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

[inevertell]

Maybe someone can explain to me because I had a feeling that I didn't understand fully.
ozcoin's DGM payout are kind of like PPS but instead you only get the actual payout when they find a block, which can be a long time with the current difficulty. But you are paid for all your shares submitted during that round. So the longer the block time the bigger my share.

But at this point I have about 37gh/s pointed to to ozcoin and I have generated about 0.014 btc in 24hrs (if there was a block found, 1 was founds since switching to the pool)
On average I should be making about about 0.034 per day (I was doing this at guild and still am, I am load balancing, pools are reporting very similar, consistent 37ghs/ reading)

Although you wait a lot longer for blocks on this pool, I assumed with the DGM payout and lower pool fee it would actually result in ever so slightly more than than my btcguild average.
So far I am at half I would have been if I had just stayed on guild.

I am donating 3 % (1% standard + 2% vip donation) at guild it is 7.5%

Please help explain if I have things all wrong.

Thanks

[os2sam]

Maybe someone can explain to me because I had a feeling that I didn't understand fully.
ozcoin's DGM payout are kind of like PPS but instead you only get the actual payout when they find a block, which can be a long time with the current difficulty. But you are paid for all your shares submitted during that round. So the longer the block time the bigger my share.

But at this point I have about 37gh/s pointed to to ozcoin and I have generated about 0.014 btc in 24hrs (if there was a block found, 1 was founds since switching to the pool)
On average I should be making about about 0.034 per day (I was doing this at guild and still am, I am load balancing, pools are reporting very similar, consistent 37ghs/ reading)

Although you wait a lot longer for blocks on this pool, I assumed with the DGM payout and lower pool fee it would actually result in ever so slightly more than than my btcguild average.
So far I am at half I would have been if I had just stayed on guild.

I am donating 3 % (1% standard + 2% vip donation) at guild it is 7.5%

Please help explain if I have things all wrong.

Thanks

DGM works on kind of a sliding scale.  You start mining and it pays out less, then you mine consistently over a period of time and it ramps up to the normal payout.  When you stop mining it continues to payout to makeup for the lower payouts when you started.  If you mine consistently over a long period of time it pays out well and consistently.  It is designed to make it less desirable to hop in and out like when pool hopping was popular.

[inevertell]

Ok this makes sense. Thx

Another question.  My "estimated" payout was much less in the end. It was up to ~0.02 during the previous long block .... In the end I was paid ~0.004 for that block. No downtime since I connected. Is this an effect of Dgm as well?

In that case I'll recoup these early losses in some manner when I stop mining here. Correct?
Thx again

[os2sam]

Ok this makes sense. Thx

Another question.  My "estimated" payout was much less in the end. It was up to ~0.02 during the previous long block .... In the end I was paid ~0.004 for that block. No downtime since I connected. Is this an effect of Dgm as well?

In that case I'll recoup these early losses in some manner when I stop mining here. Correct?
Thx again

It takes a while for the payout to ramp up.  So if you just started mining recently your early rewards will be low then it evens out.  So if that is the reason for the lower than expected payout then yes it will be made up later.  But bad luck does happen so that may not be the reason as well.  Just a cautionary CYA .

[inevertell]

Ok this makes sense. Thx

Another question.  My "estimated" payout was much less in the end. It was up to ~0.02 during the previous long block .... In the end I was paid ~0.004 for that block. No downtime since I connected. Is this an effect of Dgm as well?

In that case I'll recoup these early losses in some manner when I stop mining here. Correct?
Thx again

It takes a while for the payout to ramp up.  So if you just started mining recently your early rewards will be low then it evens out.  So if that is the reason for the lower than expected payout then yes it will be made up later.  But bad luck does happen so that may not be the reason as well.  Just a cautionary CYA .

Sorry to take this further but how does luck play into DGM? I assumed DGM is a form of PPS,accumulating payout by shares.. but payouts do not actually happen until a block is found, unlike other PPS where you get it as soon as your shift is done but with a bigger fee

If this were the case the "estimated payout" wouldn't ever drop by soo much (a 1/4 of initial estimated payout) unless you are saying that THAT IS the case and that once I have mined for a while I will make closer to the "estimated payout" and while the estimated payout is accumulative for the round.. Unless I have mined for a long time I won't actually get the full estimated payout. If this is true it's fine but again I don't see how luck effects this as you are still technically accumulating by share.

