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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 the pool owners bill, to mitigate the risk they take by paying frequently.
Proportional: Just like in PPS, miners distribute shares along the block finding interval. The more hashing energy you've got and the longer you mined for the cube, the more shares you submitted. Once a cube is found, the pool cover the miners according to the amount of shares they obtained.
However 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 system 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 swimming pool, the higher your score is and the higher the value of the shares you receive. 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 which ends in the block solving. Unlike other payment schemes, stocks received outside of the window will not be rewarded in any way. This window can be defined as a time frame (uncommon), or by a certain number (N) that represents the final stocks received up to 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 usually set as a multiple of the mining pool difficulty using a constant, usually 2.
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 when they must get more Bonuses 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 you can check here other mining pools ahead of time. 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 claims a 2% fee from each block solving benefit. SlushPools dashboard is quite user friendly and provides excellent detail with regular upgrades. While it may not be the largest of the Bitcoin mining pools, its certainly considered one of the 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 made once daily when the amount exceeds 0.001 Bitcoin. Those new to Bitcoin mining will love the clean interface. The dashboard clearly shows earnings and hashrates. There are also 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 your largest pool around, at the time of writing. BTC.com have their own payment system, FPPS, which similar to 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 program, 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 small 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 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 check these guys out most user friendly. It doesnt have much in the way of features, but it will have two-factor authentication for an extra layer of security.