The Ultimate Guide To Other Coins Like Bitcoin
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 that the high fees that the pool owners charge, to mitigate the risk they take by paying frequently.
Proportional: Just like in PPS, miners submit shares along the block finding period. The more hashing energy you've got and the longer you mined for the block, 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 total 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 electricity are calculated into a scoring hash rate score. The longer you remain on the 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 stocks drop accordingly.
Pay per Last 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 of the window will not be rewarded in any way. This window can be defined as a period 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 be rewarded. While not defined anywhere explicitly, N is generally set as a multiple of the mining pool issue using a constant, usually two.
Due to this, PPLNS can be known as Pay per Luck Shares. When implemented properly, miners cant predict the right time to join, so that they can either get greater rewards if they got to get more shares 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 other mining pools to come. Founded by SatoshiLabs current CEO Marek Palatinus (aka Slush), its based in the Czech Republic and follows a score-based system to discourage pool-hopping.
This is a medium-large sized pool. SlushPool asserts a 2% commission from every block solving reward. SlushPools dashboard is very user friendly and provides excellent detail with regular updates. 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's medium in size. One advantage Antpool has is that you can choose between PPLNS (0% commission ) and PPS+ (2% fee), each of which have their own advantages.
In regard to payments, theyre made once daily if the amount exceeds 0.001 Bitcoin. Those new to Bitcoin mining will appreciate the clean interface. The dashboard clearly displays earnings and hashrates. There you can find out more are also a variety of security options, including two-factor authentication, email alerts, and pocket locks.
Known for their wallet and their own blockchain explorer, BTC.com have been visit homepage around for a while, before opening a pool in 2016. Owned by Bitmain Tech, BTC.com is the largest pool around, in the time of writing. BTC.com possess their own payment method, 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 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 will need to wait for +101 block confirmations to get paid, which could take a while.
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This is a relatively simple pool with 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 does possess two-factor authentication to get an additional layer of security.