PPS — Pay Per Share
Updated May 2026
What Is PPS?
Pay Per Share (PPS) is a mining pool payout scheme where the pool pays miners a fixed, predetermined amount for every valid share they submit. It doesn't matter whether the pool actually finds a block or not — you get paid for your work immediately.
Under PPS, each share has a fixed value calculated by the pool based on the current network difficulty and block reward. The pool operator effectively "buys" your shares from you at a known price and keeps any block rewards they find as compensation for taking on the variance risk.
How PPS Works
1You submit shares to the pool's stratum server as your miner hashes.
2The pool validates each share and credits your account at a fixed rate per share.
3Your balance grows steadily throughout the day — no waiting for block discoveries.
4When you hit the minimum payout threshold, the pool sends you your earnings.
5The pool keeps any block rewards and transaction fees it finds. This is how they afford to pay you regardless of luck.
PPS Pros & Cons
Pros
- Predictable, steady income — great for budgeting
- No variance risk — you earn the same whether the pool is lucky or unlucky
- Simple to understand — no complex luck calculations
- Ideal for miners who need consistent cash flow
Cons
- Higher pool fees (typically 2-4%)
- You don't receive transaction fee rewards directly
- If the pool goes bankrupt from bad luck, you might not get paid
- Pool operators need large reserves to sustain unlucky streaks
PPS Pool Examples
| Pool | Fee | Scheme |
|---|---|---|
| AntPool | 3.0% | PPS |
| Binance Pool | 3.0% | PPS |
| DxPool | 1.0% | PPS |
| F2Pool | 1.0% | PPS |
| Kryptex | 3.0% | PPS |
FAQ
About PPS payouts
What is PPS in mining pools?
PPS (Pay Per Share) is a pool payout scheme where miners receive a fixed amount for every valid share they submit, regardless of whether the pool finds a block. The pool operator absorbs all variance risk and typically charges higher fees (2-4%) to compensate.
Why are PPS pool fees higher?
PPS pools charge higher fees because they take on significant financial risk. They must pay miners for every share even during unlucky streaks when no blocks are found. To sustain this, they need large reserves and charge 2-4% fees compared to 0.5-2% for PPLNS.
Is PPS the most stable payout method?
PPS provides very stable block reward income, but FPPS is even more stable because it also includes transaction fees at a fixed rate. PPS is ideal for miners who need predictable daily income to cover electricity and hosting costs.
Do PPS pools pay transaction fees?
Basic PPS pools typically do not pay transaction fees to miners. The pool keeps tx fees as part of their revenue to sustain the fixed payout model. If you want tx fee rewards with stable income, consider PPS+ or FPPS instead.