Ninjastic
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Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
organofcorti
on 02/05/2013, 05:03:17 UTC
Quote from: John (John K.) on May 02, 2013, 04:56:41 AM
Quote from: SebastianJu on May 02, 2013, 04:53:34 AM
Quote from: John (John K.) on May 02, 2013, 04:51:02 AM
5 might be too long Wink

I think youre right. Otherwise everyone would wait 5 mins with the "last" bid and it would grow indefinitely. But 1 min might help. Though i dont know if its enough time to get around the trouble of not being allowed to post?

Hmm... There should be a guide at the OP to disable the warning where if someone posted first. 1 minute should be enough for those who has not done so anyway as the auction is already extended by 1 minutes.

Yeah, the secret ballot style auction might work too as I said above, but I sell prefer the auction extension style.More transparent.

If you don't want a sealed bid auction, how about a Dutch auction? Start high, and bids are fulfilled until the last item is sold. I reckon a Dutch auction would do well since you already have an indication of how well the ASICs will sell, and people are very keen not to miss out.