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This payment method 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 charge, to mitigate the risk they take by paying regularly.
Proportional: Just like in PPS, miners distribute shares along the block finding interval. The more hashing energy you have and the longer you mined for the cube, the more stocks you submitted. Once a block is found, the pool cover the miners according to the amount of shares they received.
However in this payment method, 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 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 shares you get. Once you stop mining, your score gets smaller and the value of your stocks 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 out of the window will not be rewarded at all. This window can be defined as a time frame (uncommon), or by a certain number (N) that represents the final shares 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 be rewarded. While not defined anywhere explicitly, N is usually set as a multiple of this mining pool issue using a constant, usually two.
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 stocks within the last N shares, or find no reward whatsoever 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 method to dissuade pool-hopping.
This is a medium-large sized pool. SlushPool asserts a 2% commission from every block solving benefit. SlushPools dashboard is quite user friendly and provides excellent detail with routine upgrades. While it may not be the largest of the Bitcoin mining pools, its certainly considered one of the very 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% 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 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 greatest you can try this out pool around, in the time of writing. BTC.com possess 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 established in 2013. Operating a PPS+ reward system, F2Pool takes a 2.5% commission, 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% fee.
With respect to payout, per each block found you will need to wait for +101 block confirmations for paid, which could take some time.
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This is a comparatively straightforward pool having an interface which could do with an upgrade as its not the most user friendly. It doesnt have much in the way of features, but it will possess two-factor authentication to get an additional layer of safety.