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Author Topic: Alternatives to the new OzCoin 3% DGM Fee  (Read 4333 times)
DrHaribo
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August 12, 2012, 01:05:13 PM
 #41

it isn't worth 3% because there are pools like eclipseMC and maxBTC that one can switch to, that don't have fees

Those pools are not true zero fee pools. They keep transaction fees. This is like a 0.3% fee currently and after the reward halving happens (with tx fees also going up) will probably be like a 1% fee. Even though I run a real zero fee pool and think their advertisement is bullshit, I have to say that a small fee is not the end of the world if you like the pool.

I don't get the anger some people have with Graet or indeed anyone who might make a buck in the Bitcoin community. If everything was free we wouldn't need money, would we? Then what is the point of Bitcoin.

Do you get angry when you think about that he might not just break even but could get profits close to minimum wage for his and others' work on the pool?

If you go into a McDonald's and buy a hamburger do you get angry at the employees because they are paid so much money and inflate the price of your burger?

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wknight
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August 12, 2012, 02:34:58 PM
 #42

Well obviously Graet is terrible at bait and switch tactics considering it took him over a year to work out this long con.  Roll Eyes

Clearly Oz is a ponzi.

dont make me come to your house!  Grin

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August 12, 2012, 02:45:39 PM
 #43

evanesce why you have shares in current round?
I thought you had left Cheesy
cheers

oh
I couldn't find you on this list
https://ozcoin.net/content/hall-fame-donations-bitcoin
maybe something is broken?

That was kinda low, I am starting to have second thoughts about all this...
Graet
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August 12, 2012, 02:50:13 PM
 #44

evanesce why you have shares in current round?
I thought you had left Cheesy
cheers

oh
I couldn't find you on this list
https://ozcoin.net/content/hall-fame-donations-bitcoin
maybe something is broken?

That was kinda low, I am starting to have second thoughts about all this...
go back one page and see that I apologised, the OP has changed a lot too as has the topic - I'll make no judgements
you can make any you feel like Smiley

| Ozcoin Pooled Mining Pty Ltd https://ozcoin.net Double Geometric Reward System https://lc.ozcoin.net for Litecoin mining DGM| https://crowncloud.net VPS and Dedicated Servers for the BTC community
evanesce (OP)
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August 12, 2012, 02:57:35 PM
 #45

I have no hard feelings against Graet, we've both had our moments here in this thread.  The fact of the matter is we are both mature individuals and realize we make mistakes and own up to them.

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August 12, 2012, 03:14:36 PM
 #46

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go back one page and see that I apologised

I know you did, I followed the whole thread (and other similar), just that it was one of those things that makes you go hmm...
Sometimes one of those little things is just enough to make up someone's mind.
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August 13, 2012, 06:16:30 AM
 #47

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go back one page and see that I apologised

I know you did, I followed the whole thread (and other similar), just that it was one of those things that makes you go hmm...
Sometimes one of those little things is just enough to make up someone's mind.
understood, and I do regret a statement I made when ill and very tired under some stress and felt like I was being attacked wrongfully at 3am ish one morning
I don't claim to be anything but human Smiley
best wishes
Graeme

| Ozcoin Pooled Mining Pty Ltd https://ozcoin.net Double Geometric Reward System https://lc.ozcoin.net for Litecoin mining DGM| https://crowncloud.net VPS and Dedicated Servers for the BTC community
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September 20, 2012, 05:09:28 PM
 #48

Regarding his "salary" however, being that he opened the pool as zero fee, I had just assumed that this was his hobby and his time was his contribution to his hobby.  He might consider stating to his clients that this is no longer the case and he's now running a strictly "for profit" business here.  Or has he already and I'm just unaware?

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Ozcoin Pooled Mining Pty Ltd

That has been there as long as I can remember. A private limited corporation. That doesn't mean non-profit, doesn't mean hobby.

I understand where you are coming from; that based on a price comparison, Oczo is only middle of the pack. You can find cheaper pools. However, Ozco probably did a similar survey before setting their price, and decided on 3%. The reasons for that 3% or the previous 0% are really irrelevant to users. They gave plenty of notice of the fee, and seems to have been more than fair.

Your comments of them running at 0% or credit card companies offering teaser rates are irrelevant. If you feel so strongly against such promotions, you may chose not to partake.
evanesce (OP)
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September 20, 2012, 08:11:26 PM
 #49

There's no need to keep this thread running. Its old news and we all moved on since a month ago.

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