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RE: A new whale was born - the Genesis Mining powered Voting Bot
@genesiswhale i am already using your services. I have started following you here on steemit. Look forward to get Upvotes from you. Just one question
- If i purchase the contract once, will you upvote for the period of time you would get referral from my purchase or the vote comes only once?
Hi maochitse,
good you ask this question, let me clarify:
When you buy a contract and use the whales promo code, the whale receives a small fraction of hashpower.
Let's assume you buy a x11 mining contract for 2 years for 100 Mh/s - in this case the whale would also receive 3 Mh/s from your purchase because you used the promo code. In this case you would receive upvotes for 2 years until the contract runs out.
It sounds a little bit complicated - guess i'll create another post tomorrow to explain the whole process in detail.
If you have any more question, i would love to answer them for you!
@genesiswhale i was going through the spreadsheet you have uploaded on google docs, what does the values mentioned over there exactly means? Do u mean if i refer sha256 contract then the value of your vote is $150 and your upvote to me would be worth $150?
@maochitse
Thanks for taking a look at the spreadsheet. It's used to make it very transparent, who contributed how much hashing power to the whale while using the promo Code.
Let's make an example to answer your question:
-> whale gains 0.03 TH/s when promo code is used
-> whale gains 0.003 TH/s when promo code is used
The whale got 0.033 TH/s mining power if you sum it up.
In this case Max would get 91% and Linda 9% voting power on bot votes.
That would be a fair distribution because Max contributed 91% of all hashrate.
Excactly this Information is put into the spreadsheet.
If anybody would get 100% voting power it would be easy exploitable.
I'll create a extra post with more detail Information, to make it more understandable.
Guys please google Genisis Mining first! Some people in the telegram chat say it is a ponzi scam.
This comment has received an 4.55% upvote from @genesiswhale thanks to @roomservice.
This comment has received an 4.55% upvote from @genesiswhale thanks to @roomservice.