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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 the pool owners charge, to mitigate the risk they take by paying frequently.
Proportional: Just like in PPS, miners distribute shares along the block finding interval. The more hashing power you've got and the longer you mined for the block, the more shares you submitted. Once a cube is found, the pool cover the miners according to the amount of shares they obtained.
However in this payment method, the value that 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 time and hashing power are calculated into a scoring hash rate score. The longer you stay on the 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 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, stocks received out the window will not be rewarded at all. 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. .
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 usually set as a multiple of the mining pool difficulty with a constant, typically two.
For this reason, 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 rewards when they got to get more stocks within the previous N shares, 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 official website to come. 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 is a medium-large sized pool. SlushPool claims a 2% fee from every block solving reward. SlushPools dashboard is very user friendly and gives excellent detail with regular updates. While it may not be the largest of those Bitcoin mining pools, its certainly 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), each of which have their own advantages.
In regard to payments, theyre made once per day if 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 pocket 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 your largest pool around, at the time of writing. BTC.com have their own payment method, FPPS, which like 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 program, F2Pool requires a 2.5% commission, which is somewhat on the large side.
Also known as KanoPool, Kano CKPool was founded in 2014. This small Bitcoin mining pool provides PPLNS payment model, charging a 0.9% commission.
With regard to payout, per each block found you will need to wait for +101 block confirmations to get paid, which might take some time.
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This is a comparatively simple pool with 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.