Learn how PECPool calculates Bitcoin mining earnings using the PPS+ payment method, accepted shares, effective hashrate, Bitcoin network difficulty, block rewards, transaction fees, and the standard 2.5% pool fee. This guide also explains estimated earnings, finalized daily earnings, balances, and payouts.
Bitcoin mining earnings are influenced by several factors. A miner's local hashrate alone does not determine the exact amount credited to the mining account.
PECPool uses the PPS+ payment method to calculate mining rewards based primarily on valid accepted shares submitted by your workers, together with Bitcoin network conditions, block rewards, transaction fees, and the published pool fee.
This guide explains how PECPool mining earnings are calculated, why daily earnings change, how estimated earnings differ from finalized earnings, and how earnings move into your account balance and payout history.
PECPool uses the PPS+ payment method.
PPS+ means Pay Per Share Plus. It combines:
The main purpose of PPS+ is to provide miners with more predictable earnings than payment methods that depend entirely on whether the pool finds a block during a short period.
Under PPS+, valid accepted shares represent the miner's contribution. PECPool uses these shares to estimate effective mining work and calculate the corresponding mining reward.
The main factors affecting PECPool mining earnings include:
Changes in any of these factors can increase or decrease daily mining earnings.
PECPool sends mining jobs to connected ASIC miners through its stratum servers. The miners calculate SHA-256 results and submit qualifying results as mining shares.
When a share is valid and arrives correctly, PECPool classifies it as an accepted share.
Accepted shares are used to:
The more valid work a miner contributes over time, the greater its expected mining earnings, assuming other network conditions remain unchanged.
An ASIC miner displays its own local hashrate based on internal chip operation and device statistics.
PECPool calculates effective performance from valid shares actually received by the pool.
This means a miner may display normal local hashrate while its effective pool-side performance is lower because of:
For earnings evaluation, the effective mining work received by PECPool is more important than a momentary local hashrate number.
Effective hashrate is the pool's estimate of useful mining power based on accepted shares.
In general, when effective hashrate increases and network conditions remain unchanged, expected mining earnings also increase.
For example:
| Mining Account | Average Effective Hashrate | Expected Relative Earnings |
|---|---|---|
| Account A | 100 TH/s | Base comparison |
| Account B | 200 TH/s | Approximately twice Account A under the same conditions |
| Account C | 500 TH/s | Approximately five times Account A under the same conditions |
This comparison assumes that all accounts have similar uptime, share acceptance, and mining conditions during the same period.
Bitcoin network difficulty determines how difficult it is for miners across the entire Bitcoin network to find a valid block.
When network difficulty increases, the same amount of hashrate generally produces a smaller share of total Bitcoin mining output.
When network difficulty decreases, the same amount of hashrate may produce more expected Bitcoin earnings.
For example:
This is why mining earnings can change even when the miner's hashrate and uptime remain stable.
Each valid Bitcoin block includes a block subsidy created according to the Bitcoin protocol.
The block subsidy decreases during Bitcoin halving events. When a halving occurs, the newly created Bitcoin reward per block is reduced by half.
A lower block subsidy reduces the amount of newly issued Bitcoin available to miners, unless other factors such as transaction fees compensate for part of the reduction.
Bitcoin users attach transaction fees to transactions so miners can include them in blocks.
The total transaction fees available in a Bitcoin block can vary significantly depending on:
PPS+ includes a transaction-fee component in addition to the normal payment for valid shares.
As a result, periods of high Bitcoin transaction-fee activity may increase the transaction-fee portion of mining earnings.
The standard PECPool mining fee is:
2.5%The pool fee is deducted according to the PECPool reward calculation rules.
A simplified conceptual example is:
Net Mining Earnings = Gross PPS+ Earnings - PECPool FeeThis is a simplified explanation for educational purposes. Actual reward processing uses the pool's internal share, network, and accounting data.
The following model can help explain the main relationship:
Mining Earnings =
Accepted Mining Contribution
× Current Bitcoin Mining Value
+ PPS+ Transaction Fee Component
- Pool FeeThe current Bitcoin mining value depends on factors such as:
PECPool performs the actual calculation using validated pool and blockchain data.
Daily Bitcoin earnings are not expected to remain exactly the same every day.
They can change because of:
Even when a miner appears stable, small changes in share submission and network conditions can cause daily earnings to vary.
PECPool calculates each mining day using a complete UTC day.
The daily period is:
00:00 UTC to 00:00 UTC on the following dayMining activity received during this period is used for the corresponding daily earnings calculation.
The period is based on pool accounting time rather than the local calendar day displayed in every user's country.
PECPool begins processing the previous mining day's earnings at approximately:
08:40 UTCThe update is normally completed around:
08:45 UTCOn some days, processing may take longer and can continue until approximately:
14:30 UTCThe longer processing time does not necessarily indicate that earnings have been lost. It may mean that the daily calculation and verification process has not yet been completed.
Estimated earnings are an approximate view based on current hashrate and recent network conditions.
