Done.  Yes, that's allowed (bidding for multiple coins).

thanks,
Bobby

Hi everyone.

For full clarity:
Yes, you can bid for multiple coins, just like how Hox did that in his post, by specifying "2 @ 1.15 BTC" for example.

At the time that Hox bid, he won 2 of the top 5 spots.
However, as of right now, both of his bids have been out-bid.

thanks,
Bobby

Glad you like the auction format!  I like it too.  
I think it's a fair way, for all of you to pay the same "lowest" price for winning the auction.
(I learned about this auction format from eBay, many years ago.)

You're now #1 highest bid.

Happy bidding!

thanks,
Bobby

Hi Zepher,

I've updated your bid, and now you're #1:

Current 5 Highest Bids - updated through post #17.

- 1.25 - Zepher
- 1.2 - chronicsky
- 1.2 - bithalo
- 1.2 - Hox
- 1.2 - Hox       <-------- All 5 auction winners will pay the same "lowest of 5" bid, marked here.


At this point, a valid bid would need to be at least 1.25 BTC.
and if you do bid 1.25 BTC, you would go into position #2, after Zepher, as he bid the 1.25 BTC before you.
(if you bid at 1.3 BTC or higher, then you would go into position #1, above Zepher.)

thanks,
Bobby

yes, mostly so.

Unless you guys get crazy and the other 4 winning bids all somehow also choose to bid like 1,000 BTC! 

Obviously, only bid what you intend and can afford to pay (in the worse case).

thanks,
Bobby

To help people better understand the rules of this auction:

At the time of this post, the 5 winning bids are:

1) 1.2 - chronicsky
2) 1.2 - bithalo
3) 1.2 - Hox
4) 1.2 - Hox
5) 1.2 - Seccour        <-------- All 5 auction winners will pay the same "lowest of 5" bid, marked here.

Here, Seccour has placed the 5th bid of 1.2 BTC.  At the time of this post, Seccour has placed a successful bid that's placed in the top 5, at position #5, for the amount of 1.2 BTC.  It just happens that all 5 "winning bids" at this time, are all of 1.2 BTC.  If the auction were to end now, then these 5 people would win the auction, at the 1.2 BTC price, which is the "lowest of the 5 winning bids" (as bid by Seccour).

For the rest of you, if you want to make a successful bid, then you would now need to bid at least 1.25 BTC, at which point your bid will go to the top, and become the #1 winning bid.  With that, Seccour will fall off the list, and the new #5 would be Hox.  If the auction were to end at that time, then the top 5 people would still win the auction at the same price of 1.2 BTC, despite the fact that the highest bidder placed a bid of 1.25 BTC (or more).

So short answer: don't place any more bids at 1.2 BTC as none of those would get you into the "top 5" now.  
At this point, only bids at or above 1.25 BTC would qualify.

(Another hint: bid a higher amount to guarantee you remain as #1, so that you won't get knocked off easily.  And the best part is that when you win the auction, you still only have to pay the price of the lowest of all 5 winning bids, and not your "highest bid".)

Happy bidding! 

thanks,
Bobby

Sorry, that was a typo. It's actually supposed to be "4. Each winning buyer pays for the coin at a price equal to the lowest of the five winning bids."

We corrected it now.

==========

End of Auction Update

Congratulations Blazed and Otoh for winning the auction. Please pay 1.85 BTC for each coin you won, three for Otoh (5.55 BTC in total) and two for Blazed (3.7 BTC in total). The payment address is:

1Nhd5a2knhzY1qVmKi3kDYVdiR2cgqJPdG

==========

Current 5 Highest Bids - updated through post #61.
- 2.0 - Otoh
- 2.0 - Otoh
- 2.0 - Otoh
- 1.85 Blazed
- 1.85 Blazed
   ^-------- All 5 auction winners will pay the same "lowest of 5" bid, marked here.

---

We’ve seen a lot of interest in the artist’s-proof One Bitcoin coin over the past few weeks, and are now holding an auction for the coins here. Details are as follows:

* Product Name: One Bitcoin, Artist’s Proof


* Product Description: This is a limited-edition gold-plated brass coin that we made as an artist-proof while considering material choices for the BTCC Mint One Bitcoin. This is a pre-production item. Less than 100 of these coins were made. Five coins in total will be sold. This item comes in an acrylic case and premium BTCC envelope.

***Please note that this is a pre-production item with significant blemishes, some scratches, uneven coloring, and other imperfections.****


* Bitcoin content: Loaded with 1.0 BTC, freshly mined from BTCC Pool in early 2016 (coinbase transaction)


* Specifications:

Diameter: 43 mm

Thickness: 3.50 mm  

Weight: 40 grams

Material: Gold-plated brass


* Auction Terms:

- The auction starts now and end at 3:00 PM (UTC) on Tuesday, November 29th, 2016.


- The auction will be held as follows:


1. Interested buyers should submit individual bids for the coins.

2. The bids are sorted in descending order.
(Updated with Clarification: bids of same amount will be honored on first-come, first-served basis.)

