miaviator]

.110

0.115BTC Proxy

[miaviator]

.110

0.115BTC Proxy

Actually I don't know why I'm saying proxy.

0.115BTC albon

[-droid-]

.120

[miaviator]

.120

albon 0.125BTC

[gavgav]

0.13BTC

[miaviator]

0.13BTC

albon 0.135BTC

[gavgav]

0.14

[miaviator]

0.14

albon 0.145BTC

[albon]

so I take it no one won?

[gavgav]

Who won?

At what price?

[miaviator]

so I take it no one won?

Who won?

At what price?

Sorry, I've been busy with ANT's.

Code:

echo -n "Reserve Price:0.196[btc] Payment Address:17duwUnLWEy1BE3YGccZ4hLYh9sDpkvSjf" | sha256sum
9322708403b21d131ed3db0a01deb6e9b23f23560c752c6605be173ee3df9328  -

No one won.  If anyone wants to pick up the lease for 0.196BTC post it here otherwise I can forward offers but make no guarantee on acceptance.

[albon]

I will take it

[albon]

I will take it

Sorry meant to say I will take it if he will take 0.19

[-droid-]

.196 is what you'd make on middlecoin in 7 days with 2mh, do ppl just bank on coins increasing value or what?

[miaviator]

.196 is what you'd make on middlecoin in 7 days with 2mh, do ppl just bank on coins increasing value or what?

People pull a thyatis move and mine a new coin for 24 hours then end up with .7B after selling on a spike. 

Middle-Coin should be .01BTC/(Mh/s)/Day to .015BTC/(Mh/s)/Day

Leaserig.net charges up to .018 and I've seen auction prices go between .005 and .083 per Mh/s per Day

I have two other direct auctions running and several rigs open for rent.

[-droid-]

.196 is what you'd make on middlecoin in 7 days with 2mh, do ppl just bank on coins increasing value or what?

People pull a thyatis move and mine a new coin for 24 hours then end up with .7B after selling on a spike. 

I see, that makes sense then