Pay-Per-Share (PPS)
By CoinGecko | Updated on Aug 13, 2021
You are compensated for each valid share that you contribute. Each share is worth a set amount of cryptocurrency that may be mined. Regardless of whether the pool detects a block or not, miners will always get compensated using the PPS payment method. In other words, miners sell their hashrate to a mining pool for a fixed income. Each mining pool is in charge of its revenues and losses.
Related Terms
Pump and Dump Scheme
A market manipulation method to drive up the price of an asset before profiting by driving it back down.
Public Keys
The alphanumeric string which serves as a public receiving address in cryptocurrencies.
Order Book
An electronic list of all buy and sell orders in an exchange
REKT
A shorthand slang for “wrecked”, typically describes bad trades that results in losses.
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