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This payment system guarantees payments and leaves the miners with very little risk of not being compensated for their contribution. The downside of this scheme is that the high fees that the pool owners bill, to mitigate the risk they take by paying frequently.
Proportional: Just like in PPS, miners submit shares along the block finding interval. The more hashing energy you've got and the longer you mined to your block, the more stocks you filed. Once a cube is found, the pool pay the miners according to the amount of shares they received.
But in this payment system, the value you will receive for each share will equal the block benefits divided by the entire number of shares submitted 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 electricity are calculated into a scoring hash rate score. The longer you stay on the swimming pool, the greater 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 standard 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, stocks received out the window will not be rewarded in any way. This window can be defined as a period frame (uncommon), or with a certain number (N) that represents the final stocks 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 likely be rewarded. While not defined anywhere explicitly, N is generally set as a multiple of this mining pool difficulty with a constant, usually 2.
Due to this, PPLNS is also called Pay per Luck Shares. When implemented correctly, miners cant predict the right time to join, so that they can either get greater rewards if they must receive more shares within the previous N shares, or get 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 claims a 2% commission from every block solving reward. SlushPools dashboard is quite user friendly and provides excellent detail with routine upgrades. While it might not be the biggest of those Bitcoin mining pools, its certainly considered one of the view it now best.
Antpool is a Chinese Bitcoin mining pool run by Bitmain Technologies. It's medium in size. One check my reference 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 daily when the amount exceeds 0.001 Bitcoin. Those new to Bitcoin mining will appreciate the clean interface. The dashboard clearly displays earnings and hashrates. There are also 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 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 read more pool established in 2013. Operating a PPS+ reward program, F2Pool takes a 2.5% fee, which is somewhat on the high side.
Also known as KanoPool, Kano CKPool was founded in 2014. This little Bitcoin mining pool offers PPLNS payment model, charging a 0.9% commission.
With regard 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 relatively straightforward pool having an interface that could do with an upgrade as its not the 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.