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The amount of processing power required to create an image is proportional to its size and steps. There are millions of calculations for an image produced and so a MileFlop is normalized to 1.0 for the most commonly produced image size and steps.
One MileFlop is roughly 5.25M pixel operations. More specifically it is = 512*512*20 = 5,242,880, which is the industry standard for diffusion models of 512x512 resolution and 20 sampling steps. (Note how close this number looks to the number of feet in a mile)
Currently, there are four components to this calculation: Cost in MFs = (sampling_steps * height * width) * (batch_count * batch_size) / 5,242,880.
Workers will quote and charge their fee based on the MileFlops of the request.