In Pay-Per-Last-N-Shares (PPLNS) in cryptocurrency, miners are rewarded based on the number of shares they contributed to finding a block. The “N” in PPLNS represents a specific number of shares, typically set by the pool.
When a block is found, the total reward is distributed among the miners based on their number of shares contributed over the last N shares. Miners receive a payment for each share they contribute towards finding a block.
PPLNS is beneficial for miners as it ensures they are rewarded fairly for their efforts, regardless of when a block is found. It encourages miners to continue working on finding blocks even during times when the block reward is lower.
Overall, PPLNS is a popular reward system in cryptocurrency mining pools as it provides a consistent and fair way to distribute rewards among miners based on their contributions to the pool’s mining efforts.
