NiceHash Introduces RTPPS: A Unique Mining Reward System

[nicehash]

Hello BitcoinTalk Community,

We're excited to announce a significant development in the mining industry from NiceHash - the introduction of the term RTPPS (Real Time Pay Per Share)! This innovative approach builds on the familiar PPS (Pay Per Share) system, taking it a step further to better meet the needs of modern miners.

What is RTPPS?

RTPPS stands for Real Time Pay Per Share. It's our unique twist on the well-known Pay Per Share model. This system is specially designed to enhance the mining experience by offering real-time rewards for miners. It's a game-changer in the mining world, providing unprecedented flexibility and freedom in how miners operate.

Why RTPPS?

Our RTPPS model is more than just a payout system; it's a testament to our commitment to improving the mining industry. It allows miners to buy and sell hashrate in real time, giving them more control over their operations. This approach not only benefits individual miners but also contributes to broader bitcoin adoption.

Key Benefits:

• Real-time rewards: Get paid for your mining efforts as they happen.
• Flexibility: Buy and sell hashrate on your terms.
• Improved mining experience: A modern system for the modern miner.

Join the Revolution:

This is an exciting moment for us at NiceHash and for the entire mining community. We're proud to be leading the charge in evolving mining practices, and we invite you to be a part of this journey. To learn more about RTPPS and how it stands to revolutionize the mining industry, visit our detailed blog post:

Introducing RTPPS: Unique Mining Reward System
https://www.nicehash.com/blog/post/introducing-rtpps-unique-mining-reward-system?utm_source=BitcoinTalk&utm_medium=Post&utm_campaign=RTPPS

We're eager to hear your feedback and see how RTPPS will empower your mining operations. Let's pave the way to a more efficient and rewarding mining future together!

Best,
The NiceHash Team

[1714879904]

1714879904

[1714879904]

1714879904

[1714879904]

1714879904

[1714879904]

1714879904

[1714879904]

1714879904

[1714879904]

1714879904

[JustineCollins09]

Buy and sell hash rates? How this works? Why someone won't use them instead of selling them?

[nicehash]

Buy and sell hash rates? How this works? Why someone won't use them instead of selling them?

There are different reasons, here are a couple of them:

• BTC Payouts - This allows for buyers to pay in BTC for hashrate. For example, you could be selling KawPow (Ravencoin) hashrate and receive payment in BTC instead of Ravencoin.
  
• Algorithm Versatility - Buyers use the algorithm hashrate to mine different coins (like NeuroAI, Ravencoin, CLORE) and handle switching between these for sellers. This simplifies mining and ensures you're always selling to the highest bidder, which could mean mining the most profitable coin on that algorithm.
  
• High Demand for Hashrate - Some buyers particularly seek out hashrate for reasons such as taking risks on solo mining. They may bid higher for available hashrate, resulting in better payouts than traditional pool mining.
  

[kano]

Are there PPS pools that don't show a reward for all shares?

Do you mean you've been holding back rewards before now, and finally are rewarding people for mining when they do it?