...
I'm open to some feedback on a fun little perk on doubling someone's hash, but unless it's for a 5nd period, it will never get the full benefits.
...
If you mine for 10 hours at 4 TH/s you expect to get rewarded 10 hours at 4 TH/s
The 5Nd is only how the reward comes to you to reduce variance ...
which is from when you start until 5Nd after you stop i.e. start + 10hrs + 5Nd
I must have confused myself somewhere down the line just when I thought I understood it correctly. Can we expand on that example a little more? My brain catches on quicker with a detailed example.....
So, let's say someone has been mining for at least enough to have ramped up their 4 TH/s and was awarded another 4 TH/s as part of a giveaway and a block was found around 200 % difficulty from when the reward was added. To be clear, it only counts back shares equal to that 2Nd period since the last block, correct? Then the promotion expires and the extra hash starts to ramp down and another block isn't found until say another 300%. Those 2 blocks that total the 500% end up paying for the entire 4 TH/s that was added spread out over subsequent blocks up to 5Nd, no?
This is how I understand it and I'm confused why I worded it the way I did above. It was Friday and I had the weekend on my mind I guess.
I do have the correct understanding of how the 5Nd pays the shares though, right?
I don’t even wanna understand it. It’s just too much for my little brain. Mine on!!!
Yes you do!!
Really, we all should understood it quite well. So, here's the deal......
I'm going to up the stakes and hold you accountable with a new promotion lol!!! ***** 50 TH/s *****
I want to see how well the small miners understand this and can explain it on a level where YOU(and others, including myself) fully understand it. I want that light bulb to go off and have ZERO doubt about how we are getting paid for our shares and I will donate 50 TH/s for a period of 5 days to a lucky winner.
My rules:
1- You have to have been mining on Kano's Pool with a hash rate between 1 and 10 TH/s
2- You have to have been mining with this hash for at least the last 5 blocks (to be confirmed by Kano)
3- You have to submit your answer in response to this quote and give 2 working examples including the payouts calculated.
4- padrinogtr will have to be able to explain his new understanding with an example in response to the submitted answer and confirmed by KANO.
The 5 day 50 TH/s award will start as soon as I am able to see confirmation and have access to my controllers. I will of course need a worker name.
I understand this is dependent on some cooperation from others, but hey it's 50 TH/s on the line and I'm currently only running about 70 TH/s, so it's a big deal to me.
5 days - 50 TH/s .... don't let us down padrinogtr!!!!!!
*Of course, this is for fun and in the event of a hash rate failure, I will not be obligated to make it up as noted in prior promotions. I hope I'm not leaving out any details. I will stay active with the announcements as well as open to hearing some feedback or details that should be edited.
I really don't want to piss off the head honcho either, so if this is crossing any lines or boundaries, please let me know!
Thanks everyone and MINE ON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
EDIT: I may have noticed my first mistake and I'm going to attempt to adjust this. Unless padrinogtr really needed this breakdown, I may tweak the rules to the best description from a miner who meets the first 3 rules, but who's answer reaches 10 votes for the best answer. What do you think?
***NOTE*** This competition is not yet valid until I get the "OK" from Kano and will get the details sorted out. SO SAVE YOUR ANSWERS UNTIL FURTHER NOTICE PLEASE!!