Per-share basis in cryptocurrency refers to the calculation of profits or losses based on individual units of a specific asset. It is commonly used in mining pools, where members contribute computing power to solve complex algorithms and receive rewards in proportion to their contribution.
The earnings or rewards are distributed among participants on a per-share basis, meaning that the total reward is divided by the total number of shares contributed by all members. The earnings for each participant are then determined by the number of shares they have contributed.
This method ensures that all members are fairly rewarded based on their level of involvement in the mining process. It also allows for more consistent and predictable earnings for participants, as they receive payments regularly based on the number of shares they contribute.
Overall, per-share basis is a popular method for distributing rewards in cryptocurrency mining pools, providing a fair and transparent way for all members to benefit from their contributions.
