Definition
FPPS is currently the most popular pool payout scheme. It pays miners a fixed amount per share based on the expected value of that share, including both the block subsidy and estimated transaction fees. The pool absorbs the variance risk.
Under FPPS, miners receive predictable payments regardless of whether the pool actually finds blocks. This predictability makes it popular for miners who want steady income, though pool fees are typically higher (2-4%) to compensate for the risk the pool assumes.
In Simple Terms
A pool payout method paying miners a fixed rate per share including estimated transaction fees.
Full Pay Per Share. A mining pool payout method that pays miners for both the block subsidy and an estimated share of transaction fees, based on submitted shares.