What Does Other Coins Like Bitcoin Do?

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This payment method guarantees payments and leaves the miners with hardly any risk of not being paid for their contribution. The downside of this scheme is the high fees that the pool owners bill, to mitigate the risk they take by paying regularly.

Proportional: Just like in PPS, miners submit shares along the block finding interval. The more hashing power you've got and the longer you mined for the cube, the more stocks 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 that 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 more miners that join the pool, the lower the value of every 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 power are calculated into a scoring hash rate score. The longer you stay on the swimming pool, the greater your score is and the greater 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 standard N Stocks (PPLNS): In PPLNS, miners only get paid for stocks 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 either be defined as a time frame (uncommon), or by 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 this mining pool issue with a constant, usually two.

Due to this, PPLNS can be known as Pay per Luck Shares. When implemented properly, miners cant predict the ideal time to join, so that they can either get greater rewards if they got to get more stocks within the previous N stocks, or find 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 based 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% fee from each block solving benefit. SlushPools dashboard is very user friendly and provides excellent detail with regular upgrades. While it might not be the biggest of the Bitcoin mining pools, its certainly read considered one of the very 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% commission ) and PPS+ (2% fee), both Visit Your URL of which have their own advantages.

In terms of 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 shows earnings and hashrates. Additionally, there are many different 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 possess their own payment method, FPPS, which similar to 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 program, F2Pool takes a 2.5% commission, which is somewhat on the high side.

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Besides Bitcoin, F2Pool additionally supports mining Litecoin (LTC), Ethereum (ETH), Zcash (ZEC), as well as additional other coins. Theres a daily automatic payout, and the minimum withdrawal is 0.005 BTC. Unlike some Chinese Bitcoin mining pools, it has an English interface. The design is quite straightforward, with information presented in a clear and concise manner. .

Also known as KanoPool, Kano CKPool was founded in 2014. This little Bitcoin mining pool offers PPLNS payment model, charging a 0.9% fee.

With regard to payout, per each block found you will need to wait +101 block confirmations for paid, which could take a while.

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This is a relatively straightforward pool with 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 possess two-factor authentication to get an additional layer of safety.

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