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Bitcoin Forum > Economy > Marketplace > Auctions > 4 KnC Jupiters +/- 525GH/s stable, IN HAND - IMMEDIATE DELIVERY (fast auction)
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Author Topic: 4 KnC Jupiters +/- 525GH/s stable, IN HAND - IMMEDIATE DELIVERY (fast auction)  (Read 2472 times)
Xialla
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October 28, 2013, 10:51:40 PM
 #41
Quote from: Rampion on October 28, 2013, 07:41:54 PM
First of all: thanks to all for bidding. Unfortunately the reserve price I stated in the OP was not met (35 BTC), and thus for the time being I'll keep the units and mine with them myself.

I thank you all for your business and the trust deposited in me, if anybody is willing to meet the reserve price please PM me and we can discuss it.

Quote from: Rampion on October 26, 2013, 08:53:37 AM
Starting bid:

4@1BTC

..so clever to start auction with 1BTC and not with reserved price.)
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Rampion (OP)
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October 29, 2013, 12:11:28 AM
 #42
Quote from: Xialla on October 28, 2013, 10:51:40 PM
Quote from: Rampion on October 28, 2013, 07:41:54 PM
First of all: thanks to all for bidding. Unfortunately the reserve price I stated in the OP was not met (35 BTC), and thus for the time being I'll keep the units and mine with them myself.

I thank you all for your business and the trust deposited in me, if anybody is willing to meet the reserve price please PM me and we can discuss it.

Quote from: Rampion on October 26, 2013, 08:53:37 AM
Starting bid:

4@1BTC

..so clever to start auction with 1BTC and not with reserved price.)

Reserve price and starting bid are two different concepts and have two different uses, I think it's fair as I stated the reserve price in the OP.
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October 29, 2013, 12:30:22 PM
 #43
I agree. Reserve and min bid is different things. Rampion did a good and fair auction where reserve can or can not meet, but give an insight of the current price market.
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