The algorithm for calculating the payouts is actually quite simple:
The calculation begins when the subnet (or part of it) is leased by the leasee. The time (in seconds) is then started to be tracked for the leased subnet. At the end of the month, the leased time (in seconds) is then divided by the seconds in that particular month to get the lease time in percent which is then multiplied by the monthly earnings set by the owner when adding the subnet to the marketplace.
Say we have placed a subnet 220.127.116.11/23 in the market and set pricing as follows:
- 120$/month for /23
- 65$/month for /24
18.104.22.168/24 is then leased by the leasee at 15th of the month (which in this example will have 31 days), 8:28:00 UTC. By the end of the month, the subnet will be leased for 1,438,320 seconds. As there are 2,678,400 seconds in the month (which has 31 days), the leased time (in percent) is 53,7%, so the payout is 65$*0.537=34.9$
Payouts are calculated at the end of the month and then transferred to your selected payout option by the 14th calendar day of the next month.
Please note that if the owner did not set up his payout method, Heficed will not be able to send him the payouts. The owner will be contacted by the Heficed Support team to update their billing information, however, it is owners responsibility to set up the payout option in the first place.
In case Heficed is unable to send you the payout, the payout for that month will be added to the next month's payout (assuming the billing information was corrected and Heficed does not face any other issues).
Keep in mind that, depending on your selected payout method, additional fees may apply. Furthermore, a minimum payout amount exists for each methods:
- PayPal withdrawal fee: 0.00$, minimum payout: 100$
- Bank Transfer withdrawal fee: 25.00$, minimum payout: 300$
Furthermore, please note that it might take 5-7 business days for an international money transfer to reach you (in case of Bank Transfer).