Replying to Avatar Keith Mukai

Braiins Pool is now FPPS (guaranteed regular payouts).

I had only mined in their previous PPLNS* system.

Braiins could go days without finding a block, so FPPS feels like an improved experience.

Statistically it shouldn't(?) make a difference which payout system you're in (assuming no pool shenanigans), but the guaranteed ongoing payout is psychologically more comforting.

I didn't realize that hashing credit would accrue every 5 min(?) or so. That's nice. If you popped in and hashed for 20 minutes and then shut down, you'd still get paid out for that span of work (unlike PPLNS where you could easily yield nothing, depending on luck).

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*(PPLNS: paid only when they find a block, highly variable, and your hash participation credit dwindles quickly if you stop hashing--i.e. you get nothing if you mined for a while but dropped out before the pool found the next block)
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BitcoinLizard 2y ago

I think this is the right move for Braiins and I hope they attract more hash as a result of the change.

The only downside I see is there is no way to accurately pay out the transaction fees since miners are paid proactively rather than based on the fees collected in a block. Those fees have been pretty material for a while now.

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B.O.P 2y ago

I heard they pay the average of fees

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Keith Mukai 2y ago

Yeah, when I was reading about FPPS in general, there was just a vague explanation that the transaction fee share is estimated over some time period.

Dunno if Braiins has published any info about how they estimate and share the fees (their link in the dashboard UI is a 404 right now).