Thx again

[inevertell]

Ok this makes sense. Thx

Another question.  My "estimated" payout was much less in the end. It was up to ~0.02 during the previous long block .... In the end I was paid ~0.004 for that block. No downtime since I connected. Is this an effect of Dgm as well?

In that case I'll recoup these early losses in some manner when I stop mining here. Correct?
Thx again

It takes a while for the payout to ramp up.  So if you just started mining recently your early rewards will be low then it evens out.  So if that is the reason for the lower than expected payout then yes it will be made up later.  But bad luck does happen so that may not be the reason as well.  Just a cautionary CYA .

Sorry to take this further but how does luck play into DGM? I assumed DGM is a form of PPS,accumulating payout by shares.. but payouts do not actually happen until a block is found, unlike other PPS where you get it as soon as your shift is done but with a bigger fee

If this were the case the "estimated payout" wouldn't ever drop by soo much (a 1/4 of initial estimated payout) unless you are saying that THAT IS the case and that once I have mined for a while I will make closer to the "estimated payout" and while the estimated payout is accumulative for the round.. Unless I have mined for a long time I won't actually get the full estimated payout. If this is true it's fine but again I don't see how luck effects this as you are still technically accumulating by share.

Thx again

So apparently it was a bug that was just fixed today. Everyones payout was effected but is now fixed (the bug, payouts were still just a 1/4 of what was expected). So I am correct with my thinking and it WAS actually a bug. Too bad it happened on my first full day with the pool. Reading back I see the pool has had some major issues recently and back in April.

From someone who uses the pool often, is the pool stable enough that you feel confidant staying here?

I am not worried about a web interface bug here and there but when payouts are affected its concerning.. also I read about the ~1000 btc stolen in April.

Are these issues rare and is the team very good at coming up with solutions, communicating with the community, and therefore curbing these issues so that the miner is not so affected individually (like .. did they pay back people who lost coins when they were hacked?)

Before committing to the pool, i'd just like a guarantee that problems are few and far between (usually). I don't love being on BTCGuild with all my miners but I have really always had the best experience there. AND they have an amazing web interface that has never bugged out on me.

Thanks yet again.

[Trongersoll]

Ok this makes sense. Thx

Another question.  My "estimated" payout was much less in the end. It was up to ~0.02 during the previous long block .... In the end I was paid ~0.004 for that block. No downtime since I connected. Is this an effect of Dgm as well?

In that case I'll recoup these early losses in some manner when I stop mining here. Correct?
Thx again

It takes a while for the payout to ramp up.  So if you just started mining recently your early rewards will be low then it evens out.  So if that is the reason for the lower than expected payout then yes it will be made up later.  But bad luck does happen so that may not be the reason as well.  Just a cautionary CYA .

So then, based on that, this pool isn't a good candidate for a fall back pool? I'm thinking that a pool you can come into for a short period of time with out penalty would be the best for a fall back pool.

[inevertell]

Ok this makes sense. Thx

Another question.  My "estimated" payout was much less in the end. It was up to ~0.02 during the previous long block .... In the end I was paid ~0.004 for that block. No downtime since I connected. Is this an effect of Dgm as well?

In that case I'll recoup these early losses in some manner when I stop mining here. Correct?
Thx again

It takes a while for the payout to ramp up.  So if you just started mining recently your early rewards will be low then it evens out.  So if that is the reason for the lower than expected payout then yes it will be made up later.  But bad luck does happen so that may not be the reason as well.  Just a cautionary CYA .

So then, based on that, this pool isn't a good candidate for a fall back pool? I'm thinking that a pool you can come into for a short period of time with out penalty would be the best for a fall back pool.

Indeed it seems this way, seems PPS is really the only way that you will not loose fully when not on your regular pool. But you'll loose a large percentage off the top due to higher fees so the variance may actually even out, and you still not make the same if you never had to hop pools.

With slush's system, there is some sort of importance to shares submitted just before a block is solved .. meaning you can mine for 10 hours and if no block is solved during that time, and it takes another 5 hours to solve the block, you may get next to nothing if you were only there for the first 10 hours and more for the remaining 5 hours.

