How does FPPS pay miners?
Every share is worth the same slice of an average block. A share proves a known amount of work, so the pool knows how many shares it takes on average to find a block. It divides the expected block reward by that number and pays it out per share, minus its fee.
The “full” part is the fees. Plain PPS pays only for the new bitcoin in each block (the subsidy). FPPS adds the average fees from recent blocks too, often worked out over the previous day. Payouts land on a schedule, often daily, even if the pool had an unlucky day and found fewer blocks than expected.
What does that look like for one machine?
A 200 TH/s machine is expected to earn about 0.00009531BTC a day at today’s network hashrate and block reward (live estimate, updated hourly). With an example pool fee of 2.5%, FPPS pays about 0.00009293BTC for that day, whatever the pool’s luck.
| Scheme | Pays for | Who carries the luck |
|---|---|---|
| PPS | Subsidy per share | The pool |
| FPPS | Subsidy and average fees per share | The pool |
| PPLNS | Real blocks the pool finds | The miners |
Good to know
A pool paying FPPS needs a large reserve to cover dry spells, so it usually charges a higher fee than a PPLNS pool. Steady pay is only as good as the pool that owes it, which is why miners also look at a pool’s size and track record. Many of the largest pools pay FPPS.
Sources
- Comparison of mining pools: reward types explained · Bitcoin Wiki
- Pooled mining · Bitcoin Wiki
- Mining guide: solo and pool mining · Bitcoin developer documentation
Live figures on this page come from the CloudMineCrypto API and public chain data, refreshed regularly, and are labelled where they appear. Educational only, not financial advice.