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I've been casually reading about different mining pool payouts for the last week or two. In general, the consensus seems to be that PPS (and its variants like FPPS and PPS+ etc) are bad because it requires financial engineering (no block needs to be found to get paid) and is more centralizing because it benefits from scale even more than normal hashrate pooling. (At least that's my understanding. So I wouldn't hash on one, but most miners do use a PPS pool.)
NiceHash has a slightly different model they call RTPPS where third parties buy the hashrate from miners pointed to their pool, then redirect that hash to wherever the third party buyer wishes. So it's kind of like a hash market, where buyers can come in and provide the funds to provide miners with PPS style payouts in return for giving the buyer the choice of where to deploy the hash. As a result, this market brings, according to NiceHash at least, a meaningful difference in revenue for miners.
Anyway, I thought that was interesting and wanted to share.
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I found nice hash harder to work with when I was starting up, so I ended up going with braiins. That was prior to their switch to FPPS. I would like to switch to something like solo ck pool but I would need to roll my own monitoring, which I haven’t had the time to do. I like that Braiins emails me if something is up with one of my workers so I can fix it.
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Do you remember how you were deciding which pool to use? What influenced you decision to choose NiceHash at first? Then why was Braiins your fallback vs other things?
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I made a bunch of notes, but I don’t have them handy. I’ll see if I can find them.
Off the top of my head, I compared payout schemes, KYC requirements, payout method (on chain vs lightning), usability of the platforms, platform fees, etc.
I’m not sure NiceHash was the leader, but I tried it briefly before sticking with Braiins. It was also a bit of sunk cost at a certain point, given the withdrawal minimums.
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Found the notes. I was mostly correct. These are the details I looked for:
  1. payout threshold
  2. payout schemes
  3. fees
Surprisingly, there is a decent amount of variation.
In my notes, I had details for ANTPOOL, f2pool, ViaBTC, and Luxor. Presumably I took notes on Braiins and NiceHash elsewhere, but I don't see that now.
The notes:
NameWebsitePayment Scheme(s)Payout ThresholdFees
ANTPOOLhttps://www.antpool.com/homePPLNS, FPPS0.005 BTC (500,000 sats) https://www.antpool.com/homePPLNS: 0%, FPPS: 4%: https://www.antpool.com/home
f2poolhttps://f2pool.ioPPS+0.005 BTC (500,000 sats) https://f2pool.io/mining/support/#fees-and-thresholdsPPS+: 2.5% https://f2pool.io/mining/support/#fees-and-thresholds
ViaBTChttps://www.viabtc.com/PPS+, PPLNS, SOLO0.001 BTC, (100,000 sats) https://support.viabtc.com/hc/en-us/articles/7207459672207-How-to-set-up-Min-payment-for-Auto-Withdrawal-PPS+: 4% block reward, 2% TXN Fee; PPLNS: 2%; SOLO: 1% https://www.viabtc.com/pricing
Luxorhttps://luxor.tech/mining/coins/btcPPS0.001 BTC https://support.luxor.tech/rewards-payouts-pool-payout-thresholdPPS: 2.5% https://luxor.tech/mining/coins/btc
I can't speak to the accuracy of these now. It's been a while since I did this research.
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