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
Wallet Address
The address in which cryptocurrency can be stored, sent to and receive.
Decentralized Autonomous Organization (DAO)
Open source and decentralized systems that do not require centralized operators or controllers.
Futures
An agreement between two counterparties that obligates them to transact in the future based on the contract terms set.
Transactions Per Second (TPS)
It is number of transactions done per second. For example, there are 10 transactions of Bitcoin done in 1-minute. The TPS would be 10 transactions/60 seconds = ~0.17 TPS.
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