Hi, I am sorry if this has been already asked but a naive search couldn't find anything.
Can someone tell me how the fees are distributed and what is the "Eligius Payout Change Aggregation" address?
I am trying to understand how the fees work and how it is possible that the payout qeue has grown from 1 block to 8 in less than 3 days.
Can someone tell me how the fees are distributed and what is the "Eligius Payout Change Aggregation" address?
I am trying to understand how the fees work and how it is possible that the payout qeue has grown from 1 block to 8 in less than 3 days.
As different addresses reach the payout threshold, they enter the payout queue. A small amount of mining that is spread among many addresses can bring all of them across the threshold, and thus make the payout queue large, both in the number of addresses, and the amount of payout.
Even taking that into account that it should stabilize soon after the manual payout process. At every block 25BTC + fees? are awarded for every block and 25BTC+fees are paid, some people with previous pending balances can reach the threshold but after the manual payout a lot of users pending balance will be 0 (indeed the majority, right now with 8 blocks there are over a thousand address in the qeue and just 5500 hashing accounts, this weekend with 60 blocks in the qeue, almost everyone should have been in the qeue).
The question is, what does "stable" look like. Large numbers of addresses enter the queue from relatively small recent earnings. Many of these have had a long time elapse since their last payout, and they get put at the top of the queue.
One of my accounts has almost 2 BTC in the unpaid shares (I forget their name for these). A few lucky blocks will pay those unpaid shares to me. There are several things going on. It would be interesting to write a program to model "steady state" using realistic account data. That data is pretty available from Eligius.
Shelved shares are just the same as normal shares for CPPSRB, it will reward recently unrewarded shares (from this block of olders depending on the luck of this block), and as I understand it will always awards 25BTC (still unsure about fees), so every block 25BTC will be awarded and 25TC will be paid, shelved shares does not change that.
So in a perfect world when everyone starts at 0 earnings and there is not minimum for payout, the payout queue will always be 0, if it starts with good luck then some BTCs will go to the tip jar, otherwise shelved shares will appear, but the queue will be always 0, due to "Eligius Payout Change Aggregation" maybe over the time it will increase but really slowly (the change address always receive a little more than 0,001BTC).
With minimum payout then the first blocks will not pay the full 25BTC as while 25BTC was awarded only the fastest miners will reach their minimum to be paid that same block, indeed this is what happened during the first blocks after the manual payout.
Several blocks started to put a big share of the block in the change address from block #300169:
http://eligius.st/~wizkid057/newstats/blockinfo.php/000000000000000003fb8ec85a29533067c9b4d56dec9ed595b8f29fcaac9ca0
http://eligius.st/~wizkid057/newstats/blockinfo.php/000000000000000021d157974a2f46d4b546c536551556d1b5bb88461d8cf642
...
until block #300198 (http://eligius.st/~wizkid057/newstats/blockinfo.php/00000000000000002a2f650a9cbc4ba83ea92a97914c4b89ce300e7630ef7beb) where we entered in failsafe for just one block and queue started to grow (at this point there were 70BTCs not paid since the manual payout).
After that point there are some blocks with some noticeable change 6.6BTC in total.
And I have found the problem there were another 3 blocks in failsafe on 12/05, those add another 75BTC to the queue for a total of more than 150BTC, the queue is not at 187BTC so maybe there was another block in failsafe in later days or just unpaid balances reaching the minimum.
Looking at the blocks there are 3 problematic blocks that doesn't seem regular nor failsafe but those were before the manual payout:
http://eligius.st/~wizkid057/newstats/blockinfo.php/000000000000000020361d05189b54ff412115486568c83c648b04e796fe58de
http://eligius.st/~wizkid057/newstats/blockinfo.php/00000000000000004c8d86203de06bb320ea83aca3f82fd703caeedcf276433e
Still usure on how the fees are used and how does the change address, offiline address work, I thought that offline was just for donations, but it seems that it is used to store BTCs when there are no address to pay in the queue.