PPS on Guild seems very fair and accurate but with so many users and such a high fee - its difficult to WANT to be there, even though you know you are getting your "average - 7%" no matter what. More of sure thing rather than depending on luck during that small amount of time you hop there during other pool's downtime.

[os2sam]

Ok this makes sense. Thx

Another question.  My "estimated" payout was much less in the end. It was up to ~0.02 during the previous long block .... In the end I was paid ~0.004 for that block. No downtime since I connected. Is this an effect of Dgm as well?

In that case I'll recoup these early losses in some manner when I stop mining here. Correct?
Thx again

It takes a while for the payout to ramp up.  So if you just started mining recently your early rewards will be low then it evens out.  So if that is the reason for the lower than expected payout then yes it will be made up later.  But bad luck does happen so that may not be the reason as well.  Just a cautionary CYA .

So then, based on that, this pool isn't a good candidate for a fall back pool? I'm thinking that a pool you can come into for a short period of time with out penalty would be the best for a fall back pool.

It's not a bad choice for a fall back pool.  You always get paid for your shares.  DGM just distributes the payouts to try and minimize the effects of variance.

[m3ta]

"Maintainance" complete?

Thanks for the most hilarious homepage ever. Also, go back to school.

[inevertell]

Anyone posting here?

So ..for the last round my share value was 0.0000000583282956 and I had (401,302) shares … therefore (~0.023) payout.

Now on this current long round I have (1,475,525) shares. … can I assume my share value will stay constant therefore having a much larger payout of (~0.086) for this long block ?

My estimated payout doesn't show this, it shows the same basic value of my previous payout. (~0.025)

Is the estimated payout accurate that is shown on the site?

Or do my shares get backlogged? keeping my per block payout somewhat consistent while paying out long after I have stopped mining or during times of less blocks?


The explanation on the DGM post is too complex, doesn't answer simple questions like this.
Please help me out before I hop.
Thanks

[os2sam]

So ..for the last round my share value was 0.0000000583282956 and I had (401,302) shares … therefore (~0.023) payout.

Ozco is DGM not PPS.  The share value can only calculated after the round closes which is when a block is found.  So the longer the round, the more shares you submit and the less each share is worth.

[inevertell]

So ..for the last round my share value was 0.0000000583282956 and I had (401,302) shares … therefore (~0.023) payout.

Ozco is DGM not PPS.  The share value can only calculated after the round closes which is when a block is found.  So the longer the round, the more shares you submit and the less each share is worth.

Understood.. I have hopped… I do not enjoy this. Not enough action. I am on 3 pools already. I have generated 3 times the coin on all 3 pools in the same time frame.  Those 3 all evened out on average,even with higher fees, only 1 pool using PPS .

[kalross]

Hi.

Didn't receive my payout.  Showing on the web ui, but not on block explorer.

Account name same as here. 

2013-11-13 21:00:27   Automatic Payout   1BHwQfqB2pnaM1qYdGr16H2mtgDg2VVNSd   0.12506691

Cheers.

K

[rudrigorc2]

These are very bad times for ozcoin...Unfortunately

[kalross]

These are very bad times for ozcoin...Unfortunately

Are you referring to the bad luck of the pool?

[rudrigorc2]

These are very bad times for ozcoin...Unfortunately

Are you referring to the bad luck of the pool?

At this +-20Thash speed there is no such thing as good luck.
Im very worried about the future of this pool 

[razorfishsl]

I stopped using this pool, because things just did not add up.

This was after running two sets of miners concurrently against Ozpool and Elgius

[inevertell]

I stopped using this pool, because things just did not add up.

This was after running two sets of miners concurrently against Ozpool and Elgius

As I stated, I have made 3 times the amount on other pools in a pretty good time frame, all with varying degrees of luck during that time. They just about averaged out. 3 times more. Thats a little strange.

If my shares continue to trickle in because of the weird way DGM works, I suppose its just bad luck in some way and eventually I would have evened out. But I don't see it.

Also it will take weeks to happen at the slow rate the pool is finding blocks…

[Keefe]

I am also waiting for a payout to be broadcast. It's been over 56 hours.

20:10 < jimbit> stop lookin at porn and fix the payouts
20:10 <@Wayno> no
20:11 < Mr_Steve> please?
20:11 <@Wayno> i cannot at this current time