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

[Graet]

Had to re-re-enter my BTC address again today. Must had disappeared in the last few days.
(had already re-entered it last week).

yes, apologies, we found and removed the bug that caused this.

[1714054769]

1714054769

[1714054769]

1714054769

[1714054769]

1714054769

[GernMiester]

Great people work on this pool. Issues were resolved so quickly I didn't have time to think about it. They answer your questions and help you along as needed.  GREAT PEOPLE WORK WITH OZCO.IN no questions about it.
Something however is not right.

Hmmm, the MH/s doesn't ever seem to go up while other pools are 3, 4 and 5 times the size they were over the same period of time..
Possible answer?  DGM is great for losing BTC. As difficulty goes up and MH/s stays near the same you lose more and more BTC every hash.
Don't think DGM sucks salty balls?? So how about an average payout of .00000924 for the entire difficulty of 3438909 while the PPS was over .00001400.

Simple stuff here. Diff goes up MH doesn't you get RAPED in all holes on DGM.
DGM a complicated fix for a simple issue IF the pool hash rate doesn't increase with difficulty .
Pure PPS fixed hoppers and the like the day it was launched.

[organofcorti]

Simple stuff here. Diff goes up MH doesn't you get RAPED in all holes on DGM.

No. Pool hashrate has no effect on expected average payout per share under DGM.

DGM a complicated fix for a simple issue IF the pool hash rate doesn't increase with difficulty .
Pure PPS fixed hoppers and the like the day it was launched.

Not sure what you're saying. Ozcoin does have PPS, after all. And while PPS may be preferable for miners that can't bear variance, the risk the pool takes on can kill it if the pool op doesn't have a large amount of btc backing the pool.

[Graet]

Great people work on this pool. Issues were resolved so quickly I didn't have time to think about it. They answer your questions and help you along as needed.  GREAT PEOPLE WORK WITH OZCO.IN no questions about it.
Something however is not right.

Hmmm, the MH/s doesn't ever seem to go up while other pools are 3, 4 and 5 times the size they were over the same period of time..
Possible answer?  DGM is great for losing BTC. As difficulty goes up and MH/s stays near the same you lose more and more BTC every hash.
Don't think DGM sucks salty balls?? So how about an average payout of .00000924 for the entire difficulty of 3438909 while the PPS was over .00001400.

Simple stuff here. Diff goes up MH doesn't you get RAPED in all holes on DGM.
DGM a complicated fix for a simple issue IF the pool hash rate doesn't increase with difficulty .
Pure PPS fixed hoppers and the like the day it was launched.

Thanks for the feedback, but I think looking short term is fail in Bitcoin mining
https://ozcoin.net/content/share-payout-comparison-bitcoin when the blue line is longer DGM pays more when it is shorter it pays less than PPS
10 difficulty periods of the 25 shown PPS paid more - which means 15 difficulty periods DGM paid more.

which is reinforced by ø Shares/Difficulty Ratio:   98.78%
our all time luck is ahead of the game

I think your understanding of DGM is flawed.
have you posted same in other DGM pools threads or just targeting Ozcoin?

[Graet]

Block reward halving has occured
Payouts were adjusted after block 209999 for shares submitted to 25BTC blocks.

Fees:
I would like to maintain fees at 2%DGM and 4%PPS but to be able to do this and the pool remain viable we need to double our hashrate. I encourage all of our happy miners to tell their mining friends about Ozcoin and help grow the pool and thus keep their fees low

Cheers
Graet

[crazyates]

Site lists the PPS info as following:
5% Fee
Note: Merged Mining and Donations are disabled for PPS method.
[1/difficulty] * 47.5 = pps payout
47.5 is 50 - 5%

Yet also says:
Current PPS Rate:
0.00000698 BTC

Maybe this has been answered before, but if I turn off my GPU and keep my Single going, I might switch to PPS. How does PPS work with >1 diff?

[crazyates]

Fees:
I would like to maintain fees at 2%DGM and 4%PPS but to be able to do this and the pool remain viable we need to double our hashrate. I encourage all of our happy miners to tell their mining friends about Ozcoin and help grow the pool and thus keep their fees low

Or if everyone just donates an extra 2% to fulfill the VIP status requirements, you've got your extra funding.

