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
Mining Rig
A dedicated hardware to mine
Protocol
The set of rules in a network in which participating members comply to allow proper communication.
Stablecoin
Cryptocurrency with a price peg to fiat currencies or commodity.
Bots
Refers to software or programmes that automatically trade based on preset behaviours.
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