Choosing between PPLNS and PPS payout methods for Litecoin and Dogecoin mining. Discover which is best for your Antminer L7 and maximize your earnings.
When it comes to mining cryptocurrencies like Litecoin and Dogecoin with the powerful Antminer L7, choosing the right payout method is crucial. Two popular options are PPLNS (Pay Per Last N Shares) and PPS (Pay Per Share). In this blog post, we will explore the differences between PPLNS and PPS payout methods, and provide insights to help you decide which option is better suited for your mining operation with Antminer L7.
Related reading: Best Scrypt Mining Pools for Bitmain Antminer L7
Table of Contents
PPLNS (Pay Per Last N Shares)
In this instance, profits will be distributed in accordance with the number of shares that miners contribute. The block mined out is closely related to this type of allocation technique. The miners will make a lot of money if the mining pool excavates several blocks in one day. However, if the mining pool is only able to mine one block all day, the miners will make no money at all.
Notably, the PPLNS model has a strong short-term correlation with a pool’s luck. The miner’s income will also decrease in line with a short-term decline in a mining pool’s luck factor (although the reversal is also possible). On the whole, luck tends to average out to the mean.
Due to the high likelihood of finding a block within the order time limit, this model is perfect for fixing orders on large pools. Alternatively, a standard order will keep miners connected for a longer period of time.
PPS (Pay Per Share)
PPS offers an instant flat payout for each share that is solved. Under this payment method, a miner gets a standard payout rate for each share completed. Each share is worth a certain amount of mineable cryptocurrency.
After deducting the mining pool fees, the miners are given a fixed income every day. Therefore, under the PPS mode, the returns are relatively stable. Miners are exposed to risk here. They may not get the transaction fees.
It is ideal for low-priced orders for an extended period. This model becomes lucrative during a bearish run of a particular coin.
Comparing PPLNS and PPS for Litecoin and Dogecoin Mining
- Reward Stability:
PPS offers greater stability, as miners receive a fixed reward for every share submitted, regardless of network difficulty or pool luck. This can be advantageous for miners seeking consistent and predictable earnings. PPLNS, on the other hand, may exhibit more variability in payouts, as they depend on the pool’s luck and the miner’s long-term contributions.
- Pool Luck Impact:
PPLNS payouts are influenced by pool luck, meaning that if the pool finds a block, the payouts can be higher, but if the pool experiences bad luck, the payouts may be lower. PPS, on the other hand, is unaffected by pool luck, providing a constant payout rate for each valid share.
- Mining Variability:
PPLNS rewards miners who have a stable and continuous mining operation, contributing shares consistently over time. If your mining setup experiences downtime or fluctuations, it may negatively impact your PPLNS earnings. PPS, on the other hand, offers a stable payout for each valid share, regardless of mining stability.
- Pool Fees:
It is essential to consider the pool fees associated with each payout method. Some pools charge higher fees for PPS, as it guarantees a fixed payout for each share. PPLNS pools typically have lower fees, as the payouts are influenced by luck and long-term contributions.
Conclusion
Choosing the right payout method for Litecoin and Dogecoin mining with Antminer L7 requires careful consideration of your mining setup, preferences, and goals. PPLNS provides higher payouts over time but can be more variable, depending on pool luck and long-term contributions. PPS offers stable and predictable earnings for each share submitted but may have higher pool fees. Assess your mining stability, risk tolerance, and desired income stream to determine whether PPLNS or PPS is the better option for your Antminer L7 mining operation.
FAQs
What is the Best Mining Pool for Antminer L7?
Best Scrypt Mining Pools For Bitmain Antminer L7
- LitecoinPool.org – Best Litecoin Pool
- ViaBTC.com – Best for One-Stop Mining Services
- AntPool – Best for A Wide Range of Tools
- BTC.com – Best for Low Withdrawal Fees
- Zergpool – Best for Multiple Mining Options
- ProHashing.com – Best for Multiple Cryptocurrencies
Which is Better Solo Or Pool Mining?
In solo mining, a miner uses their own computational resources to validate blocks and receives the full block reward if they are successful. Solo mining has a lower probability of finding a block and earning a reward compared to pool mining.
Read more: Solo VS Pool Mining With Antminer L7: Which Can Be Profitable
