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?
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.@maochitse
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.