Finalized daily earnings are the confirmed result calculated after the complete daily mining period has ended and PECPool has processed the required data.
| Value | Meaning |
|---|---|
| Estimated Earnings | Approximate earnings based on current or recent mining conditions |
| Finalized Daily Earnings | Confirmed earnings calculated for the completed mining day |
Estimated earnings can change before finalization because:
The current hashrate displayed in the panel represents recent mining activity. It does not by itself represent the complete hashrate used for the finalized daily earnings.
PECPool uses the mining account's effective average performance during the completed daily period.
For example:
Mining earnings depend on useful work submitted while the miner is online.
When a worker is offline:
A miner that operates for only 12 hours cannot normally earn the same amount as an identical miner operating continuously for 24 hours under the same conditions.
Rejected shares are not accepted as valid mining contribution.
If a miner calculates work but a significant portion is rejected, its effective pool-side performance may be lower than its local hashrate.
A high rejected-share rate can therefore cause:
Maintaining a stable network connection and selecting a suitable PECPool stratum server helps reduce avoidable rejected or stale shares.
Under a pure block-dependent payment method, short-term pool luck can cause miner income to change significantly depending on how many blocks the pool finds.
PPS+ is designed to reduce the miner's direct exposure to short-term block-finding variance for the share-payment component.
Miners are paid for valid accepted contribution according to the PPS+ system rather than waiting only for the pool to find a block before receiving mining credit.
The transaction-fee component is still connected to Bitcoin block fee conditions and the pool's PPS+ accounting rules.
Earnings and balance are related but are not exactly the same value.
Earnings represent mining rewards calculated for a mining period.
Balance represents the amount currently credited to the mining account and available for future payout according to account and withdrawal conditions.
After daily earnings are finalized and credited, they contribute to the account balance.
A balance shown in the panel has not necessarily been sent to the Bitcoin network yet.
A payout occurs when the required withdrawal conditions are met and a Bitcoin transaction is created.
| Term | Meaning |
|---|---|
| Earnings | Mining rewards calculated from accepted contribution |
| Balance | Credited amount currently held in the mining account |
| Payout | Bitcoin amount sent through a blockchain transaction |
If the previous day's earnings are not yet visible, the daily earnings process may still be running.
Before reporting missing earnings, check:
Do not rely only on the current balance while the daily calculation is still being processed.
Assume a miner:
Its daily earnings will be calculated from its accepted contribution under the current Bitcoin network difficulty, block reward, transaction-fee conditions, and PECPool fee.
Assume an identical 100 TH/s miner:
Its current hashrate may return to 100 TH/s, but its daily average contribution will remain lower because the completed mining day includes six hours of downtime.
Its finalized daily earnings will therefore normally be lower than those of a continuously operating miner.
Assume a miner displays:
The miner is consuming electricity for approximately 100 TH/s of local work, but PECPool is receiving a lower amount of useful accepted work.
Its earnings will reflect its effective accepted contribution rather than only the local displayed value.
Two miners of the same model may produce different earnings because of:
Compare their 24-hour effective hashrate, accepted shares, rejected shares, and downtime before assuming that the reward calculation is incorrect.
PECPool calculates Bitcoin mining rewards in BTC.
The market price of Bitcoin changes the fiat value of those earnings, but it does not directly change the amount of valid mining work submitted by the miner.
For example:
The BTC earnings amount is primarily affected by mining and network conditions, while the displayed fiat equivalent is affected by the Bitcoin market price.
No mining pool can guarantee a fixed daily BTC income for a miner over an unlimited period.
Mining earnings change because Bitcoin network and miner operating conditions change.
PECPool cannot guarantee:
To improve mining efficiency:
When reviewing mining earnings:
Do not compare earnings from different dates without also checking network difficulty, effective hashrate, uptime, and Bitcoin transaction-fee conditions.
Incorrect. Current hashrate is a recent estimate. Daily earnings are based on the completed mining period and its effective accepted contribution.
Incorrect. PECPool calculates effective performance from accepted shares received by the pool.
Incorrect. Difficulty, transaction fees, uptime, and effective mining performance can change.
Incorrect. Earnings are mining rewards for a period, while balance is the credited amount currently held in the account.
Incorrect. Estimates may change before daily processing and finalization are completed.
If earnings appear lower than expected, review:
Compare the account's actual pool-side performance rather than using only the miner's rated hashrate.
| Factor | Effect on Earnings |
|---|---|
| Higher accepted contribution | Normally increases earnings |
| Higher effective hashrate | Normally increases earnings |
| Longer uptime | Normally increases earnings |
| Higher Bitcoin difficulty | Normally reduces BTC earnings for the same hashrate |
| Higher transaction fees | May increase the PPS+ fee component |
| High rejected-share rate | Reduces effective accepted contribution |
| Miner downtime | Reduces daily average contribution |
| PECPool fee | 2.5% under the standard published fee |
PECPool mining earnings are based on useful mining work successfully received from your workers, not only on the hashrate number displayed by the ASIC miner.
The PPS+ calculation combines accepted share contribution with Bitcoin mining conditions and the transaction-fee component, after applying the published PECPool fee.
For the best results, keep miners online, reduce rejected shares, maintain stable stratum connections, and evaluate earnings together with effective hashrate, uptime, difficulty, and the completed daily mining period.
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