Hi guys!
If you are considering mining, you should know about mining pools and what payment structures they use.
Here are short descriptions on the most common ones.
If you have any questions, go ahead!
Pay-per-ShareThe most common payout structure. A PPS model keeps count of all your shares and pays a certain fixed amount for each. You can withdraw your money at any time because your payout is taken from the pool’s existing balance. Examples: Nicehash, AntPool, LitecoinPool, SparkPool, and many more.
Full Pay-per-ShareFPPS model is similar to PPS with the exception that it includes a portion of transaction fees into your payout, whereas PPS-based mining pools leave fees to themselves. FPPS was invented by BTC.com, and there are not many pools that use this model.
ProportionalYou are rewarded at the end of a mining round (when a block is found) based on how many shares you contributed to finding that individual block. All shares are equal, and it does not matter whether your share was the one that solved the block. Example: NoobPool
Pay-per-Last-N-SharesPPLNS is similar to Proportional model but your reward is based on the fixed number N of your last shares without any regard for round boundaries. PPLNS is quite common and used in SparkPool, DynastyCoin Mining Pool, ViaBTC, KanoPool.
Score systemSlush Pool keeps score of all shares during a mining round. Early shares are more valuable than those submitted late in the round. This prevents ‘pool hopping’, a cheating strategy where miners switch pools within a round.
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Thanks for interest, have a nice day!
