Dutch auction (price goes down) 20% of KNC jupiter - page 3.

maqifrnswa

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Your link on the first post:
https://bitcointalksearch.org/topic/bitfunder-addiction-kncminer-now-hashing-at-14th-244042

Quote

4. We have increased original forum share value from 1 to 100 ADDICTION shares. So for each original forum based share, you will be issued 100 ADDICTION shares.

justanickname

full member

Activity: 157

Merit: 100

Quote from: maqifrnswa on December 04, 2013, 02:09:57 PM

you may want to update:
https://bitcointalk.org/index.php?topic=328135.20

and also note that the current market value is ~0.0013/ADDICTION share which is 0.13 per miner share from your group buy (1 GB share = 100 Addiction shares)

I dont see where you get your numbers from. Each share here is around 2GB and equals 50 Addiction shares.(assuming jupiter is 525GB ).

justanickname

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Quote from: bitpop on December 04, 2013, 02:43:25 PM

Who the hell does a reverse auction

I do this because difficulty goes up so the shares worth less and less each week.

justanickname

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Merit: 100

Quote from: nairb131 on December 03, 2013, 06:52:07 PM

Let me explain my bid also before you deny it. I realize this isn't in BTC but bear with me. You paid ~$2000 at most for these shares and you have gotten ~$5000 from them. You in essence have reached your ROI because in all fiats BTC are worth about ten times what they were. With new machines coming to market I expect to gain ~2BTC from this invest. These seems like a good deal for you. You pull away with almost four times your investment (purchasing power of BTC are ten times more powerful) and I also gain something.

Hey, thanks but I don't accept your bid because I think I will mine more than 2BTC in the future.
I just earned 0.7BTC last week and I believe that I have already minded around 0.3BTC this week and there are 4 days left.
1.5BTC is just too low sorry.

bitpop

legendary

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Who the hell does a reverse auction

maqifrnswa

sr. member

Activity: 454

Merit: 250

you may want to update:
https://bitcointalk.org/index.php?topic=328135.20

and also note that the current market value is ~0.0013/ADDICTION share which is 0.13 per miner share from your group buy (1 GB share = 100 Addiction shares)

bitpop

legendary

Activity: 2912

Merit: 1060

.25

nairb131

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Let me explain my bid also before you deny it. I realize this isn't in BTC but bear with me. You paid ~$2000 at most for these shares and you have gotten ~$5000 from them. You in essence have reached your ROI because in all fiats BTC are worth about ten times what they were. With new machines coming to market I expect to gain ~2BTC from this invest. These seems like a good deal for you. You pull away with almost four times your investment (purchasing power of BTC are ten times more powerful) and I also gain something.

nairb131

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Activity: 365

Merit: 100

I will bid 1.5BTC

soothaa

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Quote from: Martijnvdc on December 03, 2013, 02:33:29 AM

I don't understand... Why would people buy this? You'll just lose money!

Read the previous posts. Basically this guy is a tool and trying to get out of his bad decision by bumming it off onto someone else.

justanickname

full member

Activity: 157

Merit: 100

Quote from: Martijnvdc on December 03, 2013, 02:33:29 AM

I don't understand... Why would people buy this? You'll just lose money!

Of course my ask is high currently, but it decreases every week and maybe in time it will be more realistic, if some companies will not deliver on time.
I am willing to consider lower bids, but till now all offered bids ridiculously low.
You can look at this thread and see that till now I was right not to accept those bids because I minded more than what was offered,
and I am still mining.

here is an example of a bid that I am not accepting:

Quote from: soothaa on December 03, 2013, 12:55:37 AM

.75

no thanks

Martijnvdc

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Merit: 250

I don't understand... Why would people buy this? You'll just lose money!

soothaa

hero member

Activity: 1151

Merit: 528

.75

justanickname

full member

Activity: 157

Merit: 100

This week dividend was 0.71 BTC.

Dividends so far:
date    dividend
till Oct 27      1.5BTC
from Oct 27 till Nov 3    0.8BTC
from Nov 3 till Nov 10    0.65BTC
from Nov 10 till Nov 17       0.79BTC
from Nov 17 till Nov 24       0.5BTC
from Nov 24 till Dec 1           0.71BTC

Total dividends so far: 4.95BTC.

This week Ask is:
10.05BTC for 50 shares (around 105 GH/s )
0.201BTC for 1 share

Have a good week!

justanickname

full member

Activity: 157

Merit: 100

Quote from: soothaa on November 25, 2013, 04:49:36 PM

This thread has me laughing so hard. Subb'd.

Oh, I bid 1BTC for remaining shares.

Glad you enjoy it!

Sorry your bid is too low because I will mine more than 1BTC.

justanickname

full member

Activity: 157

Merit: 100

Quote from: furuknap on November 25, 2013, 02:30:54 PM

So far, you've lost 1BTC in bid value, or 30% of the first bid.

What? I lost? I dont think so! During this time I have lost 1BTC of your bid but minded more than 1BTC for keeping the shares:

From the time of your first bid of 3BTC I have already minded 2.74BTC.
From the time of your second bid of 2.2BTC I have already minded 1.29 BTC.

So far your bids were too low, and I did the right thing to not accept them.
Your current BID of 2 BTC is sill low IMO, becuase I think I will mine more than 2BTC.

Thank you for your bid!

soothaa

hero member

Activity: 1151

Merit: 528

This thread has me laughing so hard. Subb'd.

Oh, I bid 1BTC for remaining shares.

furuknap

sr. member

Activity: 294

Merit: 250

http://coin.furuknap.net/

My bid this week is BTC2. It is relatively slightly higher because rise in difficulty has been slightly lower.

So far, you've lost 1BTC in bid value, or 30% of the first bid. With the upcoming second batch of KnC, CTs, and others coming up, I'm not going to keep my bids as high as I have.

I'm guessing that with the increased BTC price, you've lost around $5000 compared to selling earlier and holding coin. Of course, you're the stubborn one who thinks someone will pay 40x the current market price for your shares, and that is your prerogative.

.b

Vanderi

sr. member

Activity: 283

Merit: 250

Quote from: damiano on November 25, 2013, 11:26:17 AM

WOW

Almost $10,000 for 100gh

To funny at this point

CEX.io is a way better deal at this point

Funny how a dutch auction starts high and goes downward. Ha Ha.

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

WOW

Almost $10,000 for 100gh

To funny at this point

CEX.io is a way better deal at this point

Topic: Dutch auction (price goes down) 20% of KNC jupiter - page 3. (Read 6524 times)