New Era

Bitcoin

In a significant move for the cryptocurrency mining community, Slush Pool, one of the oldest and most influential mining pools, has transitioned to the Full Pay-Per-Share (FPPS) payment model. This change is seen as a major shift in how miners are rewarded for their contributions to the network, according to <a href="https://twitter.com/hash_bender/status/1727528510879903869" rel="noopener noreferrer nofollow">hash_bender</a>.&nbsp;&nbsp;
NickH, an active voice in the crypto mining world, took to social media to announce this development with a catchy phrase, "Welcome to paintown." This statement encapsulates the sentiment of unity and progression among miners as they adapt to this new payment structure.
The FPPS model offers a more predictable and stable payout for miners, combining the fixed block reward with transaction fees. This method contrasts with the traditional Pay-Per-Share (PPS) and Proportional models, where rewards can fluctuate more significantly.
For miners, this move to FPPS could mean more consistent earnings, especially important in the volatile world of cryptocurrency. It also indicates a growing maturity in the <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">mining industry</a>, as pools seek to provide more stability and predictability for their members.
Slush Pool's adoption of the FPPS model could set a precedent for other mining pools, potentially leading to a broader shift in the industry. This change reflects the evolving nature of cryptocurrency mining and the continuous search for more equitable and sustainable reward systems.

Slush Pool Adopts FPPS Model: A New Era for Bitcoin Miners

Ultramining_Eng

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