Can someone show me the math on how to calculate the fee's I'm paying here? I know it is %3, but I want to know how much I've actually given to The Guild over the amount of time I have been here. Of course it isn't one of our charts.
Total Earnings / 0.97 = Amount you've made before fees. Difference is the fee.
I was looking for that difference I guess. When I see 1 bitcoin in my dashboard does that mean you already have .3 of it?
Ok, that's easy enough. And the pool operator gets %3 of every block we find which is 25 BTC at the moment. That is approx $18k USD. Operator brings in about $540 for every block and how many blocks does the pool solve in a day? Trust me, not good at math at all, am I correct in trying to figure out how much the pool owner makes? Let's say it takes 10 minutes to solve each block, (usually is 4 minutes) but giving a big buffer here. So 6 blocks solved each hour, 6*24 = 144 blocks solved each day. 144 * $540 = $77k. I must be doing something wrong. Can a math genius help on this? I'm just curious to know how much a pool operator makes if %3 is the cut. I'm only asking here cause I mine on this pool and there is a fee. I probably fumbled the math big time, so I do apologize if it is not correct. I do expect it to be wrong, cause $77k seems way too high.
Thank you
6 blocks each hour is for the whole network.
For the pool only just calculate 3% out of the total pool speed = 3% * 2700TH/s = 80TH/s
So 80TH/s is around 28 btc per day at current difficulty. But because there are people using PPS, it is more than 30btc a day.
Now imagine what it was 2 difficulty retargets ago. Probably around 50btc a day
