Post
Topic
Board Group buys
Re: [CLOSED] R24: 8.13gh/s Immediate hash
by
thomas_s
on 02/02/2014, 17:17:52 UTC

Hosting fee: $375 per round or sub round per payout
63 shares will be per round or subround
Each share is estimated at 8.13ghs
Management fee of 2.5%


Hi Thomas,
Can you correct my calculations so that they match the 0.049 BTC received to my wallet today?

Your summary spreadsheet here http://www.crypto-ops.com/?page_id=1508 says:
NET REVENUE PER SHARE   =   0.01602024   $13.20

which is 0.176 BTC (~$145) for 11 shares that I currently have. As far as I understand both 2.5% mgmt fee and $375/63 hosting fees are deducted from the gross amount like this:
$145 - 2.5%(~$3.5) - 11*375/63(~$65.5) = ~$76 (~0.0922 BTC)


Please check the spreadsheet for accurate payout data, for R24 pro-rate data is on sheet 2.

https://docs.google.com/spreadsheet/ccc?key=0ArdD1NXRwJNSdHR5bWlSUWR0cFV5Ulk1QlctZ0RpY2c&usp=sharing

If you still have questions feel free to ask.

Well, yes, it poses another question:)
The whole calculation laid out in the spreadsheet is built from the manual input of
Total Mined   0.5 (btc),
whereas your summary gives a twice as much value of ~1btc (http://www.crypto-ops.com/?page_id=1508) for 9 days, which is also supported by any online profit calc at this current difficulty.

So please clarify where's the miscalculation here. Thanks.
As with the other rounds only BTC paid to the payout address is used in the calculation, at the time of payout there was only 0.5 BTC to distribute