Pay-Per-Share (PPS)
By CoinGecko | Updated on Aug 13, 2021
You are compensated for each valid share that you contribute. Each share is worth a set amount of cryptocurrency that may be mined. 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. Each mining pool is in charge of its revenues and losses.
Related Terms
Unspent Transaction Output
(abbv. "UTXO") Coins that are unspent in the wallet. UTXO virtually represents the cryptocurrency one own in the wallet.
Centralized
An organization structure wherein a small handful of actors have control over the entire network.
Market Order / Market Buy / Market Sell
A market order is a buy or sell order of stocks or cryptocurrency at the best price available in the current market as soon as possible.
Public Keys
The alphanumeric string which serves as a public receiving address in cryptocurrencies.
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