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RE: A new whale was born - the Genesis Mining powered Voting Bot

@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?

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@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:

  • Max buys a 1 TH/s Bitcoin contract
    -> whale gains 0.03 TH/s when promo code is used
  • Linda buys a 0.1 TH/s Bitcoin contract
    -> 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.