Things about Understanding Bitcoin Mining
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 distribute stocks along the block finding interval. The more hashing energy you have and the longer you mined for the block, the more shares you submitted. Once a block is found, the pool pay the miners according to the amount of shares they obtained.
However in this payment system, the value that you will receive 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 each share you recieve.
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Score-based: This payment system 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 remain on the 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 standard 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 outside 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 final 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 be rewarded. While not defined anywhere explicitly, N is generally set as a multiple of the mining pool issue using a constant, typically two.
Due to this, PPLNS is also known as Pay per Luck Shares. pop over to these guys When implemented properly, miners cant predict the ideal time to join, so that click here for more they can either get higher rewards when they got to receive more stocks within the previous 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 to come. Founded by SatoshiLabs current CEO Marek Palatinus (aka Slush), its located in the Czech Republic and follows a score-based system to dissuade pool-hopping.
This is a medium-large sized pool. SlushPool asserts 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 biggest of the Bitcoin mining pools, its certainly considered one of the best.
Antpool is a Chinese Bitcoin mining pool operated by Bitmain Technologies. It's 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 appreciate 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 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 largest pool around, at the time of writing. BTC.com possess 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 situated in 2013. Operating a PPS+ reward system, F2Pool takes a 2.5% fee, which is a bit on the high side.
Also known as KanoPool, Kano CKPool was founded in 2014. This little Bitcoin mining pool provides PPLNS payment model, charging a 0.9% fee.
With regard to payout, per each block found you will need to wait for +101 block confirmations to get paid, which might take a while.
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This is a comparatively straightforward pool having an interface which could do with an update as its not the most user friendly. It doesnt have much in the way of features, but it does possess two-factor authentication for an additional layer of safety.