PPLNS (Pay Per Last N Shares) is a payout method for mining in a cryptocurrency pool. This method, popularized in the crypto and blockchain world, offers a way for miners to get paid for their contribution to the pool’s hashing power.
For instance, in the first half of 2021, Bitcoin miners around the globe received over $68 million in PPLNS rewards, reflecting the growing interest in this payout strategy.
Background or History of PPLNS
The advent of PPLNS dates back to the early days of Bitcoin mining, where miners sought more flexible payout methods that would pay them fairly for their contributions. As the crypto landscape evolved, so did the need for an efficient payout method that factors in miners’ effort rather than just their luck, leading to the development of PPLNS.
Use Cases or Functions of PPLNS
PPLNS serves one main function: to distribute mining rewards among pool participants based on their contribution to the total shares. It is primarily designed for long-term miners, as it discourages pool hopping and promotes consistent and fair mining.
Impact of PPLNS on Market, Technology or Investment Landscape
PPLNS has introduced a sense of fairness in the distribution of mining rewards, altering the mining landscape. It encourages miners to stick to one mining pool, thereby reducing the volatility of pool hashing power and providing more steady and predictable returns for miners and pools alike.
| Year | PPLNS Reward (in Million USD) |
|---|---|
| 2019 | 35 |
| 2020 | 50 |
| 2021 | 68 |
Latest Trends or Innovations
Today, PPLNS is being enhanced with various innovative features. Some mining pools now offer PPLNS with a twist, incorporating both traditional and unique methods of calculating mining rewards to better cater to the requirements of different types of miners.
An example might include the integration of PPLNS model into the MEXC platform to provide a more streamlined user experience.
Conclusion
In conclusion, the advent of PPLNS marked a significant milestone in the cryptocurrency mining landscape. This model is not only ensuring fairer distribution of mining rewards, but also shaping the future of blockchain technology, making it more accessible and profitable for miners. The PPLNS model continues to be an integral part of the blockchain and cryptocurrency industry.
Join MEXC and Start Trading Today!