3. Buyers with the five highest bids win the auction.

4. Each winning buyer pays for the coin at a price equal to the lowest of the five winning bids.
(Updated with Clarification: this means that the highest bidder may not need to pay the amount of his/her bid, but rather just pay the amount of the 5th winning bid.  Usually, the 5th winning bid would be lower than the 1st winning bid, unless all 5 winning bids are of the same amount.)


- The starting bid is 1.15 BTC.


- The bid increment is 0.05 BTC.


- Payment is in bitcoin only. Payment details will be posted here in the OP after the auction finishes.


- No sniping! Every bid (on any coin) within 15 minutes of the end of the auctions, will extend the full auction for another 15 minutes.


- Winners will have 3 days (72 hours) to make payment.


- Shipping will take place once payment has been received.


- Free economy shipping is included. We will ship to you via China Post (Air), which takes up to two weeks to reach most destinations worldwide.


- Optional: Winners can choose to upgrade to FedEx Priority shipping, by paying an extra 0.06 BTC per coin.  This FedEx Priority shipping will reach most destinations within two days.


Good luck bidding!

You're funny... I wish that were the case.

But unfortunately, this little birdie won't be flying to the United States anytime soon.
(due to USA law and regulation.)

Sorry!


It'll be something you can buy, and not give-away or promos.


thanks,
Bobby

A little birdie tells me that you all won't need to wait much longer....

We have an end-of-year surprise coming very soon! 

Who can guess?

thanks,
Bobby

Hi everyone,

The big sale is now over, along with the promotional offerings of these 6 "artist's proof" coins.  All 6 have been sold.  You guys were fast!   

There has been some discussion about whether scripts were used.  I frankly don't know.  From the perspective of a web front store, that's hard to tell, and we didn't have the capability to filter out scripting.  (A sufficiently smart script is indistinguishable from a well-behaved web browser.)  What I do know, is that you had to be lucky, to click on the page just at the right time, to get allocation and ability to add to the shopping cart, and then successfully checkout.

The purpose of this "special", is just to give a lucky price break to people who was there at the right time to buy the coin at a good price.  It was in conjunction to the promotion for our big sales event.  In the end, there were only a few coins available, so by nature, there was no single fairest way to sell them.  (Remember, not all of our customers are members of Bitcoin Talk, so an auction-only way was not enough.)  So in the end, we decided to sell some of them via this method, and then sell a few more via auction. 

We will announce the auction soon, so that you may bid on them if you didn't get to buy it on the store.

thanks,
Bobby

We have already sold 3 in the last ~35 hours.
Only 3 left to be sold at this crazy low sale price, in the next ~38 hours.

Next one will be coming up in exactly 2 hours!
Come snipe it now if you can.

After this sales event, we will auction a few more of the remainders here on Bitcoin Talk forum.

Happy shopping!

Thanks,
Bobby

Hi everyone,

Thank you for all of your feedback.  We now have some pretty good ideas for what to do next!  
(If you still have suggestions, please let us know soon!)

Stay tuned, we will try to address your suggestions as soon as possible!

In the mean time, please go check out our Black Out Sale, the lowest prices for the year!
https://store.btcc.com

(This event corresponds to a huge sales event in China, known as the Single's Day Sale, on November 11th of each year.)

And we also have an all-new main site for BTCC Mint:
https://mint.btcc.com

Let us know what you think!

thanks,
Bobby

We have made available for sale six artist’s-proof One Bitcoin coins on our store.

To ensure that everyone has a chance at buying these coins, we’ll be selling one of the coins on the BTCC store website each day at 11:00 a.m. and 11:00 p.m. (China time; UTC+8) starting tomorrow, November 11th.

We made less than 100 of these coins, and many have been destroyed/lost. We have about 10 or 11 of these coins in our possession, and will sell six on the store and auction the rest here on Bitcoin Talk.

Click here to buy/learn more:
https://store.btcc.com/products/one-bitcoin-artist-s-proof

We've got a special gift for you 

Hi, there was a bug with our countdown timer. There's five more days left in the contest.

BTCC is holding a blackout sale, November 8th to November 13th. Buy now to enjoy the lowest prices of the year! We have discounts across the board for BTCC Mint products, up to 15 percent off total price/85 percent off markup!

BTC-E was founded in July 2011. We incorporated on June 9, 2011. 

https://www.btcc.com/news/media-coverage/btccs-firsts

BTCC, the company behind the longest-running bitcoin exchange worldwide, today launched a new BTC/USD exchange that was designed in close collaboration with leading bitcoin traders. The new exchange features industry-leading rates and a multi-tier referral program to maximize passive income.

The new exchange is geared for dedicated traders, with FIX APIs, a fast trading engine, and a unique multi-tier referral program, in which customers can get up to 33 percent of referees’ trading fees. 


Notably, instead of reducing fees for liquidity providers like most bitcoin exchanges do, BTCC USD Exchange’s maker-taker model actually pays makers — customers who place limit orders that add to the bid or ask in the order book — 0.05 percent of the order’s value.

BTCC USD Exchange is the only bitcoin spot exchange that pays traders for adding liquidity to the order book.

Sign up for the new exchange by visiting: https://exchange.btcc.com.