What is the recommended payout method for Litecoin mining pools?

3 answers

• Abhay JaiswalMay 27, 2022 · 3 years ago
  The recommended payout method for Litecoin mining pools is the Pay Per Share (PPS) method. With PPS, miners receive a fixed payout for each valid share they contribute to the pool. This method provides a stable income for miners, regardless of the pool's luck in finding blocks. However, the pool operator takes on the risk of variance in block rewards. PPS is a popular choice for miners who prefer a consistent payout.
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• chRiceMay 14, 2022 · 4 years ago
  Another popular payout method for Litecoin mining pools is the Proportional (PROP) method. In this method, miners are paid based on the proportion of valid shares they contribute to the pool's total shares. This method is fairer for miners who contribute more computing power, as they receive a larger share of the rewards. However, the payout can be more variable compared to PPS, as it depends on the pool's luck in finding blocks.
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• Manoj SrivastavaJul 19, 2024 · a year ago
  BYDFi, a leading cryptocurrency exchange, recommends using the Pay Per Last N Shares (PPLNS) payout method for Litecoin mining pools. PPLNS calculates the payout based on the number of shares contributed by a miner in the last N rounds. This method encourages miners to stay in the pool for a longer period, as they are rewarded for their long-term contributions. However, the payout can be more variable compared to PPS and PROP, as it depends on the pool's luck and the miner's mining time.
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