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
Distributed Ledger
Ledgers whose data is stored and synced across a network of nodes.
ROI
Short for “Return on Investment”, the ratio between the net profit and cost of investing.
Zero Knowledge Proof
Cryptographic proof for 2 parties to verify a value without revealing what the value is.
Application-Specific Integrated Circuit (ASIC)
Refers to specialized computers that are made to do a very specific task (eg. calculate hashes for Bitcoin's Proof-of-Work)
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