I am interested in the actual fee paid (or lost opportunity even)
for pools.BTC.com, available here
https://pool.btc.com charges 4.06% for each TH/hour averaged by the pool, so not what the Asic is showing you), or, as seen explained below how I got to this number,
₿0.00000003/TH/Hour.
I have been now mining at BTC.com (not the best as I have heard) and always feel I am somehow losing out due to not having an accurate fee displayed. For a pool, it is easy to hide behind anything like 'you pay more for the service', or 'you pay this, but we give you X or Y as benefit'.
After a year now with this pool, I have ended up with a possible way to calculate the exact fee that one pays on his pool based on the average 24h TH, daily payout (or earnings that remain in the pool until the threshold is met), and Whattomine Asic
https://whattomine.com/asic.
For WhatToMine I usually select only the algorithm I need and input the daily average from the pool in the Gh/s box and put 0 in the Watts box to calculate the daily outcome - which is the Rev. BTC in the table used by myself forward.
These are the numbers used:
24h TH/s average: 58.65TH/s
The payout from BTC for the average: ₿0.00110332
The payout according to Whattomine for the same average: ₿0.00115000
Furthermore, I did the 1TH/s payout as ₿0.00110332(or daily outcome)/24 for both BTC pool and Whattomine and then divided the result by 24 to get an hourly pay per TH.
This got me to:
BTC pool pays ₿0.00000078 / TH / Hour (*at current difficulty)
while Whattomine approximates this as ₿0.00000082 / TH / Hour
The difference of 3 Satoshi (or ₿0.00000003)
With this difference is did the following to get the
exact fee being charged 100%*0.00000003/0.00000082 resulting in
4.06% fee.
I am curious what other pools EXACT fee is, not what it is advertised, but what is paid out as this would allow all of us (not only me) to maximise on our hourly rate (and overall profit).
*If my math is flawed, please let me know, and I will adjust it.
Show Posts
