What is the meaning of FPPS in the context of cryptocurrency mining?

3 answers

• Pankaj GoswamiOct 05, 2022 · 3 years ago
  FPPS stands for Full Pay Per Share, which is a payment method used in cryptocurrency mining pools. In FPPS, miners are paid a fixed amount for each share they contribute to the pool, regardless of whether the pool finds a block or not. This means that miners receive a stable income, as they are rewarded for their work regardless of the pool's luck in finding blocks. FPPS is beneficial for miners who prefer a predictable and consistent payout, as it eliminates the variance associated with other payment methods. It also incentivizes miners to stay in the pool, as they are guaranteed to be paid for their efforts. Overall, FPPS is a popular payment method in cryptocurrency mining pools due to its stability and fairness.
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• Juicy TTYFeb 20, 2023 · 2 years ago
  FPPS, or Full Pay Per Share, is a payment model used in cryptocurrency mining pools. In FPPS, miners are paid a fixed reward for each valid share they contribute to the pool. This means that even if the pool does not find a block, miners still receive a payout based on the number of shares they submitted. FPPS is different from other payment models, such as PPS (Pay Per Share) or PPLNS (Pay Per Last N Shares), which may have variable payouts depending on the pool's luck in finding blocks. FPPS provides miners with a more stable and predictable income, making it an attractive option for those who value consistency in their mining rewards.
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• Graves MedeirosSep 27, 2021 · 4 years ago
  FPPS, also known as Full Pay Per Share, is a payment system used in cryptocurrency mining pools. It ensures that miners are paid a fixed amount for each share they contribute to the pool, regardless of whether the pool finds a block or not. This payment method eliminates the risk of miners not being rewarded for their work, as they receive a consistent payout for their efforts. FPPS is particularly beneficial for small-scale miners who rely on regular income from mining, as it provides them with a stable source of revenue. Additionally, FPPS encourages miners to stay in the pool, as they are guaranteed to be paid for their contributions. Overall, FPPS is a fair and reliable payment system that offers stability and security to miners in the context of cryptocurrency mining.
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