Quote from: Caesium on September 17, 2013, 03:32:28 PM

Quote from: almwaysa on September 17, 2013, 02:31:09 PM

May I add to the motion that priority of selling goes to shareholders?

Depends how creativex plans to sell it. If at auction, I vote no for this addition, it will restrict the price we can achieve.

Hi Caesium. I intend to sell in a manner in which we'll not be obligated to sell at a price that is unfavorable to shareholders of bASIC-Mining. There's no hurry to sell equipment that is still producing, I simply feel it's best to avoid the steepest portion of the depreciation curve. Though I'm not pleased with the prospect of investing significant time on listing, packing, and shipping our gen 1 gear, I feel it's in our best interest to do so if we can realize compensation greater than what we can expect by mining this same hardware in the coming months. An auction format would only be considered if a reserve price were set in advance that was higher than the equivalent hashrate cost of gen 2 equipment. For example Avalons would not be sold below 4.13BTC/module currently. Doing so would not be in the best interests of shareholders.

Cheers.