What is rewarding system?

Mining bitcoin and other cryptocurrencies can be quite a lucrative business, assuming one can find the mining pool to suit their needs. Every mining pool has its rewarding system and payout structure. 

1. PPLNS

PPLNS (Pay Per Last N Shares) is calculated by miners’ hashrate proportion in the pool when blocks are found. With PPLNS, miners’ payout is closely connected to blocks found. 

2. PPS

PPS (Pay Per Shares) pays block reward theoretically by miners' hashrate proportion in the pool. Different from PPLNS, mining pools using PPS rewarding system take the risk for miners when there is no block found.

3. PPS+

PPS+ pays separately. It pays block reward theoretically by miners' hashrate proportion like PPS does and pays transaction fee when blocks are found. 

4. NovaPPS+

NovaPPS+ is the most guaranteed rewarding system for users that Pays Per Share. Each pay consists of both block reward (12.5 BTC for now) and fees from transactions contained in the blocks.

Different from PPS, NovaPPS+ pays transaction fees. The reward for NovaPPS+ users is 10% higher than those who use PPS rewarding system.

Comparing with PPS+ and PPLNS, NovaPPS+ is more stable because both block reward and transaction fees are paid based on users’ theoretical hashrate rewards. Users can still be paid even if there is no block found from mining pools.

Your profit is always our priority. The pool fee of NovaBlock mining pool is 3.5%. And NovaBlock uses NovaPPS+ rewarding system to bare your risks. Bad luck will never affect your profit. And the transaction fee is always yours.