Step-Down Auction

A Step-Down Auction is a marketplace listing where the price drops over time until someone buys the miner or it reaches its final price.

What is a Step-Down Auction?

It is a listing where the price drops over time. The seller sets a starting price and a final price. The price then goes down automatically until someone buys the miner or it reaches the final price. There is no bidding: whoever buys first at the current price gets the miner.

What is a drop?

A drop is the automatic price reduction. The price goes down by a fixed amount at a set interval (every 1 hour, 4 hours, or 24 hours, depending on the listing).

What is the final price?

The final price is the lowest possible value the price can reach. It never goes below this. Once the price reaches the final price, it stops dropping, and the miner keeps selling at that price.

How do I buy?

Buy at any moment at the price shown right now. Payment is in GOMINING tokens and is charged instantly.

I clicked Buy, and the price changed. Why?

The price may have dropped between your click and the payment. The system shows you the new price and a notice. Just confirm again at the current price.

The price stopped dropping. Why?

The listing reached its final price. It will not go lower, and the miner keeps selling at that price.

What should I keep in mind before buying?

The price can keep dropping, but waiting is a risk: another buyer can take the miner at any moment. Check the miner's details and ROI before you buy. A completed purchase is final and cannot be cancelled.

Where do I see the price drop on a miner's page?

Open the miner and look for the Price drop row. It shows the status of the descending price for that listing. Tap it to expand the details. This is the same mechanic as a Step-Down Auction.

The Price drop row says "Ended." Can I still buy?

Yes. "Ended" means the price has finished stepping down and reached its final price. The miner is still for sale at that final price. Use the Buy button to purchase at any time.