I made a formula to see wich transcoder gives the highest reward per token.
It goes from 0 to 1 where 0 is no efficiency at all and 1 is the most efficient.
Here it is:
Rn is the transcoder reward to stake ratio and R0 is the reward to stake ratio of the transcoder with the highest ratio.
f is the transcoder reward cut
I would love to see it implemented on the website because it can help both stakers to find out wich transcoder is more beneficial for them and also can help transcoders to adjust their fees to the avarage.
This is an example i made manually for round 1400 and as you can see the 15th transcoder is the most efficient https://imgur.com/LEPvj9c