PPLNS is a way
of determining how many cryptocoins you get for your shares completed.
This method of calculating payouts includes a «luck» factor. Using PPLNS
your payout per share will have a large range (30% more or less on your
payouts), but on average, PPLNS earns more than PPS (by 5% or so) in
the long run (a month or more).
pay-per-last-N-shares, where N is some number. What this does is
essentially cap the timeframe for which the percentage is calculated.
So, if the round was 5 hours and it took 1000 hashes but the PPLNS was
set to 1 hour, and you were some pool hopper that mined for an hour in
hour #2 with 900 hashes, you get nothing.
PPS is also
known as Pay Per Share. It is a more direct method where you get a
standard payout rate for each share completed.This method eliminates the
«luck» in your payout, but can decrease your total income per share by
around 5%.Using PPS you get a set number of cryptocoins per share of
work you have solved. It has no random involved so the payouts do not
PPS is pay per
share, usually round-based. So, if a round (i.e., the time between last
block was found and new block found) took 1000 hashes and took 5 hours
and you, the miner, contributed 100 hashes, you can 10% of the block
reward. So if the round was 5 hours and it took 1000 shares but the
PPLNS was set to 1 hour, and you were some pool hopper that mined for an
hour in hour #2 with 900 shares, you get 90% even though you stopped
mining with the pool.