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The kinetics of the gas−solid Fischer−Tropsch (FT) synthesis over a commercial Fe−Cu−K−SiO2 catalyst was studied in a continuous spinning basket reactor. Experimental conditions were varied as follows: reactor pressure of 0.8−3.2 MPa, H2/CO feed ratio = 0.5−2.0, and a space velocity of 0.5−2.0 × 10-3 Nm3 kgcat-1 s-1 at a constant temperature of 523 K. A new product distribution model for linear hydrocarbons is proposed. Deviations from conventional Anderson−Schulz−Flory distribution can be quantitatively described with an α-olefin readsorption product distribution model. The experimentally observed relatively high yield of methane, relatively low yield of ethene, and both the exponential decrease of the olefin-to-paraffin ratio and the change of the chain growth parameter with chain length can all be predicted from this new model. It combines a mechanistic model of olefin readsorption with kinetics of chain growth and termination on the same catalytic sites. The hydrocarbon formation is based on the surface carbide mechanism by CH2 insertion. The olefin readsorption rate depends on the chain length because of increasing physisorption strength on the catalyst surface and increasing solubility in FT wax with increasing chain length. Interfacial concentrations of reactive olefins near the gas−wax and wax−catalyst surface are used in the kinetic model. With optimization of three parameters per experimental product distribution, the olefin readsorption product distribution model proved to predict product selectivities accurately over the entire range of experimental conditions. The relative deviations are 10.1% and 9.1% for the selectivity to paraffins and olefins with n < 11, respectively.