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Oss gui client for bitcoin
There are many ways to turn your computing power on the Bitcoin network into payments to your wallet. Using pools is one of the easier options to make money fast with low investment. There are 2 payment methods in this pool, 2 different calculations that determine how you get paid and you can choose which you want to use.
This method of calculating payouts includes a "luck" factor. Pay Per Last N Shares groups shares submitted by all users into a "shift. Once a shift is completed, it is considered an "Open Shift". After 10 new shifts have completed, the oldest open shift is closed. This means that you will continue receiving payments on completed open shifts even if you stop mining. It is a more direct method where you get a standard payout rate for each share completed.
Using PPS you get a set number of Bitcoins per share of work you have solved. It has no luck involved so the payouts do not fluxuate. In simple terms, this means each share is valued at the average expected value at current network difficulty.
The pool is absorbing the chance of "bad luck" or general variance, and offering you a flat rate. The current PPS rate can always be seen in the top right corner of our website. Is is updated immediately whenever the difficulty changes every 2 weeks. A log of your BTC earned is available under the 'Payments' section, which breaks down shares submitted per difficulty.
If you are looking to make money off of the bitcoin network, you want to use PPLNS due to its higher payout. PPLNS will give you wide fluxuations in your 24 hour payout, but for hardcore Bitcoin miners, the law of large numbers states you will earn more this way. This is for people trying to mine as fast as possible. PPS is for people who want to have statistics to base calculations off of for upsizing their Bitcoin mining power.
PPS is not recommended for simple mining because the payout is less in the long run. Retrieved from " http: Personal tools Log in.