[os2sam]

Fees:
I would like to maintain fees at 2%DGM and 4%PPS but to be able to do this and the pool remain viable we need to double our hashrate. I encourage all of our happy miners to tell their mining friends about Ozcoin and help grow the pool and thus keep their fees low

Or if everyone just donates an extra 2% to fulfill the VIP status requirements, you've got your extra funding.

It would still be nice to double the hash rate too.

[os2sam]

Speaking of hash rate, it looks like the network hash rate has gone up since the reward halving.  Thought everyone was supposed to abandon Bitcoin after that happened?

[organofcorti]

Speaking of hash rate, it looks like the network hash rate has gone up since the reward halving.  Thought everyone was supposed to abandon Bitcoin after that happened?

Maybe a race for the last 50btc reward? If today's average drops, that might be the answer.

[kano]

Speaking of hash rate, it looks like the network hash rate has gone up since the reward halving.  Thought everyone was supposed to abandon Bitcoin after that happened?

Maybe a race for the last 50btc reward? If today's average drops, that might be the answer.

The 144 blocks to 210040 was actually 31% !!!
But it has settled down again (last 144 as at now 210062) is 18.25% so yeah even in the last 42 blocks there's been quite a drop in block rate from the very high rate at 210000
But back to last difficulty it's still 8% (no eternal diff change on the horizon yet ...)

Edit: of course it could also all be luck ... BTC diff calculations have a high amount of luck involved even in the final calculation ... (and an error )

[os2sam]

The 144 blocks to 210040 was actually 31% !!!

31% of what?

[Graet]

Site lists the PPS info as following:
5% Fee
Note: Merged Mining and Donations are disabled for PPS method.
[1/difficulty] * 47.5 = pps payout
47.5 is 50 - 5%

Yet also says:
Current PPS Rate:
0.00000698 BTC

Maybe this has been answered before, but if I turn off my GPU and keep my Single going, I might switch to PPS. How does PPS work with >1 diff?

PPS works the same with > 1diff as DGM does
but you are paying a higher fee and there is no TXN fees included in payouts

[kano]

The 144 blocks to 210040 was actually 31% !!!

31% of what?

The block rate was 31% higher - all difficulty information is based on the target of 10 minutes per block.
For those 144 it was 31% faster (which is big for block rate)

[os2sam]

The 144 blocks to 210040 was actually 31% !!!

31% of what?

The block rate was 31% higher - all difficulty information is based on the target of 10 minutes per block.
For those 144 it was 31% faster (which is big for block rate)

So on the last 86400 seconds of the end of 50BTC block rewards 31% more blocks were mined? Or maybe 31% less time was used to mine the last 144 blocks.  Either your too confusing or I've had too much to drink.
Have fun in KC,
Sam

[Graet]

As some of you will be aware I have a minor ongoing health issue
I am booked for surgery tomorrow at 11am my time
I will be less available than usual for ~48hours

Ozcoin staff will be keeping an eye on things for me

cheers
Graet

[os2sam]

As some of you will be aware I have a minor ongoing health issue
I am booked for surgery tomorrow at 11am my time
I will be less available than usual for ~48hours

Ozcoin staff will be keeping an eye on things for me

cheers
Graet

Hope all goes well with your surgery.  Will be praying for you.
Sam

[kano]

The 144 blocks to 210040 was actually 31% !!!

31% of what?

The block rate was 31% higher - all difficulty information is based on the target of 10 minutes per block.
For those 144 it was 31% faster (which is big for block rate)

So on the last 86400 seconds of the end of 50BTC block rewards 31% more blocks were mined? Or maybe 31% less time was used to mine the last 144 blocks.  Either your too confusing or I've had too much to drink.
Have fun in KC,
Sam

Rate was 31% higher for 144 blocks (103 before and 40 after)

At average 10 minutes per block, 144 blocks is 24hours
but they averaged 7m 37.65s (a massive 31.10% higher block rate) and only took 18hrs 18min

[Graet]

Thanks Sam

[os2sam]

Rate was 31% higher for 144 blocks (103 before and 40 after)

At average 10 minutes per block, 144 blocks is 24hours
but they averaged 7m 37.65s (a massive 31.10% higher block rate) and only took 18hrs 18min

Kano,
Thanks for the clarification.
Sam