[RC5] Paying for blocks

Rob Butler rkbutler at earthlink.net
Wed Feb 16 07:54:06 EST 2000


If you look at the numbers involved, the idea of splitting the booty just
won't work.  If you paid everyone that had participated to date, that would
be 233,116 checks.  Splitting $2000USD would work out to $.009/user (hard to
cash that check!)  Even if you only split it among those who submitted
blocks yesterday, it would be 49,937 checks.  Just try and find a bank
willing to process that many checks for 4 cents!

Extremely costly prospect.

@233,116 checks
Share is < $0.01/user   - $2,000 (not exact/rounding)
Computer checks in bulk - $10,490
Mailing checks          - $76,928
                    Total $87,618

@49,937 checks
Share is $0.04/user     - $2,000 (not exact/rounding)
Computer checks in bulk - $2,247
Mailing checks          - $16,479
                    Total $20,726

These are over simplistic figures, not even taking into consideration the
cost of airmail for the many thousands of foreign participants, but I think
this will sufficiently illustrate the folly of all these discussions of
"pay-per-block".

Can we please let this issue die?

Regards,
Rob Butler

-----Original Message-----
What about if they divide for example $2000 for the number of blocks done,
and split that money to every email (geee it would be difficult to write
that many checks!).

That way, who discovers the key, wins $1000, the team another $1000, but
everyone else would receive some money for the work.

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