Until further notice.

I did see that, but he said he didn't know if he could explain it yet 

I feel bad you haven't convinced padrinogtr yet lol. You could have been reaping those benefits.

BTCBTCBTCBTCBTCBTC

Hell yeah! Awesome job!

Been building up that coin in the wallet with all these blocks and buying while low. Looking good!

  BTC  Bring it on home !! BTC

https://www.youtube.com/watch?v=Bup_W6W8axI

Ultimately the contest was inspired for the reasons you stated. Padrinogtr just admitted to having a really hard time with the concept, but was trying. So yes, it would be great to have a fool-proof understanding for many users.

It's funny the better answers reflect kano's shift graph. Maybe a key on the shift graph page of what exactly everything is would be beneficial along with a definitions page?

I'm excited for the Aha! moment.

Also, nice visual.

 This all falls on padrinogtr 

In the meantime, the block dance below is sure to tickle the panties of lady luck.

https://youtu.be/1dOXyah__PM

Whatever it takes. At this rate, I may just open it to anyone, but if they are over 20 TH/s I'll just reduce the reward to 25 TH/s. It may or may not be enough incentive to get the creative minds cooking.
I don't see why not, hash is hash and it would definitely open it up to more creative suggestions.

One suggestion; it's easy to get caught up in the full explanation of mining with the scenarios, but really we're only after the explanation of how the 5Nd works as that seems to be the hangup.
Maybe just stick to the difficulty and shares. I was wondering if it would be easier to compare an actual screenshot of shifts with some graphics or very simple explanation with the pictures at least.

Remember the goal is to explain it and have padrinogtr 's lightbulb go off to where he could explain it to other members with his own example. If this is just impossible to do (which I don't believe it is) then I'll get creative another way with the hash.

And they were very nice. The caveat is that padrinogtr needs to be able to understand it well enough to explain it. I think this will be a useful exercise for everyone else to understand and make for a fool proof method of explanation for future newbies.

I was looking for a way to pass the hash (not to be confused with hashish). Padrinogtr was having a hard time understanding it and it is quite the hot topic, so it was a good opportunity. That would have been 2 blocks under the contest if there were a winner. If it goes too long and I lose interest it would be a shame, but I would find another way to help the smaller guys out for fun.

You're missing the point of the contest though.  Read the rules.

Oops! I copied and edited the original which was following a quote. I can't fix it at this point in time, I'll have to come back to that.

The competition is basically to explain the 5Nd in the simplest form. There have been many explanations, but it is still somewhat of a mystery to many. It was in response to a certain member (padrinogtr) not being able to get it no matter what. He has to understand the answer in a way that he can explain it to others. I'm assuming he's a he...

Welp, my plan took a dive. I'm gonna tweak my rules a bit and give it one last shot before I call it off because it's going to get lost in the pages anyway. I think the changes will open it up to a lot more miners who may have a good answer (including NEW miners).

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BTC   5 day - 50 TH/s giveaway !!!! BTC


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 20 TH/s
2- The rewarded hash has to be pointed at Kano's pool.  (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 his own example in response to the submitted answer and have the answer's accuracy verified by Kano.
5- New miners to the pool are welcome, though you will have had to have been here for at least the last block (this will help ramp your 5Nd up much sooner!!)

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!!!!!! There was talk of others donating some hash too. If their offer is still good, that hash will be separate and in addition to the 50 TH/s I am donating.

*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.


Thanks everyone and MINE ON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

You'll feel it deep in your bones.

Let's try another comparison. Considering it's referenced as "mining" for similarities in proof of work, we will stick to that analogy. It's also more of an overall analogy of mining than just the 5Nd but I had fun so......

****NOTE: There may be some references to diff that I mixed up, so someone sort through this insane scenario if necessary.

You show up to Kano's job site looking to mine for some gold with the others in this pool. You READ THE RULES and notice nobody gets paid until a golden block is found. Maybe you're brand new, maybe you have equipment from another job site, either way some of these guys have some massive machinery and are hashing away rock and what not looking for a hidden block of gold.

work/shifts: You set your equipment up however powerful (since we're painting mental pictures, say you've got 10 TH/s) start hashing away looking for gold with the work you've been given. All that rock goes onto a conveyor belt so it can be measured and verified how much material (shares) you actually did versus how much sand/dirt was rejected. As you are mining and loading the conveyor belt, the material (shares) is being counted and split up into shifts of 50 minutes or less to keep track of the average work you've done. Your mining equipment's work rate (hash rate) is measured by how how much material (shares) you can load onto the conveyor in retrospect to the difficulty in moving the material and the conveyor speed .

luck:Meanwhile, the pool is exchanging dump truck loads of new rock material to mine on about every 30 seconds that it needs to move to the conveyor in order to try and find a hidden golden block. The miners expect to find a golden block within a certain amount of time & material moved as a work goal. If the pool finds a golden block in the expected amount of work/time then they were 100% on track for payday. The hope is that they can process enough material that they will likely find a golden block. There is no guarantee that the material will be enough to find a golden block and payday may be delayed. The more paydays occur closer to their target, the closer to 100% the average paydays work out to be. The more material than can be processed, the higher the odds of an on-time or even early payday. _{On occasion, Bob's wife sends him with chicken for lunch which increases the morale of the miners and significantly increases the luck of the pool. Furthermore, when a golden block is found, ritualistic dancing and praising of chicken often lures a golden block out from hiding much earlier than expected. This is great luck and sometimes triggers an overwhelming response to make amends amongst feuding crew members suffering from block withdrawals due to an earlier streak of bad luck.}


5Nd/ramp: After a couple days of complaining you're not getting paid because nobody has found a golden block yet, one of the miners finds a block of gold and everyone cheers. Finally, this is payout is gonna be NICE! You check your rewards to see your payment and say "WHAT THE HELL?! This Kano guy is ripping me off" to which the rest of the pool's miners say "Whoa there, bud. Our dear Kano is NOT ripping you off." The miner cries out that he has been mining away at a rate of 10 TH/s for 2 days now and got a low payout for all of his work. "Yes, that's the PPLNS system in full effect, brotha." You scratch your head and say "But why is my paycheck so much smaller than my last job where I was getting paid several times a day?" By this time you grabbed the attention of a few veteran miners who try to explain to you that everything works out or they wouldn't be here and to just keep working. They assure you this is the best pool with several members inviting your questions and the pool operator himself, Kano, stays active with letting everyone know what's going and sharing his knowledge. They try to explain, but you still can't get passed that small payment you feel was wasted away for nothing.

So, what about all that material you mined? Though you submitted your material to the conveyor and it was accounted for, it does not get included in the very next paycheck. Instead, the conveyor is moving the material to the pools storage facility and the reward is being calculated down the conveyor line. It starts from the last block found and keeps tallying those shift averages (total shares during a shift) until the total difficulty it took to process the material (shares) adds up to 5 times worth the difficulty of all total golden block mining operations with the idea of a 100% targeted golden block paycheck and is then divided by 5 ( or simply 1/5) of that as a means to average the swings. This way if your conveyor belt has patches of no material or a reduced amount of material, you won't miss out on your paycheck as it will be averaged with your other shares by multiplying 5 times worth then dividing by 5 for an average. It also prevents a new miner from pulling up next to you and your conveyor and only processing a few shifts worth at the same rate but getting the same paycheck as you without sharing his damn chicken even.

It is on the table. You have to get him to understand in a way that he could explain it to another newbie and give an example. If you can and he can, the hash is YOURS! 50 TH/s for 5 days. Also, padrinogtr offered another 3 TH/s to add to make a total of 53 TH/s. Pretty cool I thought.

I'm surprised these smaller guys aren't going for that 50 TH/s reward.

The block must have distracted everyone. I'm not sure how man smaller miners pay attention to the forum and read it though........so in that case, let's increase the qualifications to 1TH/s - 15 TH/s and see if that attracts a few more.

Someone has to have an easy analogy they can share that helps them understand.

B-B-B-B-B-BLOCK MAN, BLOCK MAN, BLOCK MAAAAAN!!

BTCBTCBTCBTC Okay, this competition is officially underway. It may seem a little goofy, but I wanted to keep the morale up as the forum is much more inviting when it is so. I also feel it is good to have different ways to understand that we can always point back to for those who struggle.

Padrinogtr doesn't have the concept down enough to be able to explain it, so it's open for someone who can create a visual that connects the dots. Everyone has their own way of understanding it and Kano has broken it down with a visual, but it's still not quite registering and that's okay, we all have different learning methods. I'm hoping someone can get creative enough though. So, competition is on for 50 TH/s !!!!!!!!

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!!

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?

You said next week, but for how long are you talking? For a week at a time or what?

Also, any stipulations for how long they have been mining to qualify? I'm thinking it would be cool to do for some of these guys who have stuck it out versus someone who only has maybe $150 worth of equipment. Like maybe a minimum of 3TH or so who may be a little more invested.

These are just some thoughts because I was thinking of carrying it on as well, I just don't want to go about it the wrong way. 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.

What do you guys think??