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This payment method guarantees payments and leaves the miners with hardly any risk of not being paid for their contribution. The downside of this scheme is that the high fees the pool owners charge, to mitigate the risk they take by paying frequently.
Proportional: Just like in PPS, miners submit 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 block is found, the pool cover the miners according to the amount of shares they obtained.
However in this payment system, the value you will receive for each share will equal the block benefits divided by the entire number of shares filed 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 time and hashing power are calculated into a scoring hash rate score. The longer you stay on the pool, the higher your score is and the higher the value of the stocks 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 stocks received during a predefined window that ends in the block solving. Unlike other payment schemes, shares received out the window will not be rewarded at all. This window can be defined as a time frame (uncommon), or by a certain number (N) that represents the final stocks received up into the block solving. .
For instance, 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 the mining pool issue using a constant, usually 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 they can either get greater rewards when they must receive hop over to these guys more stocks within the last N shares, or find no reward at all 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 system to dissuade pool-hopping.
This is a medium-large sized pool. SlushPool claims a 2% commission from every block solving reward. SlushPools dashboard is very user friendly and provides excellent detail with routine updates. While it might not be the biggest of the Bitcoin mining pools, its certainly considered one of the best.
Antpool is a Chinese Bitcoin mining pool run by Bitmain Technologies. It's moderate 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 daily if the amount exceeds 0.001 Bitcoin. Those new to Bitcoin mining will love the clean interface. The dashboard clearly displays 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 some time, before opening a pool in 2016. Owned my site by Bitmain Tech, BTC.com is the largest pool around, at the time of writing. BTC.com possess 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 takes a 2.5% fee, which is somewhat on the high side.
Besides Bitcoin, F2Pool additionally supports mining Litecoin (LTC), Ethereum (ETH), Zcash (ZEC), in addition to additional different 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 straightforward, with information presented in a clear and concise manner. .
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 to get paid, which could take a while.
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This is a comparatively simple pool having an interface which could do with an upgrade as its not the most user friendly. It doesnt read the article have much in the way of features, but it does have two-factor authentication to get an additional layer of safety.