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Old 2009-10-18, 19:56   #1
joblack
 
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Default Odditities in the 100 Million Digit Prime Award

For the 10 Million Digit Prime Award the prime number finder got half of the price with the new 100 Million Digit Prime Award he/she will only get one third of the money
  • $50,000 will be awarded to the discoverer Awardee of the 100,000,000 digit prime.
  • $50,000 will be awarded to a 501(c)(3) mathematics-related charity selected by GIMPS.
  • $50,000 will be retained by GIMPS to cover expenses and/or fund future or past awards.
It's not really logical that for an effort which costs the mprime user more than 45 times the time/money/.... gets less (in percent) than with the 10 M Digit Prime Awards.

I'm not primarily in for the money but at least half of it should go to the person who invested money/time/hardware on the client side ...

Last fiddled with by joblack on 2009-10-18 at 19:57
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Old 2009-10-18, 20:33   #2
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The actual finder of the exponent which will yield a 100M prime will not be the only one having put a lot of effort in the search. All other GIMPS participants will have contributed to the effort as well. According to your logic the money should be distributed among all participants, one could use the GHz days scores for that (and most of it would be spent in bank fees, a good thing since banks seem to have some cash problems of late ;-)

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Old 2009-10-18, 20:41   #3
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Quote:
Originally Posted by S485122 View Post
The actual finder of the exponent which will yield a 100M prime will not be the only one having put a lot of effort in the search. All other GIMPS participants will have contributed to the effort as well. According to your logic the money should be distributed among all participants, one could use the GHz days scores for that (and most of it would be spent in bank fees, a good thing since banks seem to have some cash problems of late ;-)

Jacob
I compared it to the 10M digit prime number distribution (where the participant got 50 percent).

No GIMPS is more of a lottery and as a lottery player you don't get your invested money back if you don't 'win' ... it's also only theoretical nature because after that 12 years double checking you will get only a pizza and two cokes (or alternatively 13,80 Euro) for the 50.000 USD ... *hehe* ...

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Old 2009-10-18, 22:54   #4
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Just to shed some light on the decrease...
I noticed that in GIMPS history, the discoverer has always won $50,000. For 1M digits, this meant 100%, for 10M digits 50%, and for 100M digits 33.33...%.
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Old 2009-10-19, 01:43   #5
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Quote:
Originally Posted by joblack View Post
I compared it to the 10M digit prime number distribution (where the participant got 50 percent).

No GIMPS is more of a lottery and as a lottery player you don't get your invested money back if you don't 'win' ... it's also only theoretical nature because after that 12 years double checking you will get only a pizza and two cokes (or alternatively 13,80 Euro) for the 50.000 USD ... *hehe* ...
Seems like you have repealed Moore's law for these projections.

Anyway, I like pizza and coke.

Last fiddled with by lfm on 2009-10-19 at 01:44
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Old 2009-10-19, 03:10   #6
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Quote:
Originally Posted by joblack View Post
It's not really logical that for an effort which costs the mprime user more than 45 times the time/money/.... gets less (in percent) than with the 10 M Digit Prime Awards.[/LEFT]
You are right - it is only fair that the winner of the 100M Digit prime should receive $2,250,000. We should demand that GIMPS put up the remaining $2,100,000 and award it all to the lucky winner.
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Old 2009-10-19, 15:13   #7
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You are right - it is only fair that the winner of the 100M Digit prime should receive $2,250,000. We should demand that GIMPS put up the remaining $2,100,000 and award it all to the lucky winner.
Enough sarcasm.

I'm proposing that every participant (GIMPS, prime finders, ...) gets a fair share and if the fraction from the price money goes down for the user it's not very motivating to assign 100M digit prime numbers ...

Last fiddled with by joblack on 2009-10-19 at 15:18
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Old 2009-10-19, 15:27   #8
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Quote:
Originally Posted by Mini-Geek View Post
Just to shed some light on the decrease...
I noticed that in GIMPS history, the discoverer has always won $50,000. For 1M digits, this meant 100%, for 10M digits 50%, and for 100M digits 33.33...%.
... and for the 1.000M it's only 20 % (or even less because of inflation) ...
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Old 2009-10-19, 16:07   #9
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Quote:
Originally Posted by joblack View Post
Enough sarcasm.

I'm proposing that every participant (GIMPS, prime finders, ...) gets a fair share and if the fraction from the price money goes down for the user it's not very motivating to assign 100M digit prime numbers ...
This demotivation, IMAO, is a Good Thing.

Prize money is almost always a PITA, partly because of the hassles of sharing it "fairly", whatever that means, and partly because it encourages participants to attempt to optimize their expected winnings rather than to optimize the aims of the project.


Paul
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Old 2009-10-20, 02:55   #10
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Originally Posted by xilman View Post
This demotivation, IMAO, is a Good Thing.

Prize money is almost always a PITA, partly because of the hassles of sharing it "fairly", whatever that means, and partly because it encourages participants to attempt to optimize their expected winnings rather than to optimize the aims of the project.


Paul
I have a different opinion - especially because GIMPS isn't paying the price money anyway and every additional pc searching for new primes is a good thing.
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Old 2009-10-20, 04:07   #11
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Quote:
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I have a different opinion - especially because GIMPS isn't paying the price money anyway and every additional pc searching for new primes is a good thing.
Well perhaps you forget that this is run by volunteers. They might not welcome too big an inrush of participants at their expense. You think the database server is slow now? If the non-profit can use some of those funds to upgrade the servers I think all, present and future, contributors will benefit.
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