Today, the majority of miners in PoW projects that support ASIC mining rigs tend to mine through mining pools such as Foundry USA, AntPool, or ViaBTC. Mining through pools allows miners with limited mining devices to have a better chance at finding blocks and receiving rewards. With the emergence of ASIC mining rigs, the overall network’s hashrate has significantly increased. The rewards from the mined blocks are distributed among all miners participating in the pool. However, the issue arises when miners contribute unequally to the pool. Various payment models have been introduced to address this concern since the first mining pool was created in 2010.
One of the most commonly used payment models in mining pools is PPS+ (Pay Per Share+), which was introduced by ViaBTC Pool in 2016 as an enhancement to the traditional PPS model. Under PPS+, miners receive rewards for each share they submit and transaction fees are distributed based on the PPLNS payment model. This model aims to provide stability and predictability in mining income, regardless of the mining pool’s luck in successfully mining blocks. Shares represent possible solutions to hashing problems that miners submit, and the hashrate of a mining rig indicates the number of shares it can generate per second.
On the other hand, the PPLNS (Pay Per Last N Shares) payment model is based on the most recent N shares contributed by miners. Earnings depend on the valid shares a miner contributes when the pool successfully mines a block. The rewards are distributed based on the proportion of shares submitted by each miner within the N shares period. This model is more volatile than PPS+, with mining rewards potentially fluctuating between high and low. Miners must choose the payment model they prefer before joining a mining pool.
When choosing a payment model, miners must consider their preference for stable income or willingness to take risks for higher returns. Preference for stable income miners may opt for PPS+ for consistent fixed returns, while miners willing to take risks for higher rewards may choose PPLNS for the potential of higher returns. Understanding the advantages and disadvantages of each model is crucial in selecting the most suitable payment model for oneself. Various mainstream cryptos and their associated payment models are offered by major mining pools like AntPool, ViaBTC, F2Pool, Binance Pool, and EMCDPool.
ViaBTC, founded in 2016, has provided professional, efficient, safe, and stable crypto mining services for over one million users worldwide. They offer a variety of mining services for mainstream cryptos like BTC, LTC, and KAS. Recently, ViaBTC implemented the PPS+ payment model in their KAS mining pool, giving miners the option to select PPS+ as their payment mode. With a focus on providing global users with supporting tools, efficient mining services, and a better product experience, ViaBTC continues to strive for excellence in the crypto mining industry.
