BraiinsPool completes move to FPPS today
2116 sats \ 2 comments \ @WeAreAllSatoshi 12 Dec 2023 bitcoin
This has already been discussed heavily, but I wanted to point out that today, BraiinsPool's migration to FPPS from PPLNS has been completed.
One change I noticed, but wasn't expecting, is the minimum payout requirements have also changed:
Minimum payout threshold (min withdrawal amount) 0.0002 BTC Payout fee (only for payouts under 0.005 BTC) 0.0001 BTC
Source
This is an improvement from the prior 100,000 sats minimum, with a 10,000 sats fee for payouts less than 1,000,000 sats.
You can read more about how they calculate FPPS here.
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0 sats \ 1 reply \ @DesertDave 12 Dec 2023
I have mined with braiins in the last and I have used pools that use FPPS. I like the consistency of the rewards when using FPPS. But as I understand it, with this method the pool is a tong like a bank and predicting payouts before they happen. Is that right? I have been trying ocean lately. I am never sure what the best pool is. I am just glad there are options.
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44 sats \ 0 replies \ @WeAreAllSatoshi OP 12 Dec 2023
More or less. They are trying to pay out on a consistent basis, which means on the days where the pool find more blocks than average, the pool operator holds the extra funds. While on the days where the pool finds fewer blocks than average, the consistent payout should be made possible by reserve funds accumulated on days with higher than average block findings.
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