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Topic: ASICMINER: board seat (equivalent of 5000 shares) for sale - page 11. (Read 15504 times)

sr. member
Activity: 420
Merit: 250
bitcoin is an expression of freedom.
Sorry - forgot about x100 restriction. So let it be

[email protected]

Last 300 @ 0.3 and a new 125 @ 0.3.
So my last bid 420 @ 0.3
sr. member
Activity: 420
Merit: 250
bitcoin is an expression of freedom.
Last 300 @ 0.3 and a new 125 @ 0.3.
So my last bid 420 @ 0.3
donator
Activity: 919
Merit: 1000
Sorry, forgot ThickAsThieves.

Current bidding state:

-----Bidder----- --Amount-- --BTC/Share--
PM.1                100        0.31
DiabloD3            300        0.30
Vezunchik           300        0.30
SaintFlow           100        0.30
ThickAsThieves      200        0.30
kjj                 100        0.30
---------------- ---------- -----------

donator
Activity: 919
Merit: 1000
Current bidding state:

-----Bidder----- --Amount-- --BTC/Share--
PM.1                100        0.31
DiabloD3            300        0.30
Vezunchik           300        0.30
SaintFlow           100        0.30
kjj                 100        0.30
---------------- ---------- -----------
donator
Activity: 919
Merit: 1000
* Avalon (and maybe BFL) ASICs enter the game and the portion of network power will decline
In 6 months the highest cost of running an ASIC farm will be the power. Only a few entitled entities will have access to lower nm optimizations and will be able to compete.
Agree that in the very end all comes down to J/H efficiency as the sole measure for survival. But I doubt this will be somewhere near in 6 months.

Today, even GPU mining is still profitable (somewhere) - with a power efficiency ~1000 times worse than ASICs. It will just take time to saturate the mining market to a degree where power matters.

Of course I am biased Wink, but I expect ASICMINER to be able to keep a significant share of the network (say 10%+) for at least 6 months - by that time BFL and Avalon saturated the mining market to a degree where ROI went from 2 weeks to a year and enter a price fight. This is where the focus moves from US$/GH to J/GH, but still: since ASICMINER can deploy hashing power at any time at production costs in contrast to other miners who need to pay retail prices, there is a long road to go until we hit equilibrium.
kjj
legendary
Activity: 1302
Merit: 1026
100 @ 0.3 each
hero member
Activity: 518
Merit: 500
200 @ 0.3BTC
legendary
Activity: 1176
Merit: 1001
* Avalon (and maybe BFL) ASICs enter the game and the portion of network power will decline
In 6 months the highest cost of running an ASIC farm will be the power. Only a few entitled entities will have access to lower nm optimizations and will be able to compete.
donator
Activity: 919
Merit: 1000
1/400k of the 1% of the remaining 10M BTC to be mined = 0.25BTC / share; 0.25+0.1BTC = 0.35BTC.

How can one really believe that will have more than 0.35BTC per share back?

Where does your 1% come from?

My scenario goes like this:
* operation starts next week with 30% of total network hashing power
* 18k BTC will at estimated difficulty will be mined within 2-3 weeks, enough to return the invested 0.1BTC per share at IPO
* Avalon (and maybe BFL) ASICs enter the game and the portion of network power will decline
* ASICMINER continuously adds hashing power to keep a share of 5-10% of network

The big question-mark now is, how competitive holding a minimum network share will be and what will remain as gross profit. If it is 1%, you're completely right. If it is 2%, you're not.

Speculation at its best Smiley
legendary
Activity: 1176
Merit: 1001
1/400k of the 1% of the remaining 10M BTC to be mined = 0.25BTC / share; 0.25+0.1BTC = 0.35BTC.

How can one really believe that will have more than 0.35BTC per share back?
donator
Activity: 919
Merit: 1000
Can you specify the escrow, please?
Also, since you even are a member of the board, please let friedcat confirm
that you indeed hold this much shares.

Thank you

Escrow
After a successful auction, I will propose at least two established community members who will provide escrow service free of charge for buyer. If buyer is not trusting all of them, he is free to select a different escrow, but will have to cover related fees.

Proof of Ownership
Sure I can ask friedcat to approve my ownership, but from my latest communication I know he is really busy right now and might not make it before the auction terminates. OTOH I do not really see why I would be wasting time setting up an auction if I did not have the shares Huh   But if you feel better, I can provide my PGP signed share lock-in contract to someone for verification under NDA. Just let me know who you trust.



Current bidding state:

-----Bidder----- --Amount-- --BTC/Share--
DiabloD3            300        0.30
Vezunchik           300        0.30
SaintFlow           100        0.30
---------------- ---------- -----------
sr. member
Activity: 476
Merit: 250
The first is by definition not flawed.
Can you specify the escrow, please?
Also, since you even are a member of the board, please let friedcat confirm
that you indeed hold this much shares.

Thank you
sr. member
Activity: 476
Merit: 250
The first is by definition not flawed.
100 @ 0.3BTC
sr. member
Activity: 420
Merit: 250
bitcoin is an expression of freedom.
300 @ 0.30
legendary
Activity: 1162
Merit: 1000
DiabloMiner author
300 @ 0.30
donator
Activity: 919
Merit: 1000
You can't delete a post in the Auction forum because scammers would delete their bids, sorry.  The bid did not follow thread rules, so it is already invalid. Smiley

Oh, really? Was not aware of that rule...

Thought people are quoting the bid states in other threads to prevent scams Wink


Cheers,
zefir
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
edit: sorry, didn't see min of 0.3.

Hi INAU,

long time no see, how's it going?

Please delete your previous post to invalidate the bid.


Thanks,
zefir

You can't delete a post in the Auction forum because scammers would delete their bids, sorry.  The bid did not follow thread rules, so it is already invalid. Smiley
donator
Activity: 919
Merit: 1000
edit: sorry, didn't see min of 0.3.

Hi INAU,

long time no see, how's it going?

Please delete your previous post to invalidate the bid.


Thanks,
zefir
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
edit: sorry, didn't see min of 0.3.
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
5000 @ 0.2
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