There are 3 payment methods available in ViaBTC: PPS+, 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 miner fees. Under PPS+ mode, the pool pays the miners according to each valid share they submit – just like the pool is hiring miners, and they will enjoy a stable payout. As miners do not bear the risk, the mining pool bears all risk of bad luck and orphan blocks, hence high fees are charged relatively. Miner fees will be allocated to miners via PPLNS method as below.
Under PPLNS (Pay Per Last N Shares), the profits are calculated based on the number of shares miners contribute in the pool in the last N difficulty rounds whenever a block is found. Meanwhile, miner fees will be allocated to miners, too. The pool charges a relatively small fee for daily operation and maintenance. With PPLNS, miners’ payout is related to blocks mined out. Therefore, miners may face unstable yields, but they will enjoy higher profits in the long term.
If users choose SOLO payment method, all of block rewards will be allocated to the miner who mined the block independently. The pool charges a very small fee for daily operation and maintenance.
You may choose the most suitable payment method according to your needs.
ViaBTC pool will charge different proportions of handling fees varying from different mining modes. Please visit Fees for more information.
How can I switch to a different payment method?
1. Go to www.viabtc.com and click [Mining Settings] on [Pool] page.
2. Click [Change payment method] to modify different modes.
Does the modification take effect immediately?
No, it doesn't. It comes into effect within 10 minutes.
Please kindly note that the payment method can only be modified once within 24 hours.