The Facts About Understanding Bitcoin Mining Revealed
This payment system guarantees payments and leaves the miners with very little risk of not being paid 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 frequently.
Proportional: Just like in PPS, miners submit stocks along the block finding interval. The more hashing power you have and the longer you mined for the cube, the more shares you filed. Once a cube 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 benefits divided by the entire 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 method 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 stay on the pool, the higher 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 stocks drop accordingly.
Pay per Last 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 outside 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 final shares received up to the block solving. .
By way of 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 the mining pool difficulty using a constant, usually 2.
For this reason, PPLNS is also called Pay per Luck Shares. When implemented properly, miners cant predict the right time to join, so that they can either get greater rewards if they got to get more stocks within the last N shares, or find no reward whatsoever 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 ahead of time. Founded by SatoshiLabs current CEO Marek Palatinus (aka Slush), its located in the Czech Republic and follows a score-based system to discourage pool-hopping.
This is a medium-large sized pool. SlushPool asserts a 2% commission from each block solving reward. SlushPools dashboard is very user friendly and provides excellent detail with routine upgrades. While it may not be the largest of those Bitcoin mining pools, its certainly considered one of the very best.
Antpool is a More hints Chinese Bitcoin mining pool run by Bitmain Technologies. It is medium in size. One advantage Antpool has is that you can choose between PPLNS (0% fee) and PPS+ (2% fee), both of which have their own advantages.
In regard to payments, theyre created once daily when the amount exceeds 0.001 Bitcoin. Those new to Bitcoin mining will love 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 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 the largest pool around, at the time of writing. BTC.com have their own payment system, 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 established in 2013. Operating a PPS+ reward program, F2Pool requires a 2.5% fee, which is somewhat on the large side.
Also known as KanoPool, Kano CKPool was founded in 2014. This small Bitcoin mining pool offers PPLNS payment model, charging a 0.9% commission.
With regard to payout, per each block found you'll need to wait +101 block confirmations to get paid, which might take a while.
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This is a relatively simple pool with an interface that could do with an update as its not the most user friendly. It doesnt have much in the way of features, but it does have two-factor authentication for an extra layer of security.