Full-Pay-Per-Share (FPPS)

Full-Pay-Per-Share (FPPS) is a mining reward method used in some cryptocurrency mining pools. It is designed to provide more consistent and predictable payouts to miners based on their mining contributions, regardless of whether or not a block is found.

In the FPPS model, miners are paid a fixed reward for each share they contribute to the mining pool, regardless of the pool’s luck in finding a block. A share represents a portion of work done by a miner in attempting to find a valid block solution. Each share has a specific difficulty level that determines its value.

Unlike other mining reward methods such as Pay-Per-Share (PPS), where miners are paid based on the pool’s luck in finding blocks, FPPS guarantees a payout for every share submitted by a miner. This means that even if the mining pool has a long streak without finding a block, miners will still receive payouts based on the number of shares they contributed.

FPPS is considered to be a fair and transparent reward system because miners are paid for their work regardless of the pool’s performance in finding blocks. It provides miners with a more stable income stream and reduces the variance in payouts compared to other reward models.

However, it’s important to note that FPPS may come with higher fees compared to other reward methods since the pool operators need to account for the fixed payouts to miners. Miners should also consider other factors such as the reputation and reliability of the mining pool when choosing a suitable mining strategy.

Overall, FPPS is one of the various mining reward methods available, and miners should carefully evaluate the pros and cons of each method based on their individual preferences and circumstances.