9 Easy Facts About Other Coins Like Bitcoin Shown
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 bill, to mitigate the risk they take by paying frequently.
Proportional: Just like in PPS, miners distribute shares along the block finding interval. The more hashing power you have and the longer you mined to your block, the more shares you submitted. Once a cube is found, the pool pay the miners according to the amount of shares they obtained.
But in this payment system, the value you will receive for each share will equal the block benefits 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 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 speed score. The longer you remain on the pool, the greater 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 stocks drop accordingly.
Pay per standard N Stocks (PPLNS): In PPLNS, miners only get paid for shares received during a predefined window which ends in the block solving. Unlike other payment schemes, shares received out the window will not be rewarded in any way. This window can be defined as a time frame (uncommon), or with a certain number (N) that represents the last shares received up into the block solving. .
For 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 the mining pool difficulty with a constant, typically 2.
Due to this, PPLNS can be called Pay per Luck Shares. When implemented correctly, miners cant predict the ideal time to join, so they can either get higher rewards when they got to get more shares within the previous N stocks, or get 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 system to discourage pool-hopping.
This really is a medium-large sized pool. SlushPool asserts a 2% fee from every block solving benefit. SlushPools dashboard is quite user friendly and provides excellent detail with regular updates. While it might not be the largest of those Bitcoin mining pools, its certainly considered one of the best.
Antpool is a Chinese Bitcoin mining pool operated by Bitmain Technologies. It is 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 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. Additionally, there are 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 around for a while, 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 method, 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% commission, which is somewhat on the large side.
Also known as useful link 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 +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 update as its not the most user friendly. It doesnt have much in the way of features, but it will possess two-factor authentication for an additional layer of security.