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In the mainstream world, editing by the minute/hour is completely irrelevant.
Things are priced by the project. I am not sure how it is on the porn world, but for example... one of those 30 second commercials you see on TV cost at least 50k to make, and most around 250k to 500k to create.
When I was freelancing, I charged by the job, and most times I would think 'it's going to take me 5 hours...' 20+ hours later I was done and the client got exactly what they wanted and I got paid the same amount.
But, for porn, having all the assets at hand and ready to edit, I would say $45 to $60 an hour is a good price. And yes, CPU time also counts (rendering).
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you there.. hi. i'm an all around multimedia guy 
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