I also saw some of the old rates... Why don't you guys just have a formula and have it auto update...tell it to target X amount in USD per minute based on the Bitcoin Price at the time the call ended. Have that script run and update every minute or so...
This is not trading, so this won't work. See below.
When first started people were getting the equivalent of 0.00396744 in USD per minute but now the rate per minute is 0.00080619 I can see why you'd need to adjust it if the agreement has changed and so forth but it fluctuates daily... Anyway just a suggestion...
That's not true. You are confusing USA with Finland. USA has always been around 0.0008 USD, Finland has always been around 0.004 USD.
Ok, the question about higher or lower payout pops up more often recently, and many people seem to get confused. So here's how it works internally:
1. The payout per minute is a fixed settings in the system - per country. The payout value is stored
in USD in the database.
2. How much is actually paid out
in BTC/LTC depends on the exchange rate
at the very minute when I purchased a chunk of BTC or LTC. If I would buy BTC for 200 USD right now I would get 0.35 BTC. The system then knows: Aha, we have 0.35 BTC available and we paid 200 USD for it. The system automatically calculates the payout amount per minute in BTC depending on the purchase price and the fixed payout value (in USD), which both are statically stored in the system. The USD payout value
never changes (ok, except for Austria in the beginning of November).
3. Now, let's say it takes 3 days for these 0.35 BTC to get paid out to all callers. Let's assume on the 3rd day the BTC-USD exchange rate suddenly increased by 100%. Then you would see at CBC: "... That's equal to
USD" and you would be like: Woohoo, now CBC pays out more, yeah! Or: Boohoo, CBC pays out less, if the exchange rate decreased. But that's incorrect. You get paid the same amount of BTC/LTC than 2 days ago. The "... That's equal to ... USD" thing is displayed dynamically, updated every 5 minutes using the data from btc-e.com. It's only for informational purposes so that the callers get a better idea of how much the BTC/LTC payout is *currently* worth in *USD*.
4. Let's say the 0.35 BTC are used up and we just bought a new chunk of BTC for 200 USD, but this time 200 USD was only equal to 0.20 BTC because the exchange rate changed. Now you would see that the payout *in BTC* is lower than before, but it is still the same payout in USD because that's static for every country. And so on.
I hope you got it now.