Ozcoin Litecoin DGM/PPS

[Graet]

Proportional pool closed, new DGM/PPS pool open see https://bitcointalk.org/index.php?topic=48653.msg1487778#msg1487778

Ozcoin Pooled Mining Pty Ltd has been mining Bitcoin since 7 June 2011
An established and experienced pool, we looked into Litecoin and we decided to setup https://lc.ozcoin.net to give Litecoin miners everywhere a great experience.
The litecoin pool is on dedicated hardware hosted in USA

Current features:
2% fee DGM 4% fee PPS pool.
Transaction fees included with blocks will be paid out.
Payout will occur after 120 confirmations.
Free half hourly auto payout script
Users able to change payout adresses
Long polling enabled
Web based irc client for instant support.
Extensive info on stats page.
SSL implemented - changing over
Email notification of idle miners available for 1% donation.
SSL Enabled
Donations welcome - default setting 0%
Users able to delete account
User hashrate graphs
API




Looking forward to seeing more miners sharing the coins at Ozcoin,
Best Wishes,
Graeme Tee
Managing Director,
Ozcoin Pooled Mining Pty Ltd

Bitcoin Pool thread https://bitcointalk.org/index.php?topic=14085.0

[3phase]

Thanks Graet,

Could you please let us know what is the difficulty of the target that the pool provides as work? I understand that you need to put a low target for enough shares to be generated during a block, just wondering what the implied difficulty is.

In my eyes, you're ahead of the pack of pool operators  . While everybody was debating about merged mining with namecoins (which is old news now), you're taking a bet in a completely uncharted direction. Congrats for this !

[Graet]

hi 3phase,
My understanding is most LTC pools are running at 20, we are set at 16.

We will propably be implementing NMC BTC merged mining soon, but it is a different kettle of fish to setting up up a seperate pool like the LTC pool.

I have been watching the CPU mining chains and I do think there is a place for a "silver to Bitcoin's gold", I like that there is no pre-mine, is an open source project and everyone with a cpu can participate. Good for miners and pool ops alike

I have had a coder asking to help for a while and as a test I asked him to set us up a LTC pool as a learning excercise and to show us his skills.
ryannathans with some help and supervision from Wayno and Ycros has done us proud
Great work ryan
Thanks for the kind words
Graet

[xzion]

hi 3phase,
My understanding is most LTC pools are running at 20, we are set at 16.

We will propably be implementing NMC BTC merged mining soon, but it is a different kettle of fish to setting up up a seperate pool like the LTC pool.

I have been watching the CPU mining chains and I do think there is a place for a "silver to Bitcoin's gold", I like that there is no pre-mine, is an open source project and everyone with a cpu can participate. Good for miners and pool ops alike

I have had a coder asking to help for a while and as a test I asked him to set us up a LTC pool as a learning excercise and to show us his skills.
ryannathans with some help and supervision from Wayno and Ycros has done us proud
Great work ryan
Thanks for the kind words
Graet

Can I also add what a really nice guy the Litecoin Developer Coblee is? Professional and Helpful?

seconded! and he's mining at ozco, must be a good sign!

[tomba]

Ozcoin Pooled Mining Pty Ltd has been mining Bitcoin since 7 June 2011
An established and experienced pool, we looked into Litecoin and we decided to setup https://lc.ozco.in to give Litecoin miners everywhere a great experience.
The litecoin pool is on dedicated hardware hosted in USA
(we are aware of the SSL certificate issue, currently moving to Cloudflare)

Running at
Pool Hash Rate   859 Khash/s
Pool Efficiency   99.09%
and have solved 147LTC blocks in our 1st 24 hours

Current features:
0fee pool.
Transaction fees included with blocks will be paid out.
Payout will occur after 120 confirmations.
Hourly auto payout script
Manual payout is available at a fee of 2%,
Email on payout. coming soon
Offering proportional payment.  (proportional payout) = (user shares) / (total shares) * (50LTC+txn fees)
Long polling enabled .
Genuine low stales.
Web based irc client for instant support.
Extensive info on stats page and more to come.
SSL implemented .
Email notification of idle miners available for 1% donation. coming soon
Donations welcome - default setting 0%

Looking forward to seeing more miners sharing the coins at Ozcoin,
Best Wishes,
Graeme Tee
Managing Director,
Ozcoin Pooled Mining Pty Ltd

Bitcoin Pool thread https://bitcointalk.org/index.php?topic=14085.0

Hi Great,

Been mining on your pool for ~ 24 hours now. Some observations: your stats seem to update really slow and the payout seems a lot lower than Altchains. Is this just bad luck or is something wrong ? (I threw ~ 10 khash/s at Altchains and have been receiving higher payout than with the 20 khash/s I am throwing at your pool ?)

