A couple of quick & very newbie questions:
1- I know that the pool gets 1 BTC as a fee from each found 50 BTC block to keep the servers running, but is there any fee deductions from my payout as well? For example I set my payout to be when I reach 5 BTC, will I get that or less due to certain fees? If yes, how much are they?
2- When setting my wallet address, is that one of my "Receiving Addresses" codes from the Bitcoin application?
Any help would be appreciated.
1) no fee deductions from your payout, you will get it once you have more than your limit 5
2) exactly - the receiving address.