I am totally confused by this and the website
Am I correct in assuming if I use your pool I will earn your coin as a payment for shares/hash ?
You are correct, you get Xaurum for hash on Goldmine, (there are some delays in payouts that are supposed to be over soon).
We're also in the process of developing new websites, to make things less confusing.
I have been hashing on this , and my worker shows nothing on your website. How do payouts work. What is your coin per share.
I wont switch my block erruptors on until I know if it will be viable with huge power they draw.
Also what is this thats a serious amount of hash power
Address Valid Shares Invalid Shares Efficiency Hash Rate
GoldMinePrivate4 585093248.00 1769472.00 99.70% 664.05 TH
GoldMinePrivate5 320017152.00 1334272.00 99.58% 48.68 TH
GoldMinePrivate3 140181504.00 786432.00 99.44% 184.84 TH
All sha miners are forwarded to bigger pools. "Bitcoin" miners mine on
https://slushpool.com/stats/. Private pools mine on
https://www.antpool.com/home.htm. Hash of private pools is in most cases rented on Nicehash.
If you want/need private pool PM the guys.
Other miners mine coins directly. Whatever they mine is sold for USD and converted to gold for XAU backing.
Miners are rewarded with extra reward on this pool. The more they mine, the bigger the reward. Reward is substantial.
Here is the link to formula
https://docs.google.com/spreadsheets/d/1Spg-mGTbt5u8-PI4IfxuZ4gtChNSKvDuN82PBFAyXq8/edit#gid=756573837.
Put real numbers in the formula example and you will get the actual mining price of xau. At current buy market price of cca. 135 USD/XAU, the mining price is cca. 119 USD/XAU - you reward is cca. 16 USD/XAU or cca. 13,4% more than you get anywhere else. The reward grows with hash rate and market price.
The payouts for private pools are regular. For other coins they had to first switch from Cryptsy to Polo and after update the APIs for BTC. Hopefully they will be up and ready soon.
In past all payouts were made as promised. In case of longer fuckups they rewarded the miners extra.
Hope this helps.
(I'm previous miner on this pool. Stopped because I switched to minting XAU.)