Also; you should do a search and replace for Mhash/s --> khash/s

Update;

Seems to be completely down now !
Fatal error: Uncaught BitcoinClientException:

• : Connect error: Connection refused (111) thrown in on line 0

Maybe a problem with LTC ? (Altchains isn't working either)

Update: and it's back already. (unlike Altchains)

[Graet]

Hi,
We are going overr the numbers again to be sure.

There is a problem with litecoid, it is crashing regularly. we are logging to try identify the issue and sort out some auto restart (bitcoind has a similar issue)

[tomba]

Hi,
We are going overr the numbers again to be sure.

There is a problem with litecoid, it is crashing regularly. we are logging to try identify the issue and sort out some auto restart (bitcoind has a similar issue)

Great work Graet

In the mean time I will be pointing most of my workers @ Altchains. It outpays ozco.in even when I throw only 5 khash/s at it vs 25 khash/s to ozco.in...

Update:
I now am sure that something is off at either ozcoin or Altchains. In just 1,5 hours I got the following @ Altchains:
LTC Balance: 3.64356618 LTC

Pending Confirms: 21.83445778

That's more than I got @ ozcoins in ~ 24 hours !? (roughly the same hashspeeds)

[xzion]

Hi,
We are going overr the numbers again to be sure.

There is a problem with litecoid, it is crashing regularly. we are logging to try identify the issue and sort out some auto restart (bitcoind has a similar issue)

Great work Graet

In the mean time I will be pointing most of my workers @ Altchains. It outpays ozco.in even when I throw only 5 khash/s at it vs 25 khash/s to ozco.in...

Update:
I now am sure that something is off at either ozcoin or Altchains. In just 1,5 hours I got the following @ Altchains:
LTC Balance: 3.64356618 LTC

Pending Confirms: 21.83445778

That's more than I got @ ozcoins in ~ 24 hours !? (roughly the same hashspeeds)

what's your hashrate, mining client and launch parameters for ozco?
also, as yet ozco doesn't have an 'unconfirmed balance' display on the stats on the side. however, you can see your estimated rewards from recently solved (unconfirmed) blocks by going into the All Blocks Found page (https://lc.ozco.in/blocks.php).
i've had no problems getting 50ish LC in the last 24hrs on ozco (with 5KH/s).

[tomba]

Hi,
We are going overr the numbers again to be sure.

There is a problem with litecoid, it is crashing regularly. we are logging to try identify the issue and sort out some auto restart (bitcoind has a similar issue)

Great work Graet

In the mean time I will be pointing most of my workers @ Altchains. It outpays ozco.in even when I throw only 5 khash/s at it vs 25 khash/s to ozco.in...

Update:
I now am sure that something is off at either ozcoin or Altchains. In just 1,5 hours I got the following @ Altchains:
LTC Balance: 3.64356618 LTC

Pending Confirms: 21.83445778

That's more than I got @ ozcoins in ~ 24 hours !? (roughly the same hashspeeds)

what's your hashrate, mining client and launch parameters for ozco?
also, as yet ozco doesn't have an 'unconfirmed balance' display on the stats on the side. however, you can see your estimated rewards from recently solved (unconfirmed) blocks by going into the All Blocks Found page (https://lc.ozco.in/blocks.php).
i've had no problems getting 50ish LC in the last 24hrs on ozco (with 5KH/s).

I've got around 30khash/s in total, I pointed all of it (started with 6 khash/s and scaled upwards from there) to ozcoin using:
minerd-ssse3-core2.exe --algo scrypt --s 6 --threads 2 --url http://lc.ozco.in:9332 --userpass user:password
Alas I only got 23 LTC's. As you can see on the other pool (https://bitcointalk.org/index.php?topic=48192.0;all) I am getting that in 1,5 hours I'll stick with them for now...

[xzion]

Hi,
We are going overr the numbers again to be sure.

There is a problem with litecoid, it is crashing regularly. we are logging to try identify the issue and sort out some auto restart (bitcoind has a similar issue)

Great work Graet

In the mean time I will be pointing most of my workers @ Altchains. It outpays ozco.in even when I throw only 5 khash/s at it vs 25 khash/s to ozco.in...

Update:
I now am sure that something is off at either ozcoin or Altchains. In just 1,5 hours I got the following @ Altchains:
LTC Balance: 3.64356618 LTC

Pending Confirms: 21.83445778

That's more than I got @ ozcoins in ~ 24 hours !? (roughly the same hashspeeds)

what's your hashrate, mining client and launch parameters for ozco?
also, as yet ozco doesn't have an 'unconfirmed balance' display on the stats on the side. however, you can see your estimated rewards from recently solved (unconfirmed) blocks by going into the All Blocks Found page (https://lc.ozco.in/blocks.php).
i've had no problems getting 50ish LC in the last 24hrs on ozco (with 5KH/s).

