Bitcoin Forum

Economy => Auctions => Topic started by: BITMAIN on February 07, 2015, 02:38:28 PM



Title: Coinbase Content Auction is running, own a piece of blockchain real estate
Post by: BITMAIN on February 07, 2015, 02:38:28 PM
On January 3rd, 2009, Satoshi Nakamoto famously included a newspaper headline in the coinbase of the Genesis Block. It read:


Quote from: Satoshi Nakamoto

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks

Because of the blockchain’s permanent and inalterable nature, this message is now preserved for eternity (see it for yourself!), and the newspaper headline that Satoshi chose to include is now quite well known among those in the bitcoin community.

This February 7th-8th, AntPool invites you to make your own mark on history by embedding a custom message inside the blockchain forever!

As we cannot predict in advance the exact number of blocks that we will mine on a given day, we will be auctioning off the coinbase slots in a dedicated auction thread beginning on February 7th at UTC 0800. The auction will be for all of the blocks mined by AntPool on February 9th. If we mine seventeen blocks on February 9th, then the seventeen highest bidders will all have their message included, in order (highest bidder = first block found).

The starting bid amount will be 1mBTC (0.001 BTC), and the minimum bid increase is also 1mBTC.

The text included in the coinbase script must not exceed 30 bytes. The coinbase script supports the alphabet, arabic numerals, and Chinese characters (UTF-8, each character is 3 bytes). You can put a URL in your text, but URLs may not contain inappropriate language, or point to anything related to gambling, illegal drugs, pornography, or obvious scams. Approval of all messages is at the sole discretion of AntPool.

Your text probably won’t become as famous as what Satoshi wrote back in ‘09, but you can still enjoy the satisfaction of having permanently made your mark on bitcoin in its infancy. That’ll be a story for the grandkids one day!

----

The auction will be held on the Bitmain forums: https://forum.bitmain.com/bbs/topics/1203


Title: Re: Coinbase Content Auction is running, own a piece of blockchain real estate
Post by: BITMAIN on February 07, 2015, 02:40:02 PM
Only 5 blocks are available in this round.


Title: Re: Coinbase Content Auction is running, own a piece of blockchain real estate
Post by: Quickseller on February 07, 2015, 03:45:31 PM
Will the funds be treated as TX fees for the miners in your pool or are you going to keep the proceeds yourself?


Title: Re: Coinbase Content Auction is running, own a piece of blockchain real estate
Post by: newIndia on February 07, 2015, 10:50:09 PM
Only 5 blocks are available in this round.

I dont understand how this auction is going on ? Will the bid prices be taken before or after writing the messages ? If it is taken before, then will u return those bids that did not win ?


Title: Re: Coinbase Content Auction is running, own a piece of blockchain real estate
Post by: Dogedigital on February 08, 2015, 04:24:16 AM
I asked by PM but i'll ask here since I didn't get an answer,

Can this be done at anytime or is this a special event that has to be coordinated?



Title: Re: Coinbase Content Auction is running, own a piece of blockchain real estate
Post by: BITMAIN on February 08, 2015, 01:43:56 PM
I asked by PM but i'll ask here since I didn't get an answer,

Can this be done at anytime or is this a special event that has to be coordinated?


Hi
Currently we have to process it manually, will start a new post on Bitmain Talk https://forum.bitmain.com when we are ready to auction next round.
We are now considering to develop a automatic auction page on bitmain.com, users may bid at any time and display its own Coinbase content won at that time.

Thanks for your kind question.


Title: Re: Coinbase Content Auction is running, own a piece of blockchain real estate
Post by: BITMAIN on February 08, 2015, 01:46:12 PM
Auction ends, Please refer to the links:https://forum.bitmain.com/bbs/topics/1203

5 winners in this round, we will start next round on Feb.9


Title: Re: Coinbase Content Auction is running, own a piece of blockchain real estate
Post by: BITMAIN on February 08, 2015, 01:48:59 PM
Only 5 blocks are available in this round.

I dont understand how this auction is going on ? Will the bid prices be taken before or after writing the messages ? If it is taken before, then will u return those bids that did not win ?

Currently bid price will be taken after auction ends, but before the blocks auctioned starting to be found.


Title: Re: Coinbase Content Auction is running, own a piece of blockchain real estate
Post by: Quickseller on February 08, 2015, 02:47:26 PM
Will the funds be treated as TX fees for the miners in your pool or are you going to keep the proceeds yourself?
Will the funds from the proceeds of the auction be treated a TX fees (the miners that are mining on your pool get them) or are you going to keep the proceeds?


Title: Re: Coinbase Content Auction is running, own a piece of blockchain real estate
Post by: Dogedigital on February 08, 2015, 03:00:47 PM
Only 10 characters will fit?


Title: Re: Coinbase Content Auction is running, own a piece of blockchain real estate
Post by: BITMAIN on February 09, 2015, 05:22:57 AM
Only 10 characters will fit?

Because some bytes are reserved for Antpool's info, users can use the remaining 30 bytes.