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The numbers are based on 30 straight minutes of real world time:
15min = 162 wood = 810 gold
30min = 324 wood = 1620 gold
45min = 486 wood = 2430 gold
1hr = 648 wood = 3240 gold
You may be able to get more wood per 15min then I did. I was only casually looking down at the stump after each...