Quote from: richmke on July 14, 2014, 07:08:45 PM

Quote from: GoldBit89 on July 11, 2014, 06:47:04 PM

1) The numbers that i was primary proposaling are the numbers (current exchange price) that are the "most profitable" at that time. It is just a basic addition to the stats that would enhance the already shown "most profitable" and should be as easy as the already shown "most profitable" coin as it would come from exactly same data.

Coins are mined continuously. Do you want the last block of the most profitable coin, or the average for the last [time period] of the most profitable coin?

What if the "most profitable" coin being mined is only 25% of the pool?

What about "price/btc"? Time it was mined? Average over the last [period of time]?

You also want the actual exchange rate. Sometimes that doesn't happen for a while (hours). Wait to post until the exchange actually happens?

You also want the number of coins exchanged, and the realized BTC. What happens if there are a bunch of blocks that are all exchanged at the same time?

PW's accounting has that all matched up in order to allocate distributions. If you want real-time data, you can't get the actual exchange rate, because it may not happen for a while (takes time for coin to become confirmed, to transfer coins to exchange, and to execute an exchange order).

PW already publishes a list of recently found blocks on the Stats page. I suppose he can add to that list the spot BTC/coin at the time it was mined. Maybe also add the pool hash rate. Then you can estimate your share of the payout.

I don't know how hard it would be to add an exchange log: coin name, time, # of coins, BTC received.

Then you can do all the math you want.

"Coins are mined continuously. Do you want the last block of the most profitable coin, or the average for the last [time period] of the most profitable coin?"
my response: i am suggesting the current price which made it the "most profitable" at that time we are mining it. (In other words, the reason it was "most profitable" was due to its price in respect to litecoins price.)

"What if the "most profitable" coin being mined is only 25% of the pool?"
my response: makes no difference what percentage it is of the pool.

"What about "price/btc"? Time it was mined? Average over the last [period of time]?"
my response: actually that is a good point in a way , the btc/price has no bearing on the first " most profitable" price number until after said "most profitable" coins are exchanged into btc.On waffles pool for instance the " most profitable" is determined to be based off ltc.But in theory the price of btc while mining " most profitable" coin can have a effect on "most profitable" as well. Just how much is the real mystery.

"You also want the actual exchange rate. Sometimes that doesn't happen for a while (hours). Wait to post until the exchange actually happens?"
my response: paid stats are not posted until after they are actually exchanged any ways, so no change here except the fact that while said "most profitable" coin is mining the pool records the price at which made it "most profitable" and simply displays it when complete. You may ask why this is important, well in my mind it would show transparency of "most profitable" coin from start to end and effectively insure that the pool stays profitable long term. The formula for profitability is very simple in that it is basically income minus expenses, there is no complex formula that needs to be adjusted or tweaked every so often. Now maybe the exchanging part might need adjusting or tweaking, but the overall profitability formula should stay the same.

"You also want the number of coins exchanged, and the realized BTC. What happens if there are a bunch of blocks that are all exchanged at the same time?"
my response: again nothing changes current system on this. Just looking to have displayed the price when "most profitable" and the price it was exchanged for, no matter of when it occurred (unless it occurred like a year later or something crazy like that).

"PW's accounting has that all matched up in order to allocate distributions. If you want real-time data, you can't get the actual exchange rate, because it may not happen for a while (takes time for coin to become confirmed, to transfer coins to exchange, and to execute an exchange order)."
my response: well i would hope that it is all real time data actually, as how would it be " most profitable" at that moment we are switching the pool to mine it if it was not real time data?

"PW already publishes a list of recently found blocks on the Stats page. I suppose he can add to that list the spot BTC/coin at the time it was mined. Maybe also add the pool hash rate. Then you can estimate your share of the payout. "
my response: Waffle pool already does a great job of estimating our shares of payout. This proposal is all about pools showing more transparency of "most profitable" coins. You can call it a sorta checks and balances system for all involved(really a win/win for miners as well as pool operator) as usually the pools mining software setup is only as good as it was programmed to perform.

"Then you can do all the math you want."
my response: im trying to get away from having to do all the math and let the computer process that for me there by freeing me up to do other tasks.