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This payment system guarantees payments and leaves the miners with very little risk of not being paid for their contribution. The downside of this scheme is the high fees the pool owners charge, to mitigate the risk they take by paying frequently.
Proportional: Just like in PPS, miners submit shares along the block finding interval. The more hashing power you have and the longer you mined for the cube, the more stocks you submitted. Once a block is found, the pool cover the miners according to the amount of shares they obtained.
However in this payment method, the value you will receive for each share will equal the block benefits divided by the entire number of shares submitted by all miner. This means that the more miners that join the pool, the lower the value of each share you recieve.
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Score-based: This payment method was designed to prevent miners from pool-hopping. Your mining period and hashing electricity are calculated into a scoring hash rate score. The longer you stay on the swimming pool, the higher your score is and the greater the value of the stocks you receive. Once you stop mining, your score gets smaller and the value of your stocks drop accordingly.
Pay per Last N Stocks (PPLNS): In PPLNS, miners only get paid for shares received during a predefined window that ends in the block solving. Unlike other payment schemes, shares received out of the window will not be rewarded at all. This window can either be defined as a period frame (uncommon), or with a certain number (N) that represents the final shares received up into the block solving. .
For example, if N equals 1 Billion, once a block is found only the previous 1 Billion shares will likely be rewarded. While not defined anywhere explicitly, N is usually set as a multiple of this mining pool difficulty using a constant, typically two.
Due to this, PPLNS is also called Pay per Luck Shares. When implemented properly, miners cant predict the right time to join, so that they can either get higher rewards if they must receive more shares within the last N shares, or get no reward at all if they didnt.
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Announced in 2010, SlushPool was the very first Bitcoin mining pool and undoubtedly led the way for many other mining pools to come. Founded by explanation SatoshiLabs current CEO Marek Palatinus (aka Slush), its based in the Czech discover this Republic and follows a score-based system to discourage pool-hopping.
This really is a medium-large sized pool. SlushPool asserts a 2% fee from each block solving reward. SlushPools dashboard is quite user friendly and gives excellent detail with routine updates. While it might not be the biggest of the Bitcoin mining pools, its certainly considered one of the very best.
Antpool is a Chinese Bitcoin mining pool run by Bitmain Technologies. It is medium in size. One advantage Antpool has is that you can choose between PPLNS (0% fee) and PPS+ (2% fee), each of which have their own advantages.
In regard to payments, theyre made once per day when the amount exceeds 0.001 Bitcoin. Those new to Bitcoin mining will love the read here clean interface. The dashboard clearly shows earnings and hashrates. Additionally, there are a variety of security options, including two-factor authentication, email alerts, and wallet locks.
Known for their wallet and their own blockchain explorer, BTC.com have been around for some time, before opening a pool in 2016. Owned by Bitmain Tech, BTC.com is the greatest pool around, at the time of writing. BTC.com have their own payment system, FPPS, which similar to PPS+ include TX fees in the payouts, along with the block reward.
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F2Pool is a medium-large pool situated in 2013. Operating a PPS+ reward system, F2Pool takes a 2.5% commission, which is a bit on the large side.
Also known as KanoPool, Kano CKPool was founded in 2014. This small Bitcoin mining pool offers PPLNS payment model, charging a 0.9% fee.
With regard to payout, per each block found you will need to wait +101 block confirmations to get paid, which could take some time.
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This is a relatively straightforward pool having an interface that could do with an update as its not the most user friendly. It doesnt have much in the way of features, but it does have two-factor authentication for an extra layer of security.