There are many ways to turn your computing power bitcoins vs bitcoin value the Bitcoin network into payments to your wallet. Using pools is one of the easier options to make money fast with low investment.
The Pool I recommend is BTCguild which makes up the largest pool on the network right now. There are 2 payment methods in this pool, 2 different calculations that determine how you get paid and you can choose which you want to use. Which Bitcoin Payout should I use? PPLNS is a way of determining how many Bitcoins you get for your shares completed.
Pay Per Last N Shares is what PPLNS stands for. This method of calculating payouts includes a “luck” factor. Pay Per Last N Shares groups shares submitted by all users into a “shift. Once a shift is completed, it is considered an “Open Shift”. After 10 new shifts have completed, the oldest open shift is closed. 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.
Using PPS you get a set number of Bitcoins per share of work you have solved. It has no luck involved so the payouts do not fluxuate. In simple terms, this means each share is valued at the average expected value at current network difficulty. The pool is absorbing the chance of “bad luck” or general variance, and offering you a flat rate.