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Author Topic: Ozcoin mining thread for New Miners  (Read 1259 times)
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July 19, 2011, 02:34:11 AM

PAYOUTS ON NEW BLOCKS NOW AT 100 CONFIRMATIONS has been hashing for over 6weeks and  things are running smooth Smiley
The website is still under development and changes are taking place, we have an extensive stats page. is hosted in Australia.
#ozcoin on
now also

Our vision is to encourage BTC use in Australia and throughout the world by supporting miners and other BTC enterprises.
We feel that a strong growing community will help us overcome any obstacles for BTC in Australia and we are here for the long run toward real world use of BTC - not for a quick buck.To this end we feel that transparency is vital in our project and will endeavour to provide as much information as required for this to become possible.
I would like to have offered a 0fee pool but to do this I would have to host overseas thus losing one of the prime reasons for this site - lower latency and less "Problems communicting with Bitcoin Rpc" that many "downunder" users suffer from.

Current features
The pools fees are set at 0%
Manual payout is available at a fee of 2%
Payout will occur after 100 confirmations
Offering proportional payment.  (proportional payout) = (user shares) / (total shares) * (50BTC - 0.5BTC fee)
Long polling enabled to reduce stale shares
Web based irc client for instant support
Extensive info on stats page and more to come
SSL implemented
Currently support by Miner Status and BitWid support coming soon.
email on payout
Please note a valid email adress is required for registration.

Getting started
1. Register an account with  (the pin number is an extra layer of security for you once logged in)
2. Automatic email activation sent (working on the email. Click link copy/paste activation code)
3.Once activated login and go to "account details" section. Setup your workers, you will need the pin you set earlier.( please 1 worker per gpu for now)
4. Enter the address of the wallet you would like your payments made to and your amount for automatic payout (setting this to 1 would be appreciated initially - but your choice), you will need the pin again.
4. Join your miner to the pool:
hostname:  port :8332
Username: <yourname>.<workername>  Password:<workerpassword>
5. Start your worker. On first connection it can take your client a few minutes to "connect" and download the work units.
5. You're done! Check out the pool Statistics to see how the pool is doing .

Questions, (positive) criticism/suggestions welcome  Smiley


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July 29, 2011, 09:15:18 AM

These guys took a project that was opensource called simplecoin that was licensed under the GPL
here is the link:

This guys improved the source code, made changes, and kept it all to themselves in clear violation of the GPL.

I was trying to download the current source code for ozcoin and it is nowhere to be found, the only code available from them was when they made the fork, not the code with the improvements.

I am sure that simplecoin, mining farm, and others could benefit from the code created by Ozcoin.

Most of the software that we use is GPL including Bitcoin itself, the least we can do is have some respect for a good license, that exist for our own good.

I have seen a lot of projects here that look very good and are licensed under the GPL which is good, what is not good is people taking and forking the open source projects, and then turning them into proprietary closed source software.
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August 05, 2011, 10:33:28 AM

Interesting point of view,
May i put forward another, we worked hard on the code and Wayno pushed a lot back up to simplecoin. As seen recently 2 sites are useing our code from simplecoin but still have our branding - and tell me they had never heard of ozcoin. an example

Many sites were taking our code and not pushing changes back to us, or even changing the irc link or acknowledging where they got thier code from.
Wayno decided at that time to close the fork yes, but put a message there as to why and contact details.

Since then a lot of the code has been changed further. and if i may? do you ever wonder why the big pools use closedcode? or where they started?

We currently are on our longest block ever and are offering a 2BTC bonus to the finder of this block and will offer 1BTC bonus to the finders of the following 5 blocks.

Ozcoin Pooled Mining Pty Ltd ACN:152 509 272
Was registered today to oversee the running of Ozcoin bitcoin mining pool.
Directors of the company are
Graet, Wayno and Ycros

| Ozcoin Pooled Mining Pty Ltd Double Geometric Reward System for Litecoin mining DGM| VPS and Dedicated Servers for the BTC community
The Vark
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August 05, 2011, 02:58:09 PM

Were you guys having any problems with your server a few hours ago?

I was seeing 0 for the GH/s rate for the pool but shares were still going up?

Anyways, being in the U.S. I seemed to get an unusually high number of stales when I was mining with you guys a few weeks ago.  Have any changes been made to help this problem or is the U.S. not your primary area of service?

Thanks, hope you guys kill your current block soon!
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August 07, 2011, 01:45:05 PM

Hi sorry for the slow reply.
Our host needed a scheduled maintainence session a few days ago, when the server came back online it wasnt quite "right". The sata controller failed yesterday morning. The server has been replaced and we came back up yesterday afternoon local time.

We have made some changes to the pool to reduce stale shares, miners in US and EU are getting much lower stales now generally. We are looking to open a US based server in the near future as well Smiley

mm current block :/ yer just went past 200hours, the pain is bad.
Thanks Smiley

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