Quote from: sloper on April 23, 2013, 12:26:05 AM

Quote from: shibaji on April 23, 2013, 12:16:13 AM

Now that the auction has ended, may be I can say something.

Did it occur to anybody buying into HorseRider's plan, that it has a big loophole ? He lays the rule that till all avalons ordered reach his hand, he will keep on mining with them, and only when all arrive, he will distribute according to resale or rental plan.

Given the flakiness of avalon shipment, this is an absolute losing proposal. Out of his 50 avalon orders, what happens if last 5 avalons arrive 2 months late (or even worse) ? Either:

1. Everyone bought into his plan loses, and he keeps mining happily with technically others miners
2. People start to complain and he is forced to allocate, but who are the buyers for those last 5 avalon - who will suffer the loss ? Is it the last ones to pay - but wait - that was not in the resale/rental clause. Will he man up and absorb that loss ? I am waiting to see.

Rest assured, the probability of arriving all 50 avalons together is very less. It does not matter if they were ordered together (look at Jeremiah Johnson's posts).

Have fun.

Perhaps you want to post in his thread directly but I understand it as this:
Everyone who's in the plan is getting their cut proportionally based on the mining profits from the units that have arrived until all units have been fully received. There's no queue system.

If there is a long wait until all shipments arrive, your potential loss is whatever saving advantage you have in electricity and his hosting fee. However, at the same time reshipment is costly as well since there's the loss to shipping downtime. So by having him mine immediately, the group's earnings are maximized.

Nope. If 25 arrives and 25 does not, the earnings of first 25 gets divided among all owners of 50 avalon, so it is not only electricity/hosting fees, but also significant chunk of earning.