Bitcoin pool mining site
A PPS pool, on the other hand, takes on the risk of bad luck so you don't have to deal with variance and orphaned blocks. Since the very start, the pool used ad-hoc software: Pooler wrote the front end entirely from scratch, with security and efficiency in mind, while the mining back end was originally a heavily-modified version of Jeff Garzik's pushpool. After two weeks of intensive testing, on November 5, the pool opened its doors to the public, becoming the first PPS pool for Litecoin.
In April LitecoinPool. Due to centralization concerns, it was decided to temporarily close new registrations; later in , registrations were reopened, but have since been subject to approval.
In August the back-end software was completely redesigned and rewritten from scratch to implement advanced efficiency and scalability optimizations that Pooler devised after implementing support for the Stratum protocol in cpuminer. This new implementation makes LitecoinPool.
In September LitecoinPool. We wish to thank all the people who have, directly or indirectly, contributed to the development of this pool. In particular, many thanks go to in alphabetical order: A statistically valid analysis of some pools and their payout methods: Bitcoin network and pool analysis. The following pools are known or strongly suspected to be mining on top of blocks before fully validating them with Bitcoin Core 0. The following pools are believed to be currently fully validating blocks with Bitcoin Core 0.
Operator receives portion of payout on short rounds and returns it on longer rounds to normalize payments. Similar to proportional, but instead of looking at the number of shares in the round, instead looks at the last N shares, regardless of round boundaries. Each submitted share is worth certain amount of BTC.
It is risky for pool operators, hence the fee is highest. When block is found, the reward is distributed among all workers proportionally to how much shares each of them has found. Each submitted share is worth more in the function of time t since start of current round.
For each share score is updated by: This makes later shares worth much more than earlier shares, thus the miner's score quickly diminishes when they stop mining on the pool.
Rewards are calculated proportionally to scores and not to shares. Like Pay Per Share, but never pays more than the pool earns.