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E. I know how it works, but it sucks because King uses it as a grab to cut players off from getting gold bars. The prize can be distributed among 11-16 players who win the challenge, meaning there's often 1-5 (or more) gold bars that end up going to King, not the players.
i.e. In one instance 16 players won 6 gold bars in mine. 16 x 6 = 96
King ends up looting the 4 gold bars that should've gone to a player.
I got it when it first got released, during my first run, I had 5 easy levels in the way so then I got 25 gb because the goal was easy and I got it done quickly. It then gave up on me and it disappeared and never came back again. The key is to finish as soon as possible to get the most gold.