Quote from: murraypaul on July 16, 2014, 01:45:40 PM

Quote from: GoldBit89 on July 16, 2014, 11:37:00 AM

and yes when my equipment and time are involved and it involves any kind of finances, then yes i do want to know what the profitability is and how it is achieved.If you rented out a building to someone, you would want to know what they are doing or else you could end up with some kind of child porn business that could ultimately effect you. I know totally different subject but same principle.

You know the profitability, as you know how much you are being paid.
You have no right to know how it is achieved, that is the IP of the pool owner.
If you invested $X in a mutual fund, would you expect them to describe exactly the methods they chose to determine how much of which stock they bought? No, you would get a broad description of how the fund worked, and no view of the details, as they are what give fund A a competitive advantage over fund B.

to an extent i do have a right to know how its achieved, as if it was a criminal act, i would not want to participate in it nor have my mining time and equipment usage go to waste if they got shut down or confiscated the pool funds.

once again im not asking the pool owners to describe the methods, but i do want the hard line profit numbers. as in terms of how much stock they bought, thats pretty clear as you can view how much stock they bought and at what price, as in the same if they sell your stock, they show you what price they sold it at as well.method i can care less as long as it can not effect me by criminal actions or by seizure due to criminal actions.

Just because im being paid, does not mean its the correct amount. If that was the case we could trust the lovely IRS to just pay us a refund based off the info they received from our jobs or just take some or all of our income in event we owed and do so without even letting us see the numbers and reason. Or letting our employer just give you a check every week based off something on their end and not reflecting the true hours and true rate of pay you agreed to when you got hired.