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This payment method guarantees payments and leaves the miners with very little risk of not being compensated for their contribution. The downside of this scheme is the high fees that the pool owners bill, to mitigate the risk they take by paying regularly.
Proportional: Just like in PPS, miners submit shares along the block finding interval. The more hashing power 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 received.
But 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 every 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 remain on the swimming 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 shares drop accordingly.
Pay per Last N Shares (PPLNS): In PPLNS, miners only get paid for shares received during a predefined window that ends in the block solving. Unlike other payment schemes, stocks received outside of the window will not be rewarded at all. This window can either be defined as a time frame (uncommon), or by a certain number (N) that represents the final shares 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 be rewarded. While not defined anywhere explicitly, N is usually set as a multiple of the mining pool difficulty using a constant, typically 2.
Due to this, PPLNS can be known as Pay per Luck Shares. When implemented correctly, miners cant predict the ideal time to join, so that they can either get greater rewards when they must receive more shares 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 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 located in the Czech Republic and follows a score-based recommended you read method to dissuade pool-hopping.
This is a medium-large sized pool. SlushPool asserts a 2% commission from each block solving benefit. SlushPools dashboard is very user friendly and gives 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 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 made once per day 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 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 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 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 established in 2013. Operating a PPS+ reward system, F2Pool requires a 2.5% fee, which is a bit 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% fee.
With regard to payout, per each block found you'll need to wait +101 block confirmations to get paid, which could take some time.
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This is a comparatively simple pool with an interface which could do with look what i found 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 security.