Pooled mining - Revision history

Furunodo: 12.5 => 6.25

2020-06-23T10:26:33Z

12.5 => 6.25

← Older revision		Revision as of 10:26, 23 June 2020
Line 25:		Line 25:
	===The Full Pay-per-Share approach===		===The Full Pay-per-Share approach===

	The Full Pay-per-Share (FPPS) approach, created by [[BTC.com]] team, aims to benefit miners from the high transaction fee. It will calculate a standard transaction fee within a certain period，add it into the block rewards (12.5 BTC every block for now) and then distribute the whole to miners according to PPS mode.		The Full Pay-per-Share (FPPS) approach, created by [[BTC.com]] team, aims to benefit miners from the high transaction fee. It will calculate a standard transaction fee within a certain period，add it into the block rewards (6.25 BTC every block for now, until 2024) and then distribute the whole to miners according to PPS mode.

	This method keeps advantages of PPS and pay more to miners by sharing some of the transaction fees.		This method keeps advantages of PPS and pay more to miners by sharing some of the transaction fees.

Harding: Undo revision 65499 by RunCPA (talk)

2018-06-25T21:49:58Z

Undo revision 65499 by RunCPA (talk)

← Older revision		Revision as of 21:49, 25 June 2018
Line 7:		Line 7:
	To provide a more smooth incentive to lower-performance miners, several pooled miners, using different approaches, have been created. With a mining pool, a lot of different people contribute to generating a block, and the reward is then split among them according to their processing contribution. This way, instead of waiting for years to generate 50btc{{Citation needed}} in a block, a smaller miner may get a fraction of a Bitcoin on a more regular basis.		To provide a more smooth incentive to lower-performance miners, several pooled miners, using different approaches, have been created. With a mining pool, a lot of different people contribute to generating a block, and the reward is then split among them according to their processing contribution. This way, instead of waiting for years to generate 50btc{{Citation needed}} in a block, a smaller miner may get a fraction of a Bitcoin on a more regular basis.

	A '''share''' is awarded by the mining pool to the clients who present a valid [[proof of work]] of the same type as the ~~[http://cryptodetail.com/what-proof-work-pow~~ proof of work] that is used for creating [[block\|blocks]], but of lesser difficulty, so that it requires less time on average to generate.		A '''share''' is awarded by the mining pool to the clients who present a valid [[proof of work]] of the same type as the proof of work that is used for creating [[block\|blocks]], but of lesser difficulty, so that it requires less time on average to generate.

	==Pooled mining approaches==		==Pooled mining approaches==

RunCPA at 14:50, 25 June 2018

2018-06-25T14:50:25Z

← Older revision		Revision as of 14:50, 25 June 2018
Line 7:		Line 7:
	To provide a more smooth incentive to lower-performance miners, several pooled miners, using different approaches, have been created. With a mining pool, a lot of different people contribute to generating a block, and the reward is then split among them according to their processing contribution. This way, instead of waiting for years to generate 50btc{{Citation needed}} in a block, a smaller miner may get a fraction of a Bitcoin on a more regular basis.		To provide a more smooth incentive to lower-performance miners, several pooled miners, using different approaches, have been created. With a mining pool, a lot of different people contribute to generating a block, and the reward is then split among them according to their processing contribution. This way, instead of waiting for years to generate 50btc{{Citation needed}} in a block, a smaller miner may get a fraction of a Bitcoin on a more regular basis.

	A '''share''' is awarded by the mining pool to the clients who present a valid [[proof of work]] of the same type as the proof of work that is used for creating [[block\|blocks]], but of lesser difficulty, so that it requires less time on average to generate.		A '''share''' is awarded by the mining pool to the clients who present a valid [[proof of work]] of the same type as the [http://cryptodetail.com/what-proof-work-pow proof of work] that is used for creating [[block\|blocks]], but of lesser difficulty, so that it requires less time on average to generate.

	==Pooled mining approaches==		==Pooled mining approaches==

Ash1ey: /* External links */

2017-12-11T06:48:14Z

External links

← Older revision		Revision as of 06:48, 11 December 2017
Line 67:		Line 67:
	* [https://bitcointalk.org/index.php?topic=1458.0 puddinpop's mining pool thread]		* [https://bitcointalk.org/index.php?topic=1458.0 puddinpop's mining pool thread]
	* [http://blockexplorer.com/block/00000000000233334b157d901714baf59e5b9236227b2878844e52244da4195e example puddinpop block]		* [http://blockexplorer.com/block/00000000000233334b157d901714baf59e5b9236227b2878844e52244da4195e example puddinpop block]
			* [https://www.bitpal.co.uk/bitcoin-mining-pool/ What is a Bitcoin Mining Pool?]

	==References==		==References==

Raize: /* External links */

2017-09-08T18:11:13Z

External links

← Older revision		Revision as of 18:11, 8 September 2017
Line 65:		Line 65:
	==External links==		==External links==

	* [~~http~~://~~www.bitcoin~~.org~~/smf~~/index.php?topic=1458.0 puddinpop's mining pool thread]		* [https://bitcointalk.org/index.php?topic=1458.0 puddinpop's mining pool thread]
	* [http://blockexplorer.com/block/00000000000233334b157d901714baf59e5b9236227b2878844e52244da4195e example puddinpop block]		* [http://blockexplorer.com/block/00000000000233334b157d901714baf59e5b9236227b2878844e52244da4195e example puddinpop block]

Kano: FPPS extra payout depends on the pool's settings which also depend on the network transaction fees at the time, so there is no specific range that can be defined

2017-05-10T18:38:44Z

FPPS extra payout depends on the pool's settings which also depend on the network transaction fees at the time, so there is no specific range that can be defined

← Older revision		Revision as of 18:38, 10 May 2017
Line 27:		Line 27:
	The Full Pay-per-Share (FPPS) approach, created by [[BTC.com]] team, aims to benefit miners from the high transaction fee. It will calculate a standard transaction fee within a certain period，add it into the block rewards (12.5 BTC every block for now) and then distribute the whole to miners according to PPS mode.		The Full Pay-per-Share (FPPS) approach, created by [[BTC.com]] team, aims to benefit miners from the high transaction fee. It will calculate a standard transaction fee within a certain period，add it into the block rewards (12.5 BTC every block for now) and then distribute the whole to miners according to PPS mode.

