Topic: Auction passthrough + hosting: One BitFury ASIC (UA) 120Gh divided in 100 shares (Read 849 times)

The last and final bump. Will delete the thread in a few hours if no one is interested.

Come on guys, it's 0.217 BTC/GH hashing this Friday.
Not early/late October, not in two weeks™, not "expected" or "estimated", no additional expenses, no dealing with delivery services, just ready and hashing on this Friday!

[email protected]

Updated.

UPD2: My own bid is [email protected] for now, will put some more if I manage to gather coins.

UPD1: Since there seems to be no interest, and I really want to give this a go, I exclude my own profit until full breakeven. Hosting fee until breakeven is now 10 USD per month, only to cover the electricity cost! Yes, I'll be mining for fun until all shareholders get 100% ROI.
Also updated auction passthrough rules to be more exact: any leftovers resulting from difference between highest 100 bids and the actual price of purchase are distributed between the buyers proportionally to the number of shares. See "My offer" section for details.

A (very) short summary: 100 shares of 120GH (1.2 GH per share), starting mining on Friday 27 September, starting at 0.25 0.26 BTC per share, resulting in ~0.217 BTC/GH.

I offer group buy and hosting of BitFury ASIC (UA) 120Gh which is sold at auction now.

Auction Thread: https://bitcointalksearch.org/topic/bitfury-asic-ua-120gh-297409 (Russian). Summary of the auction: 120 GH Bitfury miner, includes power supply, cooling and everything needed for mining, in hand, from the original manufacturer. Auction ends 26 September 24:00 EEST (UTC+3), I am located in the seller's city, so can pick up the device and hash right after the purchase. Current highest bid is 25 BTC. Current minimal bid is 26 BTC.

Timer removed. End time: 2013-09-26+24:00:00EEST

My offer:
The device is divided in 100 shares (~1.2GH each), buyers can bid on any number. Minimal bid per share at the time of posting is 0.25 0.26 BTC. Whenever total bid for 100 winning shares in This Thread is more than the bid in the Auction Thread, I will place a bid in the Auction Thread. Due to the nature of auctions, I must have the coins secured before placing my bid in the Auction Thread. Therefore, you must send your bid to the BTC address (my or escrow) to bid. To raise your previous bid, send the difference from the same address as the original bid. Any bids that don't fit into the winning 100 will be returned after the end of Auction or earlier upon request. If we don't win the Auction, all bids will be returned after its end.
Any leftovers resulting from difference between highest 100 bids and the actual price of purchase are distributed between the buyers proportionally to the number of shares.
Example: A bids [email protected], B bids [email protected], the device was purchased for 26BTC. Both A and B get 50 shares each, A receives 13 BTC back for his 50 non-winning bid. The leftover of (50*0.26 + 50*0.265 - 26) = 0.25 BTC total = 0.0025 BTC per share is distributed between A and B.

Hosting conditions:
Mining at p2pool node with zero fee. May consider other pools if the device has problems with p2pool. In the case of controversy, mining pool can be determined by voting of the shares. I will not mine at BTCGuild, 50BTC, Deepbit or Eclipse (we are here to support decentralized network). My hosting fee (everything included) is:

- 3% 10 USD per month, calculated at Bitpay exchange rate at 00:00 first day of every month starting from the 1st of October until full breakeven of all shares
- 10 USD per month + 15% of mined coins after the breakeven

Escrow:
I can ask John K to provide payment address and escrow this group buy if requested.

Trust:
I can send my ID (me with my passport on a photo) and residence proof to John K if requested. I can also transfer him some 5BTC-worth BTC-TC assets plus some shares in mining hardware group buys as a collateral.

I will post my and/or escrow address when there is interest for at least 20 shares. Please post how many shares you are interested in and whether you need escrow. Thank you!

Current bids: