Quote from: BSGMiner on March 03, 2018, 05:48:54 AM

Quote from: perfectplus174 on March 02, 2018, 03:26:24 AM

Quote from: WBF1 on March 02, 2018, 02:19:47 AM

Quote from: perfectplus174 on March 02, 2018, 01:49:40 AM

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 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 set rules and mentioned an answer but didn't mention a question, so im gonna assume the answer is 42.

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...

Ok... Last try. Put your thinking cap on Padrinogtr! Huh

Ground Rules:
For example purposes only, we'll assume that the pool always creates a new block at exactly the 100% expected amount of Network Difficulty in exactly a one (1) week time-period--Yes, I know it's not time-bound.
Also, I will be mixing some of the analogy's terms into the actual explanation just to keep with the flow of thought.

Analogy:
Here's the very best and easiest way I can explain it using something that we should all be familiar with: Employment

*** Does anyone remember when employers used to hold your first week's paycheck?!

Due to this payout method, you were always technically a paycheck behind, but you never lost any money in the deal since they were just delaying it slightly, and even after you left the job, you still could count on having another paycheck that you were owed from when they held your first week's pay.

Now, imagine that they didn't hold your entire first check; just 4/5 of it. Then, each payday that rolls around afterward, they withhold less (3/5) and less (2/5) of each new paycheck until after five (5) paydays, you are now receiving your entire paycheck. In the back of your mind, though, you know that even if you left, you'd still have all that back-pay coming to you.

Explanation:
The PPLNS (5Nd) payout method is very much like this since when the first block that you've helped attempt to solve gets created, the payout process will look back five (5) "weeks" and see that you only worked 1/5 of that time period. Now, when the pool creates the second block that you've contributed to, you've now contributed two (2) out of the past five (5) "weeks", and so on and so forth until you've worked on five (5) consecutive blocks, at which point, you will now be fully ramped up and getting entire "paychecks". On the other hand, if you ever decide to stop mining, the same process would take place in reverse due to the same look-back over the past 5Nd sliding window.

Visual Aide:
Many have attempted to visually represent the ramp-up/ramp-down process, but I'll try to change it up and apply it to the example above since we're all familiar with how weekly paychecks work.

Legend:
O = Times when you weren't mining
M = Times when you were mining
* = When a new block is created (payday)

Calendar: SMTWTFS 1 OOOOOOO----| 2 OOOOOOO | 3 OOOOOOO |-->1/5 4 OOOOOOO | 5 MMMMMMM*---| SMTWTFS 2 OOOOOOO----| 3 OOOOOOO | 4 OOOOOOO |-->2/5 5 MMMMMMM* | 6 MMMMMMM*---| SMTWTFS 3 OOOOOOO----| 4 OOOOOOO | 5 MMMMMMM* |-->3/5 6 MMMMMMM* | 7 MMMMMMM*---| SMTWTFS 4 OOOOOOO----| 5 MMMMMMM* | 6 MMMMMMM* |-->4/5 7 MMMMMMM* | 8 MMMMMMM*---| SMTWTFS 5 MMMMMMM*---| 6 MMMMMMM* | 7 MMMMMMM* |-->5/5 8 MMMMMMM* | 9 MMMMMMM*---| SMTWTFS 6 MMMMMMM*---| 7 MMMMMMM* | 8 MMMMMMM* |-->4/5 9 MMMMMMM* | 10 OOOOOOO*---| SMTWTFS 7 MMMMMMM*---| 8 MMMMMMM* | 9 MMMMMMM* |-->3/5 10 OOOOOOO* | 11 OOOOOOO*---| SMTWTFS 8 MMMMMMM*---| 9 MMMMMMM* | 10 OOOOOOO* |-->2/5 11 OOOOOOO* | 12 OOOOOOO*---| SMTWTFS 9 MMMMMMM*---| 10 OOOOOOO* | 11 OOOOOOO* |-->1/5 12 OOOOOOO* | 13 OOOOOOO*---|

That's it! I don't know how I could do it any better. I'm leaving it all on the [forum] here. It's up to you now Padrinogtr. Good luck! Grin

EDIT: Sorry, I did think to add examples of payout calculations for completeness' sake--Contains super-small rounding errors...

Rewards:
1/5 Payout:
Block: 505456
Block UTC: 22/Jan 03:00
Miner Reward: 15.06656796
N Diff: 11.159T * 1,000,000,000,000 = 11,159,000,000,000
N Range: 407hr 24m 33s
Pool N Avg: 32.68PHs
Your %: 0.00%
Your N Diff: 94.257M * 1,000,000 = 94,257,000
Your N Avg: 276.02GHs
Your BTC: 0.00012725

Equation:
Your N Diff / N Diff = Your % * Miner Reward = Your BTC
94,257,000 / 11,159,000,000,000 = 0.00000844~~67246169011560175642978761538~~ * 15.06656796 = 0.00012726~~315047994623174119544752804~~

5/5 Payout:
Block: 508425
Block UTC: 9/Feb 20:11
Miner Reward: 12.44363511
N Diff: 14.378T * 1,000,000,000,000 = 14,378,000,000,000
N Range: 366hr 33m 46s
Pool N Avg: 46.80PHs
Your %: 0.01%
Your N Diff: 1.120G * 1,000,000,000 = 1,120,000,000
Your N Avg: 3.64THs
Your BTC: 0.00096921

Equation:
Your N Diff / N Diff = Your % * Miner Reward = Your BTC
1,120,000,000 / 14,378,000,000,000 = 0.00007789~~678675754625121713729308666~~ * 12.44363511= 0.00096931~~919065238558909444985394352~~

Very well done BSGMiner!