In our original distribution plan for DOLP, we thought we would have many miners on Multipool to mine but finally we found that it was hard to make ends meet if we keep distributing 1 BTC dividend per day for 100 days. There are 8 people in our DOLP dev team and a few dozen people in the IOS game team. So we have to change the distribution plan before we can survive and make profit.
Now the amount of the daily BTC dividend depends on the real profits of Multipool. We will distribute 80% of the profits as BTC dividend and save 20% as operating cost. The daily DOLP distribution will be twice of the real profit. For example, if we earn 0.05 BTC on Multipool today, we will distribute 0.04 BTC as dividend and 10,000,000 (0.05*2/0.00000001) DOLP to miners. Considering the DOLP price is 2 satoshi now and we still calculate the amount of DOLP at the price of 1 satoshi, the real DOLP distribution amount is the quadruple of the daily revenue.
The distribution policy will not change until the total amount of distributed DOLP on Multipool reaches 3B. After that the 98% of daily profit of Multipool will be used to buy DOLP from the market and distributed to miners. 1% of daily profit will be distributed as BTC dividend. 1% of daily profit will be saved for operating cost. If we have other projects making profits, we will surely add part of the profits to the BTC dividend then.
I've been doing some tests with the multipool and running some numbers, and there seems to be a problem with the calculations for DOLP distribution as well as the BTC dividends:
- On July 16th, I received 10,716,007.219 DOLP from the X11 node of the multipool. This would have been for mining done on July 15th. By your own math above, 10,000,000 DOLP should have generated a BTC dividend of 0.04 BTC all by itself, and yet the dividend payments for the 14th, the 15th, and the 16th are all only 0.025 BTC. What happened to the rest of the dividend from my hashpower, as well as the dividend from whoever else was mining that day?
- On July 24th, I put 2 Terahashes on the SHA256 node of the multipool for 24 hours. According to the calculator at Coinwarz, 2 TH should have generated approximately 0.06092450 BTC, and by the math above, I should have been able to expect about 24,369,800 DOLP from the pool and about 0.0487396 BTC (0.06092450 x 0.8 ) to be added to the BTC distribution in addition to whatever was being earned by other miners. Instead, I received a total of 627046.015 DOLP... about 2.6% of what I should have. It is hard to tell whether the correct amount got added to the BTC dividends... the 24th was 0.035 and the 25th was 0.04, so between the two days, it is possible that the approximately 0.049 BTC was distributed properly. I was going to do another test that should add about 0.2 BTC to the dividend, but I think I'll wait until the dev team checks their math.
- On July 26th, I put 420 GH on SHA256, 14.5 MH on Scrypt, and 40 MH on X11 (each for 24 hours). On SHA256, the calculator said 420 GH should bring in approximately 0.01267719 BTC, which should have been worth 5,070,876 DOLP by your math, but I got only 184378.7029 DOLP, or about 3.6% of what I should have. On Scrypt, using LTC as a baseline (and the pool really should be mining a coin that is worth more than LTC, right?), the calculator said that 14.5 MH should bring in approximately 0.00820855 BTC worth of coins, which should have been worth 3,283,420 DOLP (again, according to your own math above), but I received only 69143.8196 DOLP, or about 2.1% of what I should have. On X11, I used Darkcoin as a baseline (and again, the pool is surely mining a coin that is worth more than DRK, right?). According to the calculator, 40 MH should have brought in approximately 0.01243172 BTC worth of coins, which should have been worth 4,972,688 DOLP, but I only received 1,219,944.7535 DOLP, or about 24.5% of what I should have.
For those that are curious, here is the cost breakdown (I used rented miners for the tests):
July 16/17: 300 MH X11 rig at a cost of 0.13975237 BTC got me 11,598,182.8149 DOLP. Cost = 1.2 Satoshi per DOLP (0.000000012 BTC)
July 24: 2 TH SHA256 rig at a cost of 0.06092450 BTC got me 627,046.015 DOLP. Cost = 9.7 Satoshi per DOLP (0.000000097 BTC)
July 26: 420 GH SHA256 rig at a cost of 0.012051 BTC got me 184378.7029 DOLP. Cost = 6.5 Satoshi per DOLP (0.000000065 BTC)
14.5 MH Scrypt rig at a cost of 0.0131095 BTC got me 69143.8196 DOLP. Cost = 19 Satoshi per DOLP (0.00000019 BTC)
40 MH X11 rig at a cost of 0.02093372 BTC got me 1,219,944.7535 DOLP. Cost = 1.7 Satoshi per DOLP (0.000000017 BTC)
Dev team please check your calculations and get this sorted out as soon as possible. It'd be nice if you figured out a way to compensate scrypt and SHA miners as well for the DOLP that they should have been receiving but haven't been.
In any case, for now, mining seems to be an utter and complete waste of time and resources. SHA miners can get almost 10 times the DOLP by mining BTC directly and buying it at 1 satoshi (5x at 2 satoshi), Scrypt miners could mine LTC, sell for BTC, and still get more than 10x more DOLP than mining on the pool, and even X11 costs more to mine than to simply buy. With numbers like these, there is really no incentive at all to mine on the multipool other than to add to the dividends, but it doesn't seem like that is being done properly either. What a colossal clusterf*ck!
