PPS
PPS is a payout scheme where the pool pays a fixed amount for every accepted share, whether or not it found a block.
What PPS is
The name stands for pay per share. The pool calculates what one share is worth on average at the current difficulty and block reward, and pays that amount right away. Whether its luck with blocks was good or bad is not your concern.
The pool carries the risk under this scheme, and it prices that into the fee: PPS usually charges more than PPLNS. In return you get a steady income you can calmly compare against the electricity bill.
Pure PPS has one quirk people often discover late: transaction fees are not included, only the issuance gets paid. That is exactly why FPPS appeared, adding a slice of the fees to the payout. On Bitcoin today FPPS is the more common of the two.
Quick reference table
| Stands for | pay per share |
| Pays for | every accepted share |
| Transaction fees | not included, that is the difference from FPPS |
| Who carries the risk | the pool, hence the higher fee |
| Who it suits | anyone who wants predictable income |
What it means in practice
The payout barely moves: it depends on your hashrate, the difficulty, and the reward, not on how lucky the pool got this week. For one or two asics that is convenient, because the monthly income becomes predictable.
The flip side is that in the pool's lucky weeks you get nothing extra. Over a long stretch the difference between schemes is small, so pick by the fee and the minimum payout amount, not by promises.
Example
An Antminer S21 at 200 TH/s on a PPS pool will receive roughly the same amount every day until the difficulty or the price moves. On FPPS the same asic earns a bit more on the network's busy days thanks to the fees.
Related terms
Where to go next on the site
Hardware
- Antminer S21 tool
Coins
- Bitcoin coins
Numbers
Questions and answers
How is PPS different from FPPS
PPS pays for the issuance only, FPPS adds a slice of the transaction fees. All else being equal FPPS pays better, and on Bitcoin it is the more common choice.
Why is the PPS fee higher
The pool guarantees the payout whether or not it found blocks, meaning it takes the risk on itself. That insurance is built into the percentage.
Is PPLNS more profitable
Sometimes slightly, if you sit on one pool for months. If you hop between pools, PPLNS punishes that harder than any other scheme.
How the terms connect
Every link in the chain is clickable. Orange marks where you are now.
Looking for an ASIC miner
The catalog holds 212 models. You can compare them by hashrate and by joules per terahash, then plug your own rate into the calculator and see what stays in your pocket.
Page written and checked by Denys Klimchuk. Updated .