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Author Topic: Is deepbit payouts fair? [Solved]  (Read 1085 times)
DavinciJ15
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July 22, 2011, 04:07:43 PM
 #1

[NOTE I figured it out it's a floating point error as I have the same problem in my pool]
So I decided to do some math to see if deepbit was paying us fairly and maybe my math is off.

Deepbit charges 3% right?

OK so I checked transaction...
http://blockexplorer.com/block/00000000000006a25eb47b2c28151bebab4c1ee1ac9a060df748075f0b14fe55

Payment for Block
50.02197243 BTC

Total shares are
3140439

My Shares where
156

Payout
0.00240922 BTC

Sounds good right well.

3% of 50.02197243 = 1.5006591729
Giving us a total of 48.5213132571 to share
Now divide that by the total shares of 3140439 =
1.5450487418192169948214246479553e-5
or
0.000015450487418192169948214246479553
Now multiply that by my work of 156 shares =
0.00241027 BTC

Now I know what your thinking that's like off by 0.00000095 Really dude!?
Keep in mind I don't care about that small of amount but if you do it to enough people it's not right.
Also my math may be off so I am not accusing him of anything because people can get paid per share of
0.00002661294865101 BTC
so on that block I could have been paid more on a per share basis.

So just help me figure this out.

Cheers

Davinci
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talldude
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July 22, 2011, 04:20:00 PM
 #2

The pool operators tend to keep the transaction fees - miners divide the 50BTC after fees. Use 50 as your starting point and your payout is exactly what it should be.
BusmasterDMA
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July 22, 2011, 04:20:12 PM
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Deepbit pays transactions fees for distributing earnings.  Could that be the source of discrepancy, or is that price already factored into the 3% fee?

Edit: Probably factored into the 3%.  Talldude's answer accounts for the discrepancy.

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July 22, 2011, 04:21:06 PM
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Some people are also paying 10% fee for PPS.
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July 22, 2011, 04:27:15 PM
 #5

Talldude's post -> 50 BTC
-> 0.00001592134093354 BTC / share
-> 0.00248372918563296 BTC for OP
-> 0.00240921731006398 BTC when 3% charges paid

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pennytrader
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July 22, 2011, 04:39:57 PM
 #6

My experience with deepbit is probably slush paid a little bit more, if with the same luck (and yeah, I already took into account the difference in commissions). Could be related to the algorithm as I trust both pools are honest.

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