Prop is great when you get quick blocks, but it will only take a very long block or two to make you wonder why you didn't switch to PPS. Also, PPS doesn't have the hopper issue of your share of short rounds going down. Currently, you need medium sized blocks so that you can reclaim your share after the hoppers leave. In PPS, it doesn't matter.
Also, there are many variants and combinations of these two types. The pool that I currently mine in uses PPLNS, which I like quite a lot. You should explore some of the other types as well. There are quite a few.
Topic: Help me re-evaluate my setup - PPS or PROP (Read 2165 times)
Aaahem,
what is PPS and what is PROP Pool?
Link plz for definition
Pay Per Share vs. PROPortional payouts from Pooled Mining.what is PPS and what is PROP Pool?
Link plz for definition
https://en.bitcoin.it/wiki/Pooled_mining
Aaahem,
what is PPS and what is PROP Pool?
Link plz for definition
Michael
what is PPS and what is PROP Pool?
Link plz for definition
Michael
I keep reading that everyone swears by PPS Pool mining payouts, but I have never done it in a Pool. I have been mining for a couple months now and have only really ever experienced the payouts from PROP Pools.
Lately, I have been averaging things out and even though the Mob says "Prop is for fools, PPS is a no brainer" (paraphrasing of course), I just can't see how I can make more using PPS ?
On average, I generate roughly 2400+ shares/hour (based on a week or so of data). I also belong to an EXTREMELY lucky, smaller pool that offers both payment types, but I have been rather hesitant to switch over to PPS because the math just doesn't add up....for me anyways....and I am quite happy with things the way they are - but payment type chatter/speculation is contagious and spreads like wildwire...lol
On an average day of mining for me, I am by no means a 'heavy hitter' and actually get my ass kicked on shorter rounds, but after an hour, when the pool jumpers all leave, I have enough power to re-claim a decent amount of value for my shares and often times, see my end-round payouts actually double+ (if that makes sense) when comparing shorter 1hr-or-less rounds to 2+ hour rounds. Because of this, even though I am using PROP payment, I still benefit just as if I were using PPS in longer rounds, which is why I haven't felt the need to do anything different up until now.
Could someone who has crossed this bridge already perhaps chime in and help me out ?
Cheers,
Allan
Lately, I have been averaging things out and even though the Mob says "Prop is for fools, PPS is a no brainer" (paraphrasing of course), I just can't see how I can make more using PPS ?
On average, I generate roughly 2400+ shares/hour (based on a week or so of data). I also belong to an EXTREMELY lucky, smaller pool that offers both payment types, but I have been rather hesitant to switch over to PPS because the math just doesn't add up....for me anyways....and I am quite happy with things the way they are - but payment type chatter/speculation is contagious and spreads like wildwire...lol
On an average day of mining for me, I am by no means a 'heavy hitter' and actually get my ass kicked on shorter rounds, but after an hour, when the pool jumpers all leave, I have enough power to re-claim a decent amount of value for my shares and often times, see my end-round payouts actually double+ (if that makes sense) when comparing shorter 1hr-or-less rounds to 2+ hour rounds. Because of this, even though I am using PROP payment, I still benefit just as if I were using PPS in longer rounds, which is why I haven't felt the need to do anything different up until now.
Could someone who has crossed this bridge already perhaps chime in and help me out ?
Cheers,
Allan
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