Hello, can anybody me FULLY explain PPLNS and PPS reward systems?

[rokshis]

Hello, so I understand them a bit, but i dont fully understand the formulas , how they are counted. So lets start

Those formulas is taken from BTCGuild:




PPS:

1 / Network Difficulty * 25) - Pool Fee (7.5%)

____________________________________________

PPLNS:

((Block Value + Transaction Fees) / 10) - Pool Fee (3%)

_____________________________________________________





So, about PPS, Network difficulity (currently ( at the moment of writing ) is - 908,350,862 - this is the network difficulity? Correct me if im wrong anywhere.

So formula in numbers is : 1 / 908,350,862 * 25 - 7,5% Right?

WHAT IS THE 25? Why is it multiplied by 25? Please tell me.

---------------------------------------------


About PPLNS:

Block value = 25 Bitcoins right?

WHAT IS THE TRANSACTION FEES? SOMEBODY EXPLAIN ME PLEASE.

Why everything (Block Value + Transaction Fees) is divided by 10?





PLEASE HELP ME!

[zendantom]

So, about PPS, Network difficulity (currently ( at the moment of writing ) is - 908,350,862 - this is the network difficulity? Correct me if im wrong anywhere.

So formula in numbers is : 1 / 908,350,862 * 25 - 7,5% Right?

WHAT IS THE 25? Why is it multiplied by 25? Please tell me.

25 BTC Block reward
So formula in numbers is : ((1 / 908,350,862) * 25) * 0.925
Reward per every submited share in BTC

About PPLNS:

Block value = 25 Bitcoins right?

WHAT IS THE TRANSACTION FEES? SOMEBODY EXPLAIN ME PLEASE.

Why everything (Block Value + Transaction Fees) is divided by 10?

TRANSACTION FEES are the fees people pay for sending Bitcoin, like 0.0001 BTC per transaction.

[olinnebit]

Have you read this? It explained it good enough for me at first; http://forum.feathercoin.com/index.php?topic=5138.0