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Author Topic: Lowest Unique Bid Auction - 1 Satoshi minimum bid - Lightning Network.  (Read 156 times)
lightningauction
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November 11, 2018, 08:44:27 PM
 #1

This is a placeholder for us to have public discussion on our new game/auction.

Further information to follow.
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lightningauction
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November 11, 2018, 09:53:24 PM
Merited by DarkStar_ (1)
 #2

We are beta testing https://lightningauction.net/

It is a lowest unique bid auction. And we are running an auction for 10,000 satoshi's (only about $0.6!) but will increase when out of BETA each day.

You can bid any number of Satoshi (yes even 1!). And the bid that was the lowest unique bid at the end of each day wins.
So if we got these entries:
4,5,3,4,5,6,1,2,3,9,7,6,5,2,6,1
The winning bid would be 7. So we would pay 10,000 satoshi's to whoever entered that amount. It is the winner because all the bids lower than 7 were not unique.

To enter you need a Lightning Wallet. As sending 1 Satoshi using bitcoin would cost you too much in fees! But we pay you back in Bitcoins if you win.

More info on the site.

I am going to enter a bid of 100 now - as want to be sure we get 1 bid today so people get the idea and so we are 100% sure it is working. So don't bid that as it will not win.


lightningauction
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November 15, 2018, 11:47:32 AM
 #3

Congratulations to: 37AS3fTWkT9MSiM5AYfUVYr9XGHYqj3ttD

They just won 10,000 sat with a bid of 1 Satoshi!

https://lightningauction.net/auction/3

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November 22, 2018, 12:02:14 PM
 #4

We are now onto our 10th Auction.

Site is slowly getting more popular - and various strategies are emerging.

We have added a new function so that in addition to bidding on today's auction you can also bid on the following 2 days too.

But we are still paying out more than is bid so it is still profitable to enter!
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November 28, 2018, 10:48:49 PM
 #5

We have now started weekly auction for 100,000 Satoshi (about $4-$5)!
https://lightningauction.net/auction/22

so you can now win 100,000 with a bid of just 1 satoshi

Ends on 9th Dec.
SetasSan
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December 27, 2018, 05:37:29 PM
 #6

Hello,
I paid invoice https://lightningconductor.net/invoice/268 but in the page status, it shows error "error in making payment:rpc.RPCError: Insufficient funds"
What does it mean? Will I get btc to my address bc1q88qdfje7gu8ulrgq7azyrgn2lmjlw57fykxzua ?
Tried to contact you via email, but Gmail is bringing me the error.
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December 30, 2018, 02:27:31 PM
 #7

Thanks, just received pay payment back
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