CHAINBID.com - 1° Gambling with Unique bid auctions in BITCOIN

[katerniko1]

We opened a specific thread for request of promo free credits in Games and Round, because, from regulation, we should not do it here.

https://bitcointalk.org/index.php?topic=1242610

This thread will remain still our main to keep you informed and communicate directly with our customers.

nice promo from your side.
regards.
-Katerniko1

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[knightkon]

I reviewed the site and it is definitely unique.  I am not understanding one thing though:
You are saying that the lowest unique bid is the winning bid.  Since this is an auction style, a bid is a bid and I o not understand if there is a cost for the bid.  For example, if I bid .00031231 as my bid, do I have to pay that amount in order to take that bid amount?   Will there be shipping charges on the items won, or will all winning items be digital or virtual?  Just a few questions I did not understand or see answered. 

[Battareus]

I reviewed the site and it is definitely unique.  I am not understanding one thing though:
You are saying that the lowest unique bid is the winning bid.  Since this is an auction style, a bid is a bid and I o not understand if there is a cost for the bid.  For example, if I bid .00031231 as my bid, do I have to pay that amount in order to take that bid amount?   Will there be shipping charges on the items won, or will all winning items be digital or virtual?  Just a few questions I did not understand or see answered. 

I don't understand how you reviewed the site, which still closed. I will wait until opening after which it will be possible to make any conclusions.

[ChainBid]

I reviewed the site and it is definitely unique.  I am not understanding one thing though:
You are saying that the lowest unique bid is the winning bid.  Since this is an auction style, a bid is a bid and I o not understand if there is a cost for the bid.  For example, if I bid .00031231 as my bid, do I have to pay that amount in order to take that bid amount?   Will there be shipping charges on the items won, or will all winning items be digital or virtual?  Just a few questions I did not understand or see answered.  

Hi knightkon.

In "Unique Bid Auctions" every user will pay a small fee (1 credit) for each bid independently of the amount of the bid.

Example:
1. If user "a" will make a bid of 0.0001 BTC, he will pay only 1 credit.
2. If user "b" will make a bid of 0.0001 BTC, he will pay only 1 credit.
3. If user "c" will make a bid of 0.0003 BTC, he will pay only 1 credit.
4. If user "d" will make a bid of 0.0025 BTC, he will pay only 1 credit.
5. If user "e" will make a bid of 0.0400 BTC, he will pay only 1 credit.
6. If user "e" will make a bid of 0.0500 BTC, he will pay only 1 additional credit (2 total credits).

At the end of the auction the winner, to collect the prize, will pay the amount of winning bid (in our example: user "c" with 0.0003 BTC, the lowest and unique bid).

For the beginning items are only digital or virtual, in the future, just insert even physical object, we will see what will be best to do about shipping costs.

if you have more questions please feel free to ask

[ChainBid]

<48 hours to the launch. Hurry and ask the free credits in our Giveaway thread

https://bitcointalk.org/index.php?topic=1242610.0

[ChainBid]

First auctions in the program, which you can participate with the free credits, will focus:

1) Bitcoin
2) Litecoin
3) Black Ops III

Good luck

staff ChainBid

[ChainBid]

Hi People

Few hours at the start! Get on board, you are welcome.

Good luck

[ChainBid]

Promotion is finished.

Thanks to all those who have requested it.

Stay tune for the next opportunity.

Good Auctions at all.

We invite participants to register and tell us their nickname, for the allocation of free credits. Thanks

[ChainBid]

1° Auction
https://www.chainbid.com/bid/401/0.10-BTC

Auctions deadline: Nov. 13 - 2015 17:00:00 UTC

Go go go!

[d4nin3u]

I personally think that, unless Chainbid gets promoted much more, the site won't be successful the way it is now.

Because:
It needs ~100 bids for an auction to be fully completed (a prize is rewarded to the winner) [apart from Minecraft of course].

 This means there have to be at least 100 active users in order to reach this state.
Right now I don't see any auction even close to the set limit --> it is likely to fail.
If many auctions fail, there is no real reason to take part in an auction, because it will fail anyway.

==> The site will go down after some time.

Please feel free to correct me if I am wrong

[ChainBid]

I personally think that, unless Chainbid gets promoted much more, the site won't be successful the way it is now.

Because:
It needs ~100 bids for an auction to be fully completed (a prize is rewarded to the winner) [apart from Minecraft of course].

 This means there have to be at least 100 active users in order to reach this state.
Right now I don't see any auction even close to the set limit --> it is likely to fail.
If many auctions fail, there is no real reason to take part in an auction, because it will fail anyway.

==> The site will go down after some time.

Please feel free to correct me if I am wrong

We need a little bit more time

We are online from <24 hours

This means there have to be at least 100 active users in order to reach this state.

No, Single user can make many bids in same auction

[shulio]

We need a little bit more time

We are online from <24 hours

If you make a very little effort to promote the site then your site will be dead soon. Even a site that promote it heavily is not guarantee to success here. I have seen alot site that dont promote and fail here

[ChainBid]

If you make a very little effort to promote the site then your site will be dead soon. Even a site that promote it heavily is not guarantee to success here. I have seen alot site that dont promote and fail here

Working on it 

[FrueGreads]

Just to get one thing straight. I know sites like this, but you are actually making bids on things you want to buy. It's the same system, the lowest bid wins. But on you concept we are trying to win prizes, and not actually buying stuff right?

Both are quite interesting, specially with btc, so I want to see how this one goes.
If we are actually buying things do you deliver worldwide?

[shulio]

If you make a very little effort to promote the site then your site will be dead soon. Even a site that promote it heavily is not guarantee to success here. I have seen alot site that dont promote and fail here

Working on it 

Someone made almost the same system long ago biddybid ot something like that and it fails. No promotions and nothing at all, the longer you waste your time the faster the site will be dead. Also there are atleast 1 new site each week nowadays so more competitior

[ChainBid]

Just to get one thing straight. I know sites like this, but you are actually making bids on things you want to buy. It's the same system, the lowest bid wins. But on you concept we are trying to win prizes, and not actually buying stuff right?

Both are quite interesting, specially with btc, so I want to see how this one goes.
If we are actually buying things do you deliver worldwide?

For the beginning items are only digital or virtual, in the future, just insert even physical object, we will see what will be best to do about shipping costs. Thanks

[Himea]

i want to know if someone already bid with amount 0.0004, can i bid with the same amount ?

[ndnh]

The game is on multiples of 0.0001?? Can you confirm this?

What if more than 1 player wins? Is it possible? Would the prize be shared?

What happens if the "quorum" of an auction is not reached but the timer runs out?

i want to know if someone already bid with amount 0.0004, can i bid with the same amount ?

Yeah you can.

[155UE]

I see the bid is over. Who won the 0.1 ?

[ndnh]

Read and got answers to some of my questions.

I like the concept, but just need something to guarantee that you would actually payout.

I see the bid is over. Who won the 0.1 ?

No one. 

All auctions have a deadline. In the unlikely event that the auction, at the end, does not have a unique offer, the auction will be canceled and receivables credited to those who joined the auction. The auction is effective when it reaches the minimum number of tenders given. If the auction does not reach this minimum, it is canceled and credits will be returned to the partecipants.