The original idea is based on 10 second auctions with 10 second extensions when someone bids. I tried to make it more viable for blockchain and Hive in general giving it more time. I had 1 hour extensions but as more bids get in, it would reduce to 30 minutes, 15 minutes, and 7 minutes, but enough bids never got in. If we didn't throw a couple bids in there, it would been over with a 90% loss.

I am tempted to try again starting with 30 minute extensions, to see if that is better, but I don't think the result would be much better. It just isn't the same thing when the auction takes so long to complete, it really needs to be 5-10 minute extensions at most, but it would probably run out with 80-90% loss which just isn't sustainable.