Payouts Have Been Processed for MNX (4/27/2015):
We received 2 rewards this period, so things seem to have stablized a bit in terms of our expected scheduling. We have also changed the “donation” to 100% since it was not splitting reward amounts like we expected and we’d rather not have to scrape from the MN wallet in order to do payouts. Even though we won’t get the automatic maintenance math, we do still get the security of the MN wallet being offline.
This Week’s Revenue:
5,134 Satoshi per 1 MNX
Payout Procedure. The procedure right now is mostly shown above. Rewards are calculated, maintenance is deducted, the best price from the 3 major exchanges is picked, and BTC is sent out as a dividend to all MNX holders via coinprism.
For now, I am personally acting as the exchange at the best rate from the major 3 listed above. This means there are no exchange or transfer fees charged on the rewards. If anyone has an objection to this, I can certainly perform an actual sale, but if there is no objection, I’m willing to buy the DASH at the best rate so we can avoid un-necessary fees on the payout. I’ll do that as long as I’m able, but it’s not a guarantee, so we may incur the exchange fees in the future.