I was outbit but I still haven't see the 2BTC's either return to my Tradehill account or to my wallet. Is there something that I am missing?
Their withdrawal page states:
Transfers from Tradehill will require one business day to process.
so maybe the same is true with failed bid refunds as well.
Lagged out in the final minutes, couldn't even rebid. Very frustrating.
That's the risk you take when you try to snipe. Since I had a feeling their site wouldn't handle the last minute sniping I put up my max bid 30 minutes before end of auction to be safe and got 3 units for 2.29BTC ea. Curious if Yufi is happy with the results considering the previous minimum bid was 6BTC...
I did not try to snipe. I was consistently ahead of several hundred bidders and my bid seemed safe. I monitored the auction on an ongoing basis. Their site failed to respond with several minutes remaining. I did not find a mechanism to increase my bid, only to cancel and re-open.
I was not able to express my intent to bid on their auction site. I am sure that this was true of others as well. Not only that, the site does not show the bidding results anymore, they were taken down when the auction was over. I think that an essential aspect of an auction is transparency, and the final results are not transparent.
I think there is a wide open field for anyone else to compete at auctioneering.