I've got around 30khash/s in total, I pointed all of it (started with 6 khash/s and scaled upwards from there) to ozcoin using:
minerd-ssse3-core2.exe --algo scrypt --s 6 --threads 2 --url http://lc.ozco.in:9332 --userpass user:password
Alas I only got 23 LTC's. As you can see on the other pool (https://bitcointalk.org/index.php?topic=48192.0;all) I am getting that in 1,5 hours I'll stick with them for now...

hmmm, don't see anything wrong there, no idea what your problem could be. what was your stale rate?

[tomba]

Hi,
We are going overr the numbers again to be sure.

There is a problem with litecoid, it is crashing regularly. we are logging to try identify the issue and sort out some auto restart (bitcoind has a similar issue)

Great work Graet

In the mean time I will be pointing most of my workers @ Altchains. It outpays ozco.in even when I throw only 5 khash/s at it vs 25 khash/s to ozco.in...

Update:
I now am sure that something is off at either ozcoin or Altchains. In just 1,5 hours I got the following @ Altchains:
LTC Balance: 3.64356618 LTC

Pending Confirms: 21.83445778

That's more than I got @ ozcoins in ~ 24 hours !? (roughly the same hashspeeds)

what's your hashrate, mining client and launch parameters for ozco?
also, as yet ozco doesn't have an 'unconfirmed balance' display on the stats on the side. however, you can see your estimated rewards from recently solved (unconfirmed) blocks by going into the All Blocks Found page (https://lc.ozco.in/blocks.php).
i've had no problems getting 50ish LC in the last 24hrs on ozco (with 5KH/s).

I've got around 30khash/s in total, I pointed all of it (started with 6 khash/s and scaled upwards from there) to ozcoin using:
minerd-ssse3-core2.exe --algo scrypt --s 6 --threads 2 --url http://lc.ozco.in:9332 --userpass user:password
Alas I only got 23 LTC's. As you can see on the other pool (https://bitcointalk.org/index.php?topic=48192.0;all) I am getting that in 1,5 hours I'll stick with them for now...

hmmm, don't see anything wrong there, no idea what your problem could be. what was your stale rate?

According to ozcoin: Lifetime Stales: 3

NB the pool seems to be down again currently (Fatal error: Uncaught BitcoinClientException:

• : Connect error: Connection refused (111) thrown in on line 0)

[demkd]

unstable pool.

[Matoking]

The share difficulty seems to be really low. I'm getting accepted shares constantly (at ~3.50 kh/s)

Not like it would be a bad thing, I like watching a huge list of accepted shares scroll down.

[Graet]

unstable pool.

It has been, our apologies.
Now we are all awake again we are on top of it

tomba, i'm still trying to work out how/why your issue is occuring

[tomba]

unstable pool.

It has been, our apologies.
Now we are all awake again we are on top of it

tomba, i'm still trying to work out how/why your issue is occuring

Hi Graet, no problem For the time being I am mining at Alt Chain which returns between 0,5 to 1 LTC per minute I mine

[Graet]

SSL certificate issue fixed
over 12,150LTC mined and paid out in our first 48 hours despite some stability issues.
pool has been running without issue for over 12 hours - stability is here

coming soon
Estimated unpaid earnings - a total of your expected earning form immature blocks

any features YOU would like to see - let us know

[worldinacoin]

Just started Litecoin mining at your pool.  Didn't see any instability, but really like to see the number of "yay!!!"  that your pool is giving

[Graet]

Just started Litecoin mining at your pool.  Didn't see any instability, but really like to see the number of "yay!!!"  that your pool is giving

Welcome to you
the "yay"s are encouraging

[3phase]

SSL certificate issue fixed
over 12,150LTC mined and paid out in our first 48 hours despite some stability issues.
pool has been running without issue for over 12 hours - stability is here

coming soon
Estimated unpaid earnings - a total of your expected earning form immature blocks

any features YOU would like to see - let us know

A small request is I would like to see lifetime shares for each worker, as I mentioned in private before. Since there are no thorough CPU comparisons and not enough tests done, it is good to be able to compare performance with different switches in the miner, and to compare different CPUs.

But, no rush, it is not a big deal. Having a reliable top-tier pool for LTC is much more valuable.

Thanks for your continued work.

[Graet]

yep thanks 3phase - we are looking into it

Current features list updated