Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
The usb sticks are going to be a huge success, but we desperately need something better than bidding in the auction forum here to sell them; the last couple minutes of the last auction were a bit crazy, and many bidders got blocked out with the last second frenzy by the anti-spam settings for the forum.
Problem is, how to set this all up on a solid auction forum? We can at least have some vetting on the bidders to some extent when they take place on this forum, but as the volume of the auctions ramps up, I fear this will become an unmanageable mess.
Problem is, how to set this all up on a solid auction forum? We can at least have some vetting on the bidders to some extent when they take place on this forum, but as the volume of the auctions ramps up, I fear this will become an unmanageable mess.
Probably most bidders should know by now to turn off those settings when they want to bid. Or in the OP for the auction it should be stated as a suggestion.
Not sure how realistic it is to auction all the USB sticks, maybe batches of 100 max each? You could make it a reverse auction, where ASICMINER will set an initial price (presumably high), and everyone who wants in on that price bids x# of units.
If all 100 are spoken for at that price, then an auction will start, with the bidding to start at the initial price, with a specified end date. This should weed out the period of initial low bids (see last ASICMINER auction where a lot of time and thread space was wasted for the bids between 9 to 30 BTC when the 30-50 BTC was what really mattered). At the end date and time, additional bids extend the auction by 5 minutes.
If all 100 are not sold at that initial price, then every hour/pre-determined time period, the price will drop by 0.5BTC, until there are enough unit bids to reach 100, at which point the auction ends, and the first 100 bids will pay the same price.
Seems feasible and a lot more easy.
the concern then, for me anyway, is the whole "lots of 100" part. i am absolutely looking to get my hands on some of these usb miners, but there's no way i can afford ten, let alone 100. would we see those who win the 100 then reselling them for a higher price, and that would be the only way for small fries like me to get one?