Quote from: opentoe on January 02, 2014, 05:33:54 AM

Quote from: eleuthria on January 02, 2014, 03:24:11 AM

Quote from: opentoe on January 02, 2014, 03:22:55 AM

Can someone show me the math on how to calculate the fee's I'm paying here? I know it is %3, but I want to know how much I've actually given to The Guild over the amount of time I have been here. Of course it isn't one of our charts.

Total Earnings / 0.97 = Amount you've made before fees. Difference is the fee.

I was looking for that difference I guess. When I see 1 bitcoin in my dashboard does that mean you already have .3 of it?

Ok, that's easy enough. And the pool operator gets %3 of every block we find which is 25 BTC at the moment. That is approx $18k USD. Operator brings in about $540 for every block and how many blocks does the pool solve in a day? Trust me, not good at math at all, am I correct in trying to figure out how much the pool owner makes? Let's say it takes 10 minutes to solve each block, (usually is 4 minutes) but giving a big buffer here. So 6 blocks solved each hour, 6*24 = 144 blocks solved each day. 144 * $540 = $77k. I must be doing something wrong. Can a math genius help on this? I'm just curious to know how much a pool operator makes if %3 is the cut. I'm only asking here cause I mine on this pool and there is a fee. I probably fumbled the math big time, so I do apologize if it is not correct. I do expect it to be wrong, cause $77k seems way too high.

Thank you

If you have earned 1 BTC, then I have made 0.03 BTC(ish, orphans screw that up a little since I pay you for those and end up losing a block worth of coins). So you're off by a factor of 10 there.

The entire network solves 144 blocks a day, not BTC Guild. BTC Guild is only about 25% of the network. Additionally, BTC Guild pays orphans which means while I keep 3% of each block, about 1% ends up going back to the users when the pool has an orphaned block. When the network is growing, it's a bit more than 144 blocks/day. BTC Guild has to grow at the same percentage as the network in order to maintain a 25% share.