Post
Topic
Board Pools (Altcoins)
Re: [ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com
by
Terk
on 13/03/2014, 15:01:57 UTC
Guys,

Could somebody explain to me why payout everytime is much less than profit?

Daily profit:
2014-03-12 - 0.17282
2014-03-11 - 0.15270
2014-03-10 - 0.16383
2014-03-09 - 0.16061
2014-03-08 - 0.17051

Daily payouts:
2014-03-13 1:30am - 0.16324414
2014-03-12 1:30am - 0.12947653
2014-03-11 1:30am - 0.17735569
2014-03-10 1:30am - 0.12331333
2014-03-09 1:30am - 0.15485666

So you have profit of 0.17051 + 0.16061 + 0.16383 + 0.15270 + 0.17282 = 0.82047
And payouts for 0.15485666 + 0.12331333 + 0.17735569 + 0.12947653 + 0.16324414 = 0.74824635

So you were already paid 0.74824635 / 0.82047 = 91.2% of your profits.

The pool in total earned on Mar 8th-12th 526.1916147 BTC of which 495.04454134 BTC are already exchanged. and 31.14707336 BTC worth of coins is still in the middle of exchanging to BTC. That's 94.1% exchanged, but as the last payout was done 13 hours ago, it's safe to assume that it was around these 91% exchanged when the last payout was made.

So there's nothing wrong with your numbers.

We are mining various coins and we need to exchange them to BTC. This process takes time and it's different for different coins (there are some coins that need 24 hours to mature after being mined and you can send then to exchange only once they are matured).

Coins mined in day X are usually paid out: 70% in X+1, 20% in X+2, 6% in X+3, 4% in X+4. These are not exact numbers, but of course an approximate example for you to realise how things fork.