Chia "Approved Pools" moves along at Snails Space "Huge Fees Coming" Blockchain? & Pool

[room101-dev]

No wonder CHIA-NET-DEV hates HPOOL, why should HPOOL join this rotten club?

HPOOL already has +51% of the 'space', they essentially now own CHIA, unless CHIA-NET bans China IP's how can they stop chia? They can't remember CHIA XCH would be zero, if not for 'chinese investors' who bought the XCH IOU months ago and sent it to $1600USD. If CHIA-NET plays psycho games with HPOOL, the all the CHINESE sell their XCH, and boom the entire project becomes worthless. Thus CHIA-NET must live with HPOOL. I dont' see any advantage of HPOOL playing along with stupid stuff like the new pools having to use the new porn-plot (portable-plot) cohen format, rather than classic-plot, nobody in china is going to delete their plots, and CCP will never allow chia to become a portable-PORN-platform for Cohen like he did with bit-torrent.

Then, the pool divides the total amount by the points of all pool members, to obtain the mojo_per_point (minus the pool fee and the blockchain fee).

https://github.com/Chia-Network/pool-reference

Pool Fee is house fee, ok right but what the hell is blockchain fee? Does that mean that a cut is sent back to the 'house' chia-dev, or maybe to whom the programmers?

No wonder that chia-dev hates HPOOL, they pass everything on to the customer.

The scam that never ends, chia.

fee
The fee that the pool charges by default, a number between 0 and 1. This does not include blockchain transaction fees.

{
"description": "(example) The Reference Pool allows you to pool with low fees, paying out daily using Chia.",
"fee": "0.01",
"logo_url": "https://www.chia.net/img/chia_logo.svg",
"minimum_difficulty": 10,
"name": "The Reference Pool",
"protocol_version": "1.0",
"relative_lock_height": 100,
"target_puzzle_hash": "0x344587cf06a39db471d2cc027504e8688a0a67cce961253500c956c73603fd58"
}

1/8 vs 7/8
Note that the coinbase rewards in Chia are divided into two coins: the farmer coin and the pool coin. The farmer coin (1/8) only goes to the puzzle hash signed by the farmer private key, while the pool coin (7/8) goes to the pool. The user transaction fees on the blockchain are included in the farmer coin as well. This split of 7/8 1/8 exists to prevent attacks where one pool tries to destroy another by farming partials, but never submitting winning blocks.