What is FPPS and PPLNS?
FPPS and PPLNS are the two common ways mining pools pay. FPPS pays a fixed amount for every share, fees included; PPLNS pays out only when the pool actually finds blocks.
How it works
Under Full Pay Per Share the pool pays the expected value of each share whether or not it finds a block, and takes the risk itself, for a higher fee. Under Pay Per Last N Shares a found block is split among the most recent shares, so income follows the pool's luck.
Why it matters
FPPS gives predictable revenue, which lenders and public miners prefer. PPLNS has lower fees and can pay more or less over any short period.
Related terms
All terms: the Bitcoin mining glossary.
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