What Is the Difference between PPS and PPLNS Mining Pool Reward Systems?
Pay-Per-Share (PPS) offers a guaranteed, fixed payout for each share submitted, regardless of whether the pool finds a block. This transfers the risk of block discovery to the pool operator.
Pay-Per-Last-N-Shares (PPLNS) pays out only when a block is found, distributing the block reward based on the shares submitted during the last 'N' shares. PPLNS is generally considered less risky for the operator but more volatile for the miner.
Glossar
Pplns Mining Pool
Allocation ⎊ Pplns Mining Pool represents a pay-per-last-n-shares scheme, a prevalent reward system within Proof-of-Work cryptocurrency mining operations, distributing block rewards based on the proportion of valid shares submitted by each miner over a recent window.
PPS
Protocol ⎊ The term PPS, within cryptocurrency and derivatives contexts, frequently denotes a Payment Protocol Standard, a framework designed to facilitate atomic swaps between distinct blockchain networks.
PPS Reward
Incentive ⎊ In cryptocurrency derivatives, a PPS Reward represents a performance-based incentive mechanism designed to align the interests of liquidity providers with those of the underlying protocol or exchange.
PPLNS
Protocol ⎊ Perpetual Protocol (PPLNS) represents a decentralized options trading platform built on Ethereum, facilitating the issuance and trading of perpetual options contracts.
Mining Pool Operator
Function ⎊ A Mining Pool Operator is the centralized entity responsible for coordinating the computational power of numerous individual miners into a single, cohesive force to increase the probability of discovering a block.