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

Proportional: Just like in PPS, miners submit stocks along the block finding interval. The more hashing energy you've got and the longer you mined to your cube, the more stocks you submitted. Once a block is found, the pool cover the miners according to the amount of shares they obtained.

But in this payment system, the value you will get for each share will equal the block benefits divided by the total number of shares filed 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 speed score. The longer you remain on the pool, the higher 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 shares drop accordingly.

Pay per standard 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, shares received outside 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 shares received up to the block solving. .

For 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 called Pay per Luck Shares. When implemented correctly, miners cant predict the ideal time to join, so they can either get higher discover here rewards if they got to get more stocks within the last 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 method to discourage pool-hopping.

This is a medium-large sized pool. SlushPool claims a 2% fee from each block solving benefit. SlushPools dashboard is quite user friendly and provides excellent detail with regular updates. 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 operated by Bitmain Technologies. It is 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 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. 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 some time, before opening a pool in 2016. Owned by Bitmain Tech, BTC.com is the greatest pool around, at the time of writing. BTC.com have their own payment method, FPPS, which like Home Page PPS+ include TX charges in the payouts, along with the block reward.

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F2Pool is a medium-large pool situated in 2013. Operating a PPS+ reward system, F2Pool requires a 2.5% fee, which is somewhat on the high side.

Bitcoin Mining Tutorial for DummiesThings about Other Coins Like Bitcoin
Besides Bitcoin, F2Pool additionally supports mining Litecoin (LTC), Ethereum (ETH), Zcash (ZEC), in addition to additional different coins. Theres a daily automatic payout, and the minimum withdrawal is 0.005 BTC. Unlike a few Chinese Bitcoin mining pools, it has 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 little Bitcoin mining pool provides PPLNS payment model, charging a 0.9% commission.

With regard to payout, per each block found you'll need try this out to wait +101 block confirmations for paid, which might take a while.

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This is a relatively simple 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 security.

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