This video will go into detail about how Mining Ops work. It is specifically entailing to the the Mining Op setup for the corporation that I am currently in and may be subject to change.
A simple breakdown in text of how this work is you have a mining fleet, command ship and a freighter. The fleet mines the ore while gaining a boost from the command ship. The ores mined by the fleet are transferred to the command ship, a ship called the Orca, which has a fleet hangar that all members of the mining op have access to. Once the ore is in the fleet hangar, the Orca transfers the ore to the freighter. In this case the freighter is a ship called the Obilisk, which has 750000m3 capacity in it's cargohold. Once the freighter ship is filled up, it returns to the station where all the ore is dropped off and refined into minerals. Most of the time, the person doing the refining has perfect refining skills so no materials are lost in the refining process and 100% of the profit is gained. That process is recycled over and over until the mining op is complete.
How does payment work? It all depends on your yield, how many mining lasers you have and how long you stayed part of the mining op. All of the information is inputted into a spreadsheet and the final profit from the sold minerals is split between all members of the mining op. The higher the yield, the more you get paid. In this mining op, I managed to make 18.5 million ISK in the time span of 3-4 hours with a yield of 230m3 x2 mining lasers=460m3 every 40.6 seconds. Keep in mind, I'm still mining in the beginner mining frigate called the Venture. If you have a better mining barge with better lasers and skills trained, you will gain a whole of a lot more profit from the mining op.
Hopefully this helps everyone out. Thank you for tuning in and don't forget to hit the subscribe button and check out my Twitter and Facebook pages that you can find on my main youtube channel page. Thanks for all your support!