	This method keeps advantages of PPS and pay more to miners by sharing the transaction ~~fee. It will increase the miners' earnings by 3%-11%~~.		This method keeps advantages of PPS and pay more to miners by sharing some of the transaction fees.

	===Luke-Jr's approach ("[[Eligius]]")===		===Luke-Jr's approach ("[[Eligius]]")===

Alejandrobitcoin: fixed a mistake on the % for fpps

2017-03-27T10:34:18Z

fixed a mistake on the % for fpps

← Older revision		Revision as of 10:34, 27 March 2017
Line 27:		Line 27:
	The Full Pay-per-Share (FPPS) approach, created by [[BTC.com]] team, aims to benefit miners from the high transaction fee. It will calculate a standard transaction fee within a certain period，add it into the block rewards (12.5 BTC every block for now) and then distribute the whole to miners according to PPS mode.		The Full Pay-per-Share (FPPS) approach, created by [[BTC.com]] team, aims to benefit miners from the high transaction fee. It will calculate a standard transaction fee within a certain period，add it into the block rewards (12.5 BTC every block for now) and then distribute the whole to miners according to PPS mode.

	This method keeps advantages of PPS and pay more to miners by sharing the transaction fee. It will increase the miners' earnings by 7%-11%.		This method keeps advantages of PPS and pay more to miners by sharing the transaction fee. It will increase the miners' earnings by 3%-11%.

	===Luke-Jr's approach ("[[Eligius]]")===		===Luke-Jr's approach ("[[Eligius]]")===

Bit kevin: /* The Full Pay-per-Share approach */

2017-02-17T11:14:56Z

The Full Pay-per-Share approach

← Older revision		Revision as of 11:14, 17 February 2017
Line 25:		Line 25:
	===The Full Pay-per-Share approach===		===The Full Pay-per-Share approach===

	The Full Pay-per-Share (FPPS) approach, created by [[BTC.com]] team, aims to benefit miners from the high transaction fee. It will calculate a standard transaction fee within a certain period，add it into the block ~~reward~~ (12.5 BTC for now) and then distribute the whole to miners according to PPS mode.		The Full Pay-per-Share (FPPS) approach, created by [[BTC.com]] team, aims to benefit miners from the high transaction fee. It will calculate a standard transaction fee within a certain period，add it into the block rewards (12.5 BTC every block for now) and then distribute the whole to miners according to PPS mode.

	This method keeps advantages of PPS and pay more to miners by sharing the transaction fee. It will increase the miners' earnings by 7%-11%.		This method keeps advantages of PPS and pay more to miners by sharing the transaction fee. It will increase the miners' earnings by 7%-11%.

Bit kevin: /* The Full Pay-per-Share approach */

2017-02-17T10:17:57Z

The Full Pay-per-Share approach

← Older revision		Revision as of 10:17, 17 February 2017
Line 27:		Line 27:
	The Full Pay-per-Share (FPPS) approach, created by [[BTC.com]] team, aims to benefit miners from the high transaction fee. It will calculate a standard transaction fee within a certain period，add it into the block reward (12.5 BTC for now) and then distribute the whole to miners according to PPS mode.		The Full Pay-per-Share (FPPS) approach, created by [[BTC.com]] team, aims to benefit miners from the high transaction fee. It will calculate a standard transaction fee within a certain period，add it into the block reward (12.5 BTC for now) and then distribute the whole to miners according to PPS mode.

	This method keeps advantages of PPS and pay more to miners by sharing the transaction fee. It will increase the miners' earnings by 7%-9%.		This method keeps advantages of PPS and pay more to miners by sharing the transaction fee. It will increase the miners' earnings by 7%-11%.

	===Luke-Jr's approach ("[[Eligius]]")===		===Luke-Jr's approach ("[[Eligius]]")===

Bit kevin: /* The Full Pay-per-Share approach */

2017-02-17T03:37:09Z

The Full Pay-per-Share approach

← Older revision		Revision as of 03:37, 17 February 2017
Line 27:		Line 27:
	The Full Pay-per-Share (FPPS) approach, created by [[BTC.com]] team, aims to benefit miners from the high transaction fee. It will calculate a standard transaction fee within a certain period，add it into the block reward (12.5 BTC for now) and then distribute the whole to miners according to PPS mode.		The Full Pay-per-Share (FPPS) approach, created by [[BTC.com]] team, aims to benefit miners from the high transaction fee. It will calculate a standard transaction fee within a certain period，add it into the block reward (12.5 BTC for now) and then distribute the whole to miners according to PPS mode.

	This method keeps advantages of PPS and pay more to miners by sharing the transaction fee. It will increase the miners' earnings by 3%-5%.		This method keeps advantages of PPS and pay more to miners by sharing the transaction fee. It will increase the miners' earnings by 7%-9%.

	===Luke-Jr's approach ("[[Eligius]]")===		===Luke-Jr's approach ("[[Eligius]]")===