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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 the pool owners bill, 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 cube, the more stocks you submitted. Once a block is found, the pool pay the miners according to the amount of shares they obtained.
But in this payment system, the value that you will receive for each share will equal the block rewards divided by the entire 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 speed score. The longer you stay on the pool, the greater 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 stocks received during a predefined window which ends in the block solving. Unlike other payment schemes, shares received out of the window will not be rewarded in any way. This window can either be defined as a period frame (uncommon), or with a certain number (N) that represents the last 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 this mining pool issue with a constant, typically two.
Due to this, PPLNS can be called Pay per Luck Shares. When implemented correctly, miners cant predict the ideal time to join, so that they can either get higher rewards if they must receive more shares within the previous N shares, or get no reward whatsoever when 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 ahead of time. Founded by SatoshiLabs current CEO Marek Palatinus (aka Slush), its based in the Czech Republic and follows a score-based method to discourage pool-hopping.
This really is a medium-large sized pool. SlushPool claims a 2% fee from every block solving benefit. SlushPools dashboard is quite user friendly and provides excellent detail with routine updates. While it might not be the largest of the 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 pick between PPLNS (0% commission ) and PPS+ (2% fee), each 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 shows earnings and hashrates. Additionally, there are a variety of security options, including two-factor authentication, email alerts, and pocket 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 have their own payment method, FPPS, which like PPS+ include TX fees 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 program, F2Pool takes a 2.5% commission, which is a bit on the high side.
Aside from Bitcoin, F2Pool also supports mining Litecoin (LTC), Ethereum (ETH), Zcash (ZEC), as well as additional other coins. Theres a daily automated payout, and the minimum withdrawal is 0.005 BTC. Unlike some Chinese Bitcoin mining pools, it has an English interface. The layout is quite simple, with information presented in a clear and concise manner. .
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 respect to payout, per each block found you'll need to wait for +101 block confirmations for paid, which could take a while.
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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 visit this website to get an additional layer of safety.