[0Th]Ozcoin Pooled Mining |DGM 1%|Stratum+VarDiff port 80|NEW CN mining|

[crazyates]

I am pleased to announce that Ozcoin is now paying out block reward transaction fees to DGM miners

Awesome! How much of an increase is this? Pretty small, right?

[Krak]

Awesome! How much of an increase is this? Pretty small, right?

Depends on the block. I've seen a block with BTC30 in fees attached to it.

EDIT: Found it. http://blockchain.info/block-index/259429/00000000000004b58ac8327006d3076cb4c200fffb899b4a710af542dc826b03

[Graet]

In recent times the rewards on top of 50BTC is between 0.01 and 0.5 BTC usually (last block Amount: 50.136425), best we have had so far is a little over 1BTC so yeah, pretty small atm, but with time they are increasing and with block reward halving coming up soon will be an essential part of miners pay
a few months ago Deepbit had a block with 15BTC txn rewards - just an example of what will happen over time as transactions on the network increase

Cheers
Graet

[crazyates]

In recent times the rewards on top of 50BTC is between 0.01 and 0.5 BTC usually (last block Amount: 50.136425), best we have had so far is a little over 1BTC so yeah, pretty small atm, but with time they are increasing and with block reward halving coming up soon will be an essential part of miners pay
a few months ago Deepbit had a block with 15BTC txn rewards - just an example of what will happen over time as transactions on the network increase

Cheers
Graet

So for right now, consider it as something that won't always make a significant impact, but an occasional 1-2% boost.

[Graet]

In recent times the rewards on top of 50BTC is between 0.01 and 0.5 BTC usually (last block Amount: 50.136425), best we have had so far is a little over 1BTC so yeah, pretty small atm, but with time they are increasing and with block reward halving coming up soon will be an essential part of miners pay
a few months ago Deepbit had a block with 15BTC txn rewards - just an example of what will happen over time as transactions on the network increase

Cheers
Graet

So for right now, consider it as something that won't always make a significant impact, but an occasional 1-2% boost.

pretty much

[[Tycho]]

a few months ago Deepbit had a block with 15BTC txn rewards - just an example of what will happen over time as transactions on the network increase :)

Currently such fees are only accidental, added by mistake or by software bugs :)
It's still long time until real fees will reach this level.

[Graet]

In recent times the rewards on top of 50BTC is between 0.01 and 0.5 BTC usually (last block Amount: 50.136425), best we have had so far is a little over 1BTC so yeah, pretty small atm, but with time they are increasing and with block reward halving coming up soon will be an essential part of miners pay
a few months ago Deepbit had a block with 15BTC txn rewards - just an example of what will happen over time as transactions on the network increase

Cheers
Graet

So for right now, consider it as something that won't always make a significant impact, but an occasional 1-2% boost.

heh well
With a whole block on NMC worth
<Graet> ;;calc 50 * 0.00178605
<gribble> 0.0893025
currently
Paying out txn fees is currently a higher reward than the NMC side of merged mining returns
IRC bot displays block reward + txn fees - will get it up on site soon for all to see

a few months ago Deepbit had a block with 15BTC txn rewards - just an example of what will happen over time as transactions on the network increase

Currently such fees are only accidental, added by mistake or by software bugs
It's still long time until real fees will reach this level.

Thanks [Tycho]
But it is an example of what can be expected sometime in the future if Bitcoin continues to grow

Cheers
Graet

[spiccioli]

Graet,

I've switched to PPS to give it a try, I see that on PPS there are no stats compared to DGM, no shares per block, no last 24 hours cumulative earnings and so on, the only available data is PPS per share value (BTW api key returns a different value) and running payout between payouts.

Do you plan to add them sooner or later?

spiccioli

[Graet]

Graet,

I've switched to PPS to give it a try, I see that on PPS there are no stats compared to DGM, no shares per block, no last 24 hours cumulative earnings and so on, the only available data is PPS per share value (BTW api key returns a different value) and running payout between payouts.

Do you plan to add them sooner or later?

spiccioli

Hi spiccioli
maybe later.

The PPS story at Ozcoin
I was approached by several miners that wanted to mine at Ozcoin but were unsure of the DGM payout method and variance.
After some conversations I reluctantly agreed to offer a very basic form of PPS with minimal stats,no merged mining payouts, no extra donations and a 5% fee
Also as a lot of Ozcoin miners come through a proxy and have higher than normal stale shares we wont be paying for stales.

We do plan to sort the API out a bit better and maybe in time will add more PPS stats, but DGM development is our main focus for at least the next couple of weeks

Best wishes
Graet

[spiccioli]

Graet,

I've switched to PPS to give it a try, I see that on PPS there are no stats compared to DGM, no shares per block, no last 24 hours cumulative earnings and so on, the only available data is PPS per share value (BTW api key returns a different value) and running payout between payouts.

