PPLNS Pay Per Last N Shares
Rewards based on shares submitted in a rolling window before a block is found. Miners share pool luck.
✓ Lower pool fees✗ Variable income✗ Luck-dependent
PPS Pay Per Share
Fixed payout per share submitted, regardless of whether pool finds a block. Pool absorbs luck variance.
✓ Predictable income✓ No luck risk✗ Higher fees (~4%)
FPPS Full Pay Per Share
PPS model that also includes average transaction fees, not just block subsidy. Most popular modern method.
✓ Predictable + fees✓ Best of both✗ Requires large pool