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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 charge, to mitigate the risk they take by paying regularly.

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

However in this payment method, the value 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 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 period and hashing power are calculated into a scoring hash rate score. The longer you remain on the swimming pool, the greater your score is and the greater the value of the  stocks you receive. Once you stop mining, your score gets smaller and the value of your stocks drop accordingly.

Pay per standard N Shares (PPLNS): In PPLNS, miners only get paid for stocks received during a predefined window which 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 either be defined as a period frame (uncommon), or with a certain number (N) that represents the last stocks received up to the block solving. .

For example, if N equals 1 Billion, once a block is found only the last 1 Billion shares will likely be rewarded. While not defined anywhere explicitly, N is usually set as a multiple of this mining pool issue using a constant, usually 2.

Due to this, PPLNS is also called Pay per Luck Shares. When implemented properly, miners cant predict the right time to join, so they can either get higher rewards if they must 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 to come. Founded by SatoshiLabs discover this current CEO Marek Palatinus (aka Slush), its located in the Czech Republic and follows a score-based system to dissuade pool-hopping.

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

Antpool is a Chinese click for source Bitcoin mining pool operated by Bitmain Technologies. It is moderate in size. One advantage Antpool has is that you can pick between PPLNS (0% commission ) and PPS+ (2% fee), both of which have their own advantages.

In terms of payments, theyre made once per day when the amount exceeds 0.001 Bitcoin. Those new to Bitcoin mining will appreciate the clean interface. The dashboard clearly shows earnings and hashrates. There are also 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, at the time of writing. BTC.com possess their own payment system, 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 situated in 2013. Operating a PPS+ reward system, F2Pool requires a 2.5% commission, which is somewhat on the large side.

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Besides Bitcoin, F2Pool additionally supports mining Litecoin (LTC), Ethereum (ETH), Zcash (ZEC), in addition to additional different coins. Theres a daily automated 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 little Bitcoin mining pool provides 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 might take some time.

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This is a comparatively straightforward pool with an interface that 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 extra layer of security.

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