There are 3 payment methods available in ViaBTC - PPS+, PPLNS, and SOLO. Before understanding these methods, miners need to know about the components of cryptocurrency profit first.
The mining profit generally consists of two parts - the block reward and the miner fees (transaction fees).
*Mining a block: When miners help create a new block, they will get rewards. This process of updating the public ledger is called mining a block.
*Miner fees: Miners are the special pieces of hardware that confirm and secure transactions on the network. Miner fees pay miners for the service they provide.
PPS+ (Pay Per Share+)
PPS+ (Pay Per Share Plus) is an enhancement of the conventional PPS method, with an additional allocation of miner fees. PPS+ is one of the most popular payment methods.
*PPS: Miners are compensated for each valid share that they contribute. Regardless of whether the pool detects a block or not, miners will always get compensated using the PPS payment method. In other words, miners sell their hashrate to a mining pool for a fixed income.
PPS+："+" means miner fees that the mining pool obtained. Under PPS+, miners are paid not only by the pool for each valid share that they submit to the pool, but a portion of the transaction fees that their pool finds (in practice, not In theory) based on a PPLNS method.
Since the mining pool takes the risk of variance (luck) and orphaned block, so it charges a relatively high fee.
Suitable for: Miners who pursue stable income.
PPLNS (Pay Per Last N Shares)
With PPLNS, miners’ payout is related to the blocks mined out actually. Under PPLNS (Pay Per Last N Shares), the profits are calculated based on the number of shares miners contributed to the pool in the last N difficulty rounds whenever a block is found. Meanwhile, miner fees will be allocated to miners, too.
Since under PPLNS the allocated coins are actually mined by the mining pool, and the amount of coins is affected by the luck, the profit is allocated with fluctuations to miners. The mining pool simply provides pool services, and does not bear the risk of orphaned blocks and low luck (blocks fall short of prediction), hence the miner fee is relatively low. From a long-term perspective, the profits that miners obtain under PPLNS and PPS+ are similar.
Suitable for: Miners who can take a certain risk of low luck.
Solo mining implies that a single miner independently conducts and executes the mining process. The miner will obtain the full block reward (after deducting the transaction fee), if he mines out a block; the miner will obtain nothing, if he doesn't mine out any block. SOLO requires a great number of hashrate.
Suitable for: Miners who have high hashrate.
Actual profits are affected by luck and market volatility. You may choose the most suitable payment method according to your needs. And you can go to [Mining Settings] at [Pool] page and click [Change payment method] to modify the mode.
ViaBTC pool will charge different proportions of fees varying from different mining modes. Please visit Fees for more information.