Mining Pool Payment Methods (PPS vs PPLNS)

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There are many ways to turn your computing power on the Bitcoin network into payments to your wallet. Using pools is one of the easier options to make money fast with low investment. There are 2 payment methods in this pool, 2 different mybtccoinbitcoinlitecoin mining poolpplns payouts that determine how you get paid and you can choose which you want to use. This method of calculating payouts includes a "luck" factor. Pay Per Last N Shares groups shares submitted by all users into a "shift.

Once a shift is completed, it is considered an "Open Shift". After 10 new shifts have completed, the oldest open shift is closed. This means that you will continue receiving payments on completed open shifts even if you stop mining.

It is a more direct method where you mybtccoinbitcoinlitecoin mining poolpplns payouts a standard payout rate for each share completed.

Using PPS you get a set number of Bitcoins per share of work you have solved. It has no luck involved so the payouts do not fluxuate. In simple terms, this means each share mybtccoinbitcoinlitecoin mining poolpplns payouts valued at the average expected value at current network difficulty. The pool is absorbing the chance of "bad luck" or general variance, and offering you a flat rate.

The current PPS rate can always be seen in the top right corner of our website. Is is updated immediately whenever the difficulty changes every 2 weeks. A log of your BTC earned is available under the 'Payments' section, which breaks down shares submitted per difficulty. If you are looking to make money off of the bitcoin network, you want to use PPLNS due to its higher payout. PPLNS will give you wide fluxuations in your 24 hour payout, but for hardcore Bitcoin miners, the law of large numbers states you will earn more this way.

This is for people trying to mine as fast as possible. PPS mybtccoinbitcoinlitecoin mining poolpplns payouts for people who want to have statistics to base calculations off of for upsizing their Bitcoin mining power.

PPS mybtccoinbitcoinlitecoin mining poolpplns payouts not recommended for simple mining because the payout is less in the long run. Retrieved from " http: Personal tools Log in.

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A statistically valid analysis of some pools and their payout methods: Bitcoin network and pool analysis. The following pools are known or strongly suspected to be mining on top of blocks before fully validating them with Bitcoin Core 0. The following pools are believed to be currently fully validating blocks with Bitcoin Core 0.

Operator receives portion of payout on short rounds and returns it on longer rounds to normalize payments. Similar to proportional, but instead of looking at the number of shares in the round, instead looks at the last N shares, regardless of round boundaries. Each submitted share is worth certain amount of BTC. It is risky for pool operators, hence the fee is highest. When block is found, the reward is distributed among all workers proportionally to how much shares each of them has found.

Each submitted share is worth more in the function of time t since start of current round. For each share score is updated by: This makes later shares worth much more than earlier shares, thus the miner's score quickly diminishes when they stop mining on the pool.

Rewards are calculated proportionally to scores and not to shares. Like Pay Per Share, but never pays more than the pool earns. Calculate a standard transaction fee within a certain period and distribute it to miners according to their hash power contributions in the pool.

It will increase the miners' earnings by sharing some of the transaction fees. The pool's total hash rate is very dynamic on most pools. Over time, as the network grows, so does most pool's hash rates.

The displayed values are the pool's relative sizes based on the network: Retrieved from " https: Navigation menu Personal tools Create account Log in. Views Read View source View history. Sister projects Essays Source. This page was last edited on 27 March , at Content is available under Creative Commons Attribution 3.

Privacy policy About Bitcoin Wiki Disclaimers. Jonny Bravo's Mining Emporium. Merged mining can be done on a "solo mining" basis [4].