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Author Topic: Lowest Unique Bid Auction - Round 1. Win 1 BTC with 0.01 BTC!  (Read 1513 times)
TradeFortress 🏕
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July 09, 2013, 02:15:05 AM
 #1

How this works
This is a lowest unique bid auction. The person who places the lowest, but unique bid gets one Bitcoin. Bids must be in increments of 0.01 BTC (a bitcent).

Example
0.01 BTC: 3 bids, Alice, Bob and Charlie
0.02 BTC: 2 bids, Alice and Bob
0.03 BTC: no bids
0.04 BTC: 4 bids, Bob, Charlie, Daniel, Eve
0.05 BTC: 1 bid, Eve
0.06 BTC: 2 bids, Bob, Eve

Eve wins the auction and gets one Bitcoin.

Multiple Bids
To reduce variance, it may not be a bad idea to place multiple bids on sequential (or not) price points.

When does this end?
7 days from this post.

But can't others see all the bids?
That's why this uses Inputs.io Smiley

To bid, send increments of 0.01 BTC to http://inputs.io/pay?to=gladoscc&note=Lowest+Unique+Bid+Auction+Round+1
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Hollowinfinity
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July 09, 2013, 02:25:10 AM
 #2

This is a great concept.. -fingers crossed-
TradeFortress 🏕
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July 10, 2013, 02:47:43 AM
 #3

Daily bump Smiley
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July 10, 2013, 03:08:50 AM
 #4

I have found myself thinking about how to implement this kind of auction/game in a provably fair way without any sucess for the last couple days... I will watch this for a couple days to see how it works. Congrats for the implementation.

Adriano

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TradeFortress 🏕
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July 10, 2013, 12:01:36 PM
 #5

Got a few entries Smiley
HollowIP
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July 17, 2013, 06:44:39 AM
 #6

bump for anticipation. Cheesy

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July 17, 2013, 06:48:08 AM
 #7

It should be over now.

.







.
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July 17, 2013, 06:51:52 AM
 #8

It should be over now.

Should be- just awaiting the winning announcement. Smiley

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July 17, 2013, 07:07:25 AM
 #9

It should be over now.

Should be- just awaiting the winning announcement. Smiley
Are you hollowinfinity?
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July 17, 2013, 07:08:27 AM
 #10

It should be over now.

Should be- just awaiting the winning announcement. Smiley
Are you hollowinfinity?

Yeah- my other account is no good anymore and can post with this now. Can confirm on CC if you'd like. Smiley

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July 19, 2013, 05:35:59 AM
 #11

Bump to figure out where this stands.

Don't want extra people entering if the contest is already ended. Plus I wanna know if its lost money, or gained. lol Wink

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July 19, 2013, 07:37:32 AM
 #12

Ok. TF is trusted, but is this game provably fair?

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TradeFortress 🏕
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July 19, 2013, 11:27:29 AM
 #13

Sorry for the delay! Here's the results:

A: email SHA256 hash d3e8c86ded8a84ea38f1a7d6648201f8c461512d0f817902190bb4019d175713
B: email SHA256 hash fa952cc869c875f8a11639736a0e21dfd826f6589ed6949ffaa3fae4d0d9ae8d
C: email SHA256 hash b8e58e10ca79426590a1b3a2912b2a708000b8770f212d36abfc888143971624

0.01 BTC: A, B
0.02 BTC: B
0.04 BTC: B
0.05 BTC: C
0.06 BTC: B

The winner was hollowinfinity (B). Congrats!
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July 19, 2013, 11:45:59 AM
 #14

Sorry for the delay! Here's the results:

A: email SHA256 hash d3e8c86ded8a84ea38f1a7d6648201f8c461512d0f817902190bb4019d175713
B: email SHA256 hash fa952cc869c875f8a11639736a0e21dfd826f6589ed6949ffaa3fae4d0d9ae8d
C: email SHA256 hash b8e58e10ca79426590a1b3a2912b2a708000b8770f212d36abfc888143971624

0.01 BTC: A, B
0.02 BTC: B
0.04 BTC: B
0.05 BTC: C
0.06 BTC: B

The winner was hollowinfinity (B). Congrats!


YES! Thank you so much! Cheesy

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July 19, 2013, 01:23:38 PM
 #15

Sorry for the delay! Here's the results:

A: email SHA256 hash d3e8c86ded8a84ea38f1a7d6648201f8c461512d0f817902190bb4019d175713
B: email SHA256 hash fa952cc869c875f8a11639736a0e21dfd826f6589ed6949ffaa3fae4d0d9ae8d
C: email SHA256 hash b8e58e10ca79426590a1b3a2912b2a708000b8770f212d36abfc888143971624

0.01 BTC: A, B
0.02 BTC: B
0.04 BTC: B
0.05 BTC: C
0.06 BTC: B

The winner was hollowinfinity (B). Congrats!

Yey, paid > 0.1 to receive 0.1

BEEP BEP
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July 19, 2013, 01:35:47 PM
 #16

Sorry for the delay! Here's the results:

A: email SHA256 hash d3e8c86ded8a84ea38f1a7d6648201f8c461512d0f817902190bb4019d175713
B: email SHA256 hash fa952cc869c875f8a11639736a0e21dfd826f6589ed6949ffaa3fae4d0d9ae8d
C: email SHA256 hash b8e58e10ca79426590a1b3a2912b2a708000b8770f212d36abfc888143971624

0.01 BTC: A, B
0.02 BTC: B
0.04 BTC: B
0.05 BTC: C
0.06 BTC: B

The winner was hollowinfinity (B). Congrats!

Yey, paid > 0.1 to receive 0.1

Actually it was paid 0.13 to receive 1.0

vlees
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July 19, 2013, 01:36:44 PM
 #17

Sorry for the delay! Here's the results:

A: email SHA256 hash d3e8c86ded8a84ea38f1a7d6648201f8c461512d0f817902190bb4019d175713
B: email SHA256 hash fa952cc869c875f8a11639736a0e21dfd826f6589ed6949ffaa3fae4d0d9ae8d
C: email SHA256 hash b8e58e10ca79426590a1b3a2912b2a708000b8770f212d36abfc888143971624

0.01 BTC: A, B
0.02 BTC: B
0.04 BTC: B
0.05 BTC: C
0.06 BTC: B

The winner was hollowinfinity (B). Congrats!

Yey, paid > 0.1 to receive 0.1

Actually it was paid 0.13 to receive 1.0

Yes, sorry. I noticed my mistake but the site was being very slow. So when the site worked I refreshed the thread and saw my post didn't get through so I didn't bother with it. Apparently it got posted after all, which was not supposed to happen.
But first I thought the winner would receive 0.1

BEEP BEP
HollowIP
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July 19, 2013, 01:42:11 PM
 #18

Sorry for the delay! Here's the results:

A: email SHA256 hash d3e8c86ded8a84ea38f1a7d6648201f8c461512d0f817902190bb4019d175713
B: email SHA256 hash fa952cc869c875f8a11639736a0e21dfd826f6589ed6949ffaa3fae4d0d9ae8d
C: email SHA256 hash b8e58e10ca79426590a1b3a2912b2a708000b8770f212d36abfc888143971624

0.01 BTC: A, B
0.02 BTC: B
0.04 BTC: B
0.05 BTC: C
0.06 BTC: B

The winner was hollowinfinity (B). Congrats!

Yey, paid > 0.1 to receive 0.1

Actually it was paid 0.13 to receive 1.0

Yes, sorry. I noticed my mistake but the site was being very slow. So when the site worked I refreshed the thread and saw my post didn't get through so I didn't bother with it. Apparently it got posted after all, which was not supposed to happen.
But first I thought the winner would receive 0.1

The site is a little quirky with the posts and refreshes lately. Tongue


Also, it is confirmed and in my inputs.io account. Thanks again TF- mad props!! Cheesy

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