kano
Legendary
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Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
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August 01, 2017, 12:19:45 AM |
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PPS pools pay you less. They have a consistent daily reward, but that is lower than the expected reward of most low fee PPLNS pools.
Think of it this way ... do you pay your electricity bill every day ... or ... do you get paid on your job every day?
PPLNS pools rewards go up and down due to block finding variance, but longer term they expect to pay more. Why? Coz a low fee PPLNS pool (like my pool that expects to pay more than any other pool) pays you based on block reward and transaction fees. In my case its 0.9% off the block+txnfee found with every block.
A pool like antpool has 2 'schemes' 1) PPLNS but they keep the txnfees - which for July that was about 10% extra they kept 2) PPS but PPS is calculated based on base block reward, not on the full block reward.
Basically you'd pay about 6 times more fees at antpool PPS vs my pool and about 10 times more fees at antpool PPLNS vs my pool
PPLNS has variance, so the daily reward goes up and down. Some days no reward, some days 2, 3 or more times the expected reward. As long as you don't micro-analyse every reward you get and look at the big picture, weekly or monthly, you'll see you expect to be paid more.
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