So can someone tell me how this site works?

Where did you get the idea that one post equals 0.01? There is no set rate per post. It's all about the quality of your posts. The earning algorythm is a trace secret and guarded closely, we're not told how they figure our pay here. just post lots of quality stuff and you'll do fine. If I were you, I'd have a read of the guidelines and FAQ's, you'll save yourself a lot of headaches. Welcome to mylot!