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How does the bounty system work?

I put +250 bounty on:

Replicate PHPBB password hashing in ASP.net c#

No answers - I felt - answered the question to a satisfactory degree, so I didn't award the bounty. But when the bounty expired, I was expecting the bounty to credit back to my account, but it didn't: it just dissipated into the void, which is a shame.

Is it meant to do that? That's ok if it is. But it seems a shame my 250 rep I have earned has just vanished; if I knew that was going to happen I would have awarded it to the best answer.

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marked as duplicate by ChrisF, jzd, YOU, Grace Note, Pops Apr 4 '11 at 20:55

This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.

Yeah, if there is no new +2 voted answer after bounty started – YOU Apr 4 '11 at 11:14
I fell in this too in this question, assuming the +50 bounty will go to Arjan, not knowing the "answers posted after the bounty started" pit. :/ – Shadow Wizard Apr 4 '11 at 12:11

1 Answer 1

up vote 4 down vote accepted

Yes half of your bounty will be awarded to user who has highest vote up and at least two up-votes, if you don't award this.

EDIT : as @ChrisF Commented. On answers posted after the bounty was started

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On answers posted after the bounty was started. – ChrisF Apr 4 '11 at 11:35
What about answers that were edited after the bounty started? – Jon Apr 4 '11 at 11:39
@Jon : this answer can not have bounty until awarded by OP – Gaurav Apr 4 '11 at 11:48

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