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This payment system guarantees payments and leaves the miners with hardly any risk of not being compensated for their contribution. The downside of this scheme is the high fees that the pool owners charge, to mitigate the risk they take by paying regularly.
Proportional: Just like in PPS, miners distribute shares along the block finding interval. The more hashing power you have and the longer you mined for the cube, the more shares you filed. Once a block is found, the pool pay the miners according to the amount of shares they received.
But in this payment system, the value that you will get for each share will equal the block rewards divided by the entire number of shares submitted by all miner. This means that the further 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 speed score. The longer you stay on the 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 shares drop accordingly.
Pay per Last N Shares (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 be defined as a time frame (uncommon), or with a certain number (N) that represents the last shares received up into the block solving. .
By way of 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 generally set as a multiple of the mining pool difficulty with a constant, typically 2.
Due to this, PPLNS can be known as Pay per Luck Shares. When implemented correctly, miners cant predict the right time to join, so that they can either get greater rewards if they got to get more stocks within the last N stocks, or find 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 SatoshiLabs current CEO Marek Palatinus (aka Slush), its located in the Czech Republic and follows a score-based system to discourage pool-hopping.
This really is a medium-large sized pool. SlushPool asserts a 2% commission from every block solving reward. SlushPools dashboard is very user friendly and gives excellent detail with routine upgrades. While it may not be the largest of those Bitcoin mining pools, its certainly considered one of the best.
Antpool is a Chinese Bitcoin mining pool run by recommended you read Bitmain Technologies. It's moderate in size. One advantage Antpool has is that you can choose between PPLNS (0% fee) and PPS+ (2% fee), both of which have their own advantages.
In regard try this to payments, theyre made once per day if the amount exceeds 0.001 Bitcoin. Those new to Bitcoin mining will love the clean interface. The dashboard clearly shows earnings and hashrates. Additionally, there are many different 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 a while, before opening a pool in 2016. Owned by Bitmain Tech, BTC.com is the largest pool around, at the time of writing. BTC.com possess their own payment system, FPPS, which similar to PPS+ include TX charges in the payouts, along with the block reward.
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F2Pool is a medium-large pool established in 2013. Operating a PPS+ reward system, F2Pool requires a 2.5% fee, which is a bit on the high side.
Also known as KanoPool, Kano CKPool was founded in 2014. This little YOURURL.com Bitcoin mining pool offers PPLNS payment model, charging a 0.9% commission.
With respect to payout, per each block found you will need to wait +101 block confirmations to get paid, which could take a while.
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This is a relatively simple pool with an interface which could do with an upgrade 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.