What is bitcoin mining calculator pps
PPS is short for "pay-per-share" reward system. This means that the miner will receive a reward get paid for each valid contributed share. There are some other proportional reward systems, where not all miners who contribute get paid, but NiceHash only uses PPS.
The NiceHash stratum engine implements an innovative algorithm, which detects the shares' validity and the pool's stability. When a seller submits their work a share to NiceHash, it is validated by our stratum engine and what is bitcoin mining calculator pps. A If a share is validated by our engine, but is rejected by the buyer's pool by stratum protocol definitionthis means that there is something wrong with the pool whether it's misconfigured, using the wrong algorithm, or has temporary micro issues and the provider's work was valid.
In this case, the provider gets paid for the work they provided. So, in this case, it is the buyer's responsibility to switch to other pools. However, if the provider's rig is misconfigured and is producing some not necessarily all invalid sharesthese shares are detected by our engine and for those shares, the provider doesn't get paid and the buyer doesn't pay for thembecause it's the provider's responsibility to provide properly configured and stable what is bitcoin mining calculator pps rigs.
B Our engine additionally checks the responsiveness of the buyer's pool. When a buyer's pool becomes unresponsive pool being DDoSed, pool is having performance issues, etc. This detection is much faster than ordinary mining software detection cgminer, etc. The buyer can set multiple orders with multiple pools and thus ensure that the majority of their orders will get processes, even if some of the pools are unstable. C Some buyer's pools generate lots of work restarts.
This is usually a symptom of coins with very low difficulty or multipools, which are switching coins very fast and don't have an efficient implementation of coin switching. In some cases, this is also a result of some custom private pools. Excessive work restarts reduce the miner's efficiency, especially with fast ASIC miners with what is bitcoin mining calculator pps controllers. We have addressed this issue by rewarding providers sellers with extra shares, paid by buyers, when fast work restarts occur.
What is the PPS reward system? How exactly does pay-per-valid-share and get-paid-per-valid share what is bitcoin mining calculator pps General help How to start as a seller? What is happening with your computer when you are selling the hashing power?
What is hashing power and why would anyone buy it? Is what is bitcoin mining calculator pps hardware supported? How to check which graphics card GPU do I have? How much can you earn? What is the service fee for sellers? How can you use earned Bitcoins? Why has your balance or profitability decreased? Why has the estimated payout date changed? Can you transfer funds from external wallet to internal wallet?
How to properly use and understand Profitability calculator Your wallet provider changed your BTC address. What can you do? Can you change your BTC address? Why did your mining balance drop to 0? Is it better to choose NiceHash wallet or an external wallet provider?
Mining Which Stratum servers are available? How can you choose the optimal NiceHash stratum server? Where can you see your mining status? Why are you getting rejected shares? Is it normal that the speed jumps up and down?
What happens when there are no orders? What if your hardware is not listed in the profitability calculator? Can you mine only when the price is attractive enough? Why are there no devices shown in NiceHash Miner?
Why is your what is bitcoin mining calculator pps online different than in NiceHash Miner? Is NiceHash Miner a virus? Will you lose your balance if you turn off or update NiceHash Miner or if you shut down or restart your PC?