ViaBTC | Which Mainstream Mode of Settlement Could Maximize Your Mining Revenue?

1. PPS (Pay Per Share)

Before going into any detail, let’s first define the notion of “lucky value”, which refers to the ratio of the received mining yield to the expected yield. In a sense, the calculation of the lucky value is like heads or tails, which is a common game. Though the theoretical probability of both heads and tails is 50%, there might be 60 heads and 40 tails out of 100 tosses. This also applies to a mining pool. When the mining luck of a pool is greater than 100%, the received yield exceeds the expected yield. On the other hand, if it is less than 100%, the received yield falls below the expected yield.

2. PPLNS (Pay Per Last N Shares)

The model refers to the payment of mining yield based on the number of shares miners submitted during a shift. Under PPLNS, the mining yield is closely bound up with the actual number of blocks mined in a pool. When a new block is mined, the pool will first deduct the service fee, and then distribute the remaining block reward and miner’s fee to each miner according to their hashrate share.

3. PPS+ (Pay Per Share+)

Here, “+” means the miner’s fee charged by the mining pool. The model is an improvement of PPS. It adds another item of yield on the basis of PPS — Under PPS+, the miner’s fee charged by the mining pool will be distributed according to miners’ hashrate share.

4. FPPS (Full Pay Per Share)

Compared with PPS, this model introduces a new item of mining yield. Though this new yield is also counted as miner’s fee, FPPS differs from PPS+ in that the yield is distributed according to the average miner’s fee of the entire network on a day, while the added yield in PPS+ is allocated based on the miner’s fee charged by the pool. As the two models could differ in terms of the distribution of the miner’s fee, the mode of settlement, as well as the choice of mining pools, the mining yield may also vary.

5. SOLO

Under this model, miners operate as if they work solo. If a block is mined, they will get all the block rewards after deducting the corresponding service fee. On the other hand, if no block is mined, miners under this model earn zero profit. This approach is more suitable for miners with a high hashrate share. If what you have is just a moderate hashrate share, then this mode of settlement is not for you.

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