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This payment system guarantees payments and leaves the miners with very little risk of not being paid for their contribution. The downside of this scheme is 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 energy you've got and the longer you mined to your cube, the more shares you submitted. Once a block is found, the pool pay the miners according to the amount of shares they received.
However in this payment method, the value 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 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 speed score. The longer you remain on the swimming pool, the higher your score is and the greater 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 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, 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 last shares received up to the block solving. .
By way of 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 generally set as a multiple of the mining pool difficulty using a constant, typically 2.
Due to this, PPLNS is also known as Pay per Luck Shares. When implemented correctly, miners cant predict the right time to join, so that they can either get greater rewards when they got to receive more shares within the previous N stocks, or find no reward at home all 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 to come. Founded by SatoshiLabs current CEO Marek Palatinus (aka Slush), its located in the Czech Republic and follows a score-based method 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 gives excellent detail with routine upgrades. While it might not be the largest of the Bitcoin mining pools, its certainly considered one of the best.
Antpool is a Chinese Bitcoin mining pool run by Bitmain Technologies. It is medium in size. One advantage Antpool has is that you can pick 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 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. read this article Owned by Bitmain Tech, BTC.com is your greatest pool around, at the time of writing. BTC.com possess their own payment system, 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 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 respect 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 that could do with an update as its not the most user friendly. It doesnt have much in the way of features, but it does have two-factor authentication How To Open Trading Account to get an extra layer of security.