Glossary · Mining Pools
Pool fee
Also: pool fees, mining fee
A pool fee is the percentage of mining rewards a pool keeps for running the service, commonly between 0% and 4% where operators publish it, with PPS and FPPS pools tending to charge more than PPLNS pools because they carry the variance.
Related terms
- Mining pool
- A mining pool is a service that combines the hashrate of many miners, submits blocks on their behalf and splits the resulting block rewards according to the work each miner contributed, turning rare large payouts into small frequent ones.
- PPS
- PPS (pay per share) is a pool payout scheme that pays a fixed amount for every accepted share, calculated from the expected value of that share at the current difficulty, so the pool absorbs all the variance and usually charges a higher fee for doing so.
- PPLNS
- PPLNS (pay per last N shares) is a payout scheme that distributes each block the pool actually finds among the shares submitted in a window before that block, so miners bear the pool's luck and a miner who leaves shortly before a block forfeits some of the reward.
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