Quote from: wasref on February 10, 2016, 06:56:33 PM

how do we bid on the chain

From the HowTO written by jasemoney-thesherpa:

How to Bid
To bid you must send Bitcoins from a Bitcoin address whose private key you control. Do not send from an exchange. It is recommended to use coin control so you know which address you are sending from and can dump the right private keys to transfer over to Bitcredit-QT. If you do not use coin control check a Bitcoin explorer for your transaction and dump private keys for the address(s) used as inputs for your transaction.
1) Inside the Block Auction page of Bitcredit-QT you can see when the next bids cycle will begin by updating the data. Remember the bids cycle starts fresh at 00:00GMT so it is recommended to bid as close to this time as possible to get as close to a full 24 hours of payouts as possible.
2) Send some Bitcoin to the bid address. Currently both Bitcoin Core and Electrum private keys work but please test with small amounts, the minimum is 0.001BTC for bids.
3) Double check your transaction and dump the private key of your sending address
a. in bitcoin core console unlock your wallet: "walletpassphrase 300"
b. -then "dumpprivkey

" copy this key
4) In your Bitcredit-QT import the private key of the BTC address you bid from.
- -in the Bitcredit-QT console unlock your wallet: "walletpassphrase 300"
- then "importprivkey
5) Wait until the next bid assessment block passes and you will begin receiving your share of the daily bid's BCR coins
Tips:
-Your bitcoin client will send your Bitcoin change if there is any to a new different address, if you bid again you will have to find the new address your client sent from and import that private key into Bitcredit-QT. This can be avoided with coin control to send change to a specific address (input here same as spending address.) Generally this is not a Bitcoin wallet best practice but does simplify the BCR bid process.
- I usually put in "bid"+"date" so it looks like this "importprivkey bid121015" in this way I can use coin control in Bitcredit-QT and see the full payout for my bid on December 10th.