Do you plan to add them sooner or later?

spiccioli

Hi spiccioli
maybe later.

The PPS story at Ozcoin
I was approached by several miners that wanted to mine at Ozcoin but were unsure of the DGM payout method and variance.
After some conversations I reluctantly agreed to offer a very basic form of PPS with minimal stats,no merged mining payouts, no extra donations and a 5% fee
Also as a lot of Ozcoin miners come through a proxy and have higher than normal stale shares we wont be paying for stales.

We do plan to sort the API out a bit better and maybe in time will add more PPS stats, but DGM development is our main focus for at least the next couple of weeks

Best wishes
Graet

Graet,

thanks for the explanation.

spiccioli.

[Graet]

welcome spiccioli

eu.ozco.in is currently having some issues, we are investigating currently, my miner just failed over to a different node.
edit: and now fixed

[spiccioli]

welcome spiccioli

eu.ozco.in is currently having some issues, we are investigating currently, my miner just failed over to a different node.
edit: and now fixed

While we're at it Graet,

https://www.ozcoin.net/content/bitcoin-pps

PPS payout differs from the one on the right "frame" User PPS Statistics.

spiccioli

[Graet]

welcome spiccioli

eu.ozco.in is currently having some issues, we are investigating currently, my miner just failed over to a different node.
edit: and now fixed

While we're at it Graet,

https://www.ozcoin.net/content/bitcoin-pps

PPS payout differs from the one on the right "frame" User PPS Statistics.

spiccioli

sorry, not sure I follow
The "Unpaid Balance" ? is awaiting your threshold
https://www.ozcoin.net/content/bitcoin-pps shows completed payouts
Graet

[spiccioli]

welcome spiccioli

eu.ozco.in is currently having some issues, we are investigating currently, my miner just failed over to a different node.
edit: and now fixed

While we're at it Graet,

https://www.ozcoin.net/content/bitcoin-pps

PPS payout differs from the one on the right "frame" User PPS Statistics.

spiccioli

sorry, not sure I follow
The "Unpaid Balance" ? is awaiting your threshold
https://www.ozcoin.net/content/bitcoin-pps shows completed payouts
Graet

Graet,

share value 0.00002103 BTC

current PPS rate 0.00002168 BTC

Best regards.

spiccioli

[Graet]

ahh ok
I see now
will check into it
thanks
Graet

[Gladamas]

In recent times the rewards on top of 50BTC is between 0.01 and 0.5 BTC usually (last block Amount: 50.136425), best we have had so far is a little over 1BTC so yeah, pretty small atm, but with time they are increasing and with block reward halving coming up soon will be an essential part of miners pay
a few months ago Deepbit had a block with 15BTC txn rewards - just an example of what will happen over time as transactions on the network increase

Cheers
Graet

So for right now, consider it as something that won't always make a significant impact, but an occasional 1-2% boost.

heh well
With a whole block on NMC worth
<Graet> ;;calc 50 * 0.00178605
<gribble> 0.0893025
currently
Paying out txn fees is currently a higher reward than the NMC side of merged mining returns
IRC bot displays block reward + txn fees - will get it up on site soon for all to see

I thought Namecoin blocks (as of now) have a lower difficulty than Bitcoin blocks; this would mean more NMC blocks are found per BTC block found, on average, therefore increasing that extra BTC/block. Is that correct?

[kano]

...
I thought Namecoin blocks (as of now) have a lower difficulty than Bitcoin blocks; this would mean more NMC blocks are found per BTC block found, on average, therefore increasing that extra BTC/block. Is that correct?

2 times hardly anything usually ends up being ... hardly anything

Since NMC are free to get if you merge mine BTC, I wonder why anyone actually pays anything for them ...

[spiccioli]

ahh ok
I see now
will check into it
thanks
Graet

Hi Graet,

I see you "fixed" PPS payout on your site, now it remains to be fixed in the answer that you can get from the JSON API key where it changed a litte from yesterday and now is at "pps_value":"0.00002106".

Thanks

spiccioli

[Graet]

ahh ok
I see now
will check into it
thanks
Graet

Hi Graet,

I see you "fixed" PPS payout on your site, now it remains to be fixed in the answer that you can get from the JSON API key where it changed a litte from yesterday and now is at "pps_value":"0.00002106".

Thanks

spiccioli

Thanks spiccioli,
yes the API needs some work. hopefully we can resolve a few issues with it over the weekend
cheers
Graet

[os2sam]

Is the US server working ok?  I just had to switch to the EU server.
Sam