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Topic: [ETH] All Pay Auction - allpay.auction - 30eth up for grabs - page 2. (Read 1446 times)

hero member
Activity: 1036
Merit: 504
Becoming legend, but I took merit to the knee :(
So says Auction is for 30 ETH

A bids 5

B bids 10

C bids 12

D bids 15

After 24 hours, D wins, gets 30 ETH, meanwhile, you profit 12 ETH off nothing?

Call it a ponzi, not an auction
newbie
Activity: 11
Merit: 0
WARNING: Do not send directly from Exchanges or Wallet Contracts. Send to the contract using only personal addresses.

BRAND NEW SITE http://allpay.auction

The contract address is: 0xafcb0ca8f05c5374a4d11f4197fc25f51a76813d

live.ether.camp URLs:
MasterAuction Contract (Only send ether here)


To send using geth or eth:
eth.sendTransaction({from: eth.coinbase, value: web3.toWei(1, 'ether'), to: '0xa9e4e3b1da2462752aea980698c335e70e9ab26c', gas: 500000})

  • A new auction begins when the first bid is made. A first bid of 0 ether is accepted.
  • An auction ends when there has been 24 hours without a new bid.
  • Because this is an all-pay auction, you pay the amount you bid regardless of whether you are the winner.
  • As with a standard auction, the highest bidder at the end of the auction receives the ether for sale.
  • If you make a bid that is not higher than the highest bid, your bid will be ignored and you will be refunded.
  • The ether for sale will be sent to the winner when the first bid is placed on the next auction.
  • The ether for sale in an auction is the total ether bid in the previous auction (minus a small fee).

The contract has been verified by Etherchain as you can see here:
https://etherchain.org/account/0xafcb0ca8f05c5374a4d11f4197fc25f51a76813d#code


If you have any question, please feel free to ask, I am more than happy to answer.
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