Difference between revisions of "Ozco.in"

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A [[Pooled mining|mining pool]].
 
A [[Pooled mining|mining pool]].
  
Ozcoin Pooled Mining Pty Ltd (ACN: 152509272) was founded June 9, 2011<ref>[http://forum.bitcoin.org/index.php?topic=14085.0 ozco.in - New Australian Pool]</ref>.
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Ozcoin Pooled Mining Pty Ltd (ACN: 152509272) was founded June 7, 2011<ref>[http://forum.bitcoin.org/index.php?topic=14085.0 ozco.in - New Australian Pool]</ref>.
This pool pays out using a proportional share reward system (your shares / total shares for the round) x (50BTC + transaction fees included in block)= % share of the rewards.  
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This pool started out using a proportional share reward system (your shares / total shares for the round) x (50BTC + transaction fees included in block)= % share of the rewards.  
 +
On December 29 2011 the Double Geometric Method: Hopping-proof, low-variance reward system was introduced.<ref>[https://bitcointalk.org/index.php?topic=39497.0]</ref>
  
 
==Reward distribution==
 
==Reward distribution==
  
* Proportional: 0% fee.
+
* Double geometric method: Hopping-proof, low-variance reward system
* Transaction fees included in blocks paid out to miners.
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* Fee free
* Payout after 100 confirmations.
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* Payout after 120 confirmations.
* Hourly payout automatic script (manual payout available for 2% fee)
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* Instant payout for 5% donors
 +
* Automatic script runs every 10 minutes
  
 
==Extra Features==
 
==Extra Features==
* Pin number required to change account settings  
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* Email notification of change to account settings
* Getting Started page with lots of good info.
 
 
* Email on payout.
 
* Email on payout.
 
* Extensive stats.
 
* Extensive stats.
 
* Friendly welcoming IRC chanel at irc.freenode.net #ozcoin or via the "WebChat" page on site.
 
* Friendly welcoming IRC chanel at irc.freenode.net #ozcoin or via the "WebChat" page on site.
* All found blocks listed with contributed shares and earnings.
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* SSL
 +
* US and AU servers
  
 
==See Also==
 
==See Also==

Revision as of 05:32, 3 January 2012

A mining pool.

Ozcoin Pooled Mining Pty Ltd (ACN: 152509272) was founded June 7, 2011[1]. This pool started out using a proportional share reward system (your shares / total shares for the round) x (50BTC + transaction fees included in block)= % share of the rewards. On December 29 2011 