There are 3 payment methods available on ViaBTC which are PPS+(default), PPLNS, and SOLO.
What do they mean? How does the fee rate differ?
PPS+ (Pay Per Share Plus) is an enhancement of the conventional PPS method, with an additional allocation of transaction fees. With PPS+, the pool pays the miners for each valid share they submit – like the pool is hiring them, and therefore miners will enjoy a stable payout. The pool bears all the risks of bad luck and orphaned blocks, hence a higher fee. Transaction fees will be allocated to miners by PPLNS as below.
PPLNS (Pay Per Last N Shares) is calculated by the proportion of miners’ hashrates in the pool’s total in the last N difficulty rounds when a block is found. Transaction fees will be allocated to miners too. The pool charges a small fee for daily operation and maintenance. With PPLNS, miners’ payout is connected to blocks found. Miners may face unstable yields but in the long run, they will enjoy higher payouts.
SOLO all block reward will be allocated to the miner who mined the block. The pool charges a small fee for daily operation and maintenance.
You may choose the payment method that suits you the most.
Please visit Fees for more information.
How can I switch to a different payment method?
You can set the payment method for mining via [Settings] - [Mining Setting] - [Payment Method] to choose different modes.
Does the modification take effect immediately?
No, it does not. It comes into effect within 10 minutes. Please note that the payment method can only be modified once within 24 hours.