The probability that a ship hits a mine depends on the type of the minefield and the ship's speed.
Mine_hit_odds = 0 ...if Speed ≤ Safe_warp Max(0, Base - (9 - Speed) * Bonus / 100) ...with (Base, Bonus) = WebMineHitOdds, WebMineOddsWarpBonusX100 ...if web minefield MineHitOdds, MineOddsWarpBonusX100 ...if ship is not cloaked, normal minefield MineHitOddsWhenCloakedX10/10, CloakMineOddsWarpBonusX100 ...if ship is cloaked, normal minefield
If you put the normal integer option values into this formula, you will get out a (possibly fractional) percentage, 0 to 100. This is the probability that the ship hits a mine when moving through 1 ly of the minefield.
All relevant options are arrayized and can therefore be different for each player. PHost consults the ship owner's value when moving a particular ship. It does not matter who owns the minefield.
PHost uses standard probability calculus to determine whether a ship successfully passes a minefield and, if it hits a mine, where that happens. For your convenience, here is the formula that a ship successfully passes a minefield of a given size (which is not in this form used in PHost):
Percentage = 100 * ((Mine_hit_odds/100) ^ Distance)