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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 that the high fees that the pool owners charge, to mitigate the risk they take by paying frequently.
Proportional: Just like in PPS, miners distribute stocks along the block finding period. The more hashing power you have and the longer you mined to your block, the more stocks you filed. Once a cube is found, the pool cover the miners according to the amount of shares they obtained.
But in this payment method, the value you will get for each share will equal the block rewards divided by the total number of shares filed by all miner. This means that the further miners that join the pool, the lower the value of every 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 power are calculated into a scoring hash rate score. The longer you stay on the swimming pool, the greater your score is and the greater the value of the shares you get. Once you stop mining, your score gets smaller and the value of your shares drop accordingly.
Pay per Last N Stocks (PPLNS): In PPLNS, miners only get paid for shares received during a predefined window which ends in the block solving. Unlike other payment schemes, shares received out the window will not be rewarded in any way. This window can be defined as a period frame (uncommon), or by a certain number (N) that represents the final stocks received up to the block solving. .
By way of instance, if N equals 1 Billion, once a block is found only the last 1 Billion shares will likely be rewarded. While not defined anywhere explicitly, N is usually set as a multiple of the mining pool issue 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 higher rewards when they must receive more stocks within the previous N shares, or find no reward whatsoever if they didnt.
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Announced in 2010, SlushPool was the very first Recommended Reading Bitcoin mining pool and undoubtedly led the way for many other mining pools ahead of time. Founded by SatoshiLabs current CEO Marek Palatinus (aka Slush), its based in the Czech Republic and follows a score-based system to discourage pool-hopping.
This 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 biggest of those Bitcoin mining pools, its certainly considered one of the very best.
Antpool is a Chinese Bitcoin mining pool operated 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), both of which have their own advantages.
In terms of payments, theyre created once per day when the amount exceeds 0.001 Bitcoin. Those new to Bitcoin mining will love the clean interface. The dashboard clearly displays earnings and hashrates. There are also a variety of security options, including two-factor authentication, email alerts, and pocket locks.
Known for their wallet and their own Homepage blockchain explorer, BTC.com have been around for a while, before opening a pool in 2016. Owned by Bitmain Tech, BTC.com is your greatest pool around, in the time of writing. BTC.com have their own payment system, FPPS, which like PPS+ include TX charges 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 requires a 2.5% commission, which is somewhat on the large side.
Also known as KanoPool, Kano CKPool was founded in 2014. This little Bitcoin mining pool provides PPLNS payment model, charging a 0.9% commission.
With respect to payout, per each block found you'll need to wait for +101 block confirmations for paid, which could take some time.
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This is a comparatively straightforward 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 to get an extra layer of safety.