Quote from: bitcoiner49er on October 25, 2013, 01:40:50 PM

Quote from: bobsag3 on October 24, 2013, 11:34:21 PM

Quote from: bitcoiner49er on October 24, 2013, 09:07:19 PM

Quote from: Ultibit on October 24, 2013, 02:56:05 PM

Quote from: bitcoiner49er on October 24, 2013, 02:14:08 PM

Is the hosting fee paid per share, per month?

No it's not based on a per share basis. bobsag3 does the hosting at the most competitive flat rate out there, which is then deducted from earnings before monthly payouts

So what is the $150 host fee? Per machine? Per month? Per week? Per what?

Per month

So the $150 per month is taken off the TOTAL earnings? Sorry the website is not very clear on this and pardon me for being gun shy, but unless things are spelled out here in bitcoin-land there is too much propensity for dishonesty. Heck even when things are 100% clear there is still BS.

No problem. Let's hope we can clear this up once and for all this time 'round!

SO

-Payments are paid monthly

-Prior to paying customers their monthly payments a $150 (the Bitcoin equivalent) hosting fee will be deducted from the pool of mined earnings being distributed

-Obviously each miner will pay for itself to run since they use quite a lot of power and also to avoid confusion where miners get auctioned at a later stage so that the fee is final