Bitcoin study of the---PPS and pplns mining model introduction

Introduction of PPS and PPLNS mining model

Bitcoin generates a chunk every 10 minutes, and tens of thousands of people compete, and the chunk ends up being owned by only 1 people, and everyone else is out of business. You may have to dig for 5 years to get a chunk. Team mining is, once a team of anyone to obtain a block, the chunk of the currency according to the performance of everyone, so that everyone can quickly get bitcoins.

Pplns Ore Pool (most pure team mining) Pplns, the full name pay Per the last n Shares, means "paying the proceeds based on the N shares of the past", which means that all miners once found a block, You will allocate the currency of the block according to the proportion of shares that each individual contributes. For example: Suppose, Zhang San, John Doe, Harry, these three people in the same pplns mining pool, in the past a period of time, Zhang San contributed 10 shares, John Doe contribute 3, Harry contribute 12, add up is 25 shares, then the pool found a block, the chunk contains 25 bitcoins, then, Zhang San will be divided into 10/25 blocks of rewards, that is, 10 Bitcoins, and John Doe 3, Harry get 12. In the Pplns mode, the luck ingredient is very important, if the mine pool can find a lot of chunks a day, then everyone's dividend will be very much, if the pool is not able to find the block one day, then everyone will not have any benefits. At the same time, due to the pplns, with a certain lag inertia, your mining proceeds will have a certain delay, for example, you add to a new Pplns pool, this time you will find that the first few hours of income is relatively low, it is because others in this pool has contributed a lot of share, you are new, Your contribution is very small, so your earnings are lower when you pay dividends. As time goes on, the settlement is settled, and when you start a new round of operations, you go back to the same level as everyone else. Similarly, if you leave the Pplns mine pool no longer mining, you contribute to the share still, for a period of time thereafter, you will still receive dividends, until your share is settled. The free pool provided by the bit age is the mine pool in the PPLNS mode! In general, the PPLNS model of the mine pool charges in 2%~4% range.

PPS ore pool (similar to working mode) PPS is all called pay Per Share. In order to solve the situation that sometimes yields are high and sometimes pplns, PPS uses a new algorithm. PPS is based on your calculation of the ratio of the mineral pool, and estimates the mineral pool can be obtained every day, give you a basic fixed income every day. So the example is very good understanding: Assuming that your calculation is 100M, and the whole pool of the calculation force is 10000M, then you occupy the pool of 1% of the calculation, and then, assuming that the mining pool according to the current difficulty and global finally, estimated that the ore pool can dig 4 blocks a day, that is, 100 Bitcoin, then, The pool will pay you every day for the full deposit pool 1%, that is, 1 bitcoin compensation, so that even if the mining pool today only dug 1 blocks, you also get 1 bitcoin (Ore pool loss), if the pool is over-played, dug to 10 blocks, you still only 1 Bitcoin income (mining pool big earn). How, is there any feeling that this is a stable job? In fact, the PPS model of the mining pool in order to avoid the risk of loss, often will be charged 7%-8% high fees.

Comparison. I personally suggest that beginners can try PPS, so that although the low income, but every day more stable, not easy to be frustrated, and pplns in the long run, although sometimes less, but due to lower fees, the overall benefits will be better.

Copyright NOTICE: This article for Bo Master original article, without Bo Master permission not reproduced.

Bitcoin study of the---PPS and pplns mining model introduction