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Yea I guess I meant more of how the mining rewards are split. Electricity cost arbitrage explains a source of profit for sure.
As far as I know, you get 100% of your hashrate towards the mining pool of your choice. I'll be using Lincoin because they utilize pay to paynyms
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This is what I was referring to:
After power is paid at 5.95 cents per kWh we split the profit 50/50. 1

Footnotes

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No so they have two payment models. I think the profit sharing is a bear market strategy. But in normal times I think you just pay a flat electricity rate
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