What is the difference between PPLNS and PPS rewards methods?
- PPLNS is a way of determining how many cryptocoins you get for your shares completed. This method of calculating payouts includes a "luck" factor. Using PPLNS your payout per share will have a large range (30% more or less on your payouts), but on average, PPLNS earns more than PPS (by 5% or so) in the long run (a month or more).
- PPLNS is pay-per-last-N-shares, where N is some number. What this does is essentially cap the timeframe for which the percentage is calculated. So, if the round was 5 hours and it took 1000 hashes but the PPLNS was set to 1 hour, and you were some pool hopper that mined for an hour in hour #2 with 900 hashes, you get nothing.
- PPS is also known as Pay Per Share. It is a more direct method where you get a standard payout rate for each share completed.This method eliminates the "luck" in your payout, but can decrease your total income per share by around 5%.Using PPS you get a set number of cryptocoins per share of work you have solved. It has no random involved so the payouts do not fluctuate.
- PPS is pay per share, usually round-based. So, if a round (i.e., the time between last block was found and new block found) took 1000 hashes and took 5 hours and you, the miner, contributed 100 hashes, you can 10% of the block reward. So if the round was 5 hours and it took 1000 shares but the PPLNS was set to 1 hour, and you were some pool hopper that mined for an hour in hour #2 with 900 shares, you get 90% even though you stopped mining with the pool.