The 10-Second Trick For Other Coins Like Bitcoin

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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 the high fees that the pool owners charge, to mitigate the risk they take by paying regularly.

Proportional: Just like in PPS, miners distribute stocks along the block finding period. The more hashing power you have and the longer you mined for the block, the more shares you submitted. Once a cube is found, the pool pay the miners according to the amount of shares they obtained.

However in this payment system, the value you will receive for each share will equal the block benefits 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 period and hashing power are calculated into a scoring hash rate score. The longer you stay on the pool, the higher your score is and the higher 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 Last N Stocks (PPLNS): In PPLNS, miners only get paid for shares received during a predefined window that ends in the block solving. Unlike other payment schemes, shares received out of 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 final stocks 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, usually two.

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 higher rewards when they got to receive more shares within the last N stocks, or find no reward at 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 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 discourage pool-hopping.

This really is a medium-large sized pool. SlushPool claims a 2% fee from each block solving benefit. SlushPools dashboard is very user friendly and gives excellent detail with regular updates. While it might not be the biggest of the Bitcoin mining pools, its certainly considered one of the best.

Antpool is a Chinese Bitcoin mining pool operated by Bitmain Technologies. It's moderate 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 created once per day when the amount exceeds 0.001 Bitcoin. Those new to Bitcoin mining will love the clean interface. The dashboard clearly shows earnings and hashrates. Additionally, there are 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 the greatest pool around, in the time of writing. BTC.com possess their own payment system, 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 program, F2Pool takes a 2.5% commission, which is somewhat on the large side.

 

 

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Aside from Bitcoin, F2Pool also supports mining Litecoin (LTC), Ethereum (ETH), Zcash (ZEC), in addition to additional other coins. Theres a daily automatic payout, and the minimum withdrawal is 0.005 BTC. Unlike a few Chinese Bitcoin mining pools, it's an English interface. The layout is quite simple, with information presented in a clear and concise manner. .

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

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

 

 

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This is a comparatively straightforward pool with an interface which could do with an update as its not the most user friendly. It doesnt have much in the way of internet features, but it does possess two-factor authentication for an extra layer of security.

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