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This payment system guarantees payments and leaves the miners with very little 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 frequently.
Proportional: Just like in PPS, miners submit shares along the block finding period. The more hashing energy you have and the longer you mined to your block, the more stocks you filed. Once a cube is found, the pool pay the miners according to the amount of shares they obtained.
However in this payment method, the value you will receive for each share will equal the block benefits divided by the entire number of shares filed by all miner. This means that the further miners that join the pool, the lower the value of every share you recieve.
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Score-based: This payment method was designed to prevent miners from pool-hopping. Your mining period and hashing power are calculated into a scoring hash speed score. The longer you remain on the swimming pool, the greater 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 which ends in the block solving. Unlike other payment schemes, stocks received outside 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 shares received up into the block solving. .
For instance, 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 difficulty with a constant, typically 2.
Due to this, PPLNS is also called Pay per Luck Shares. When implemented properly, miners cant predict the ideal time to join, so that they can either get higher rewards if they must receive more stocks within the previous N stocks, or find no reward at all when 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 current CEO Marek Palatinus (aka Slush), its based in the Czech Republic and follows a score-based method to dissuade pool-hopping.
This really is a medium-large sized pool. SlushPool asserts a 2% fee from each block solving benefit. SlushPools dashboard is quite user friendly and gives excellent detail with regular upgrades. While it might not be the largest of the Bitcoin mining pools, its certainly considered one of the very best.
Antpool is a Chinese Bitcoin mining pool run by Bitmain Technologies. It's 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 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. 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 like 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 program, F2Pool requires a 2.5% commission, which is somewhat on the high side.
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 will need 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 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 for an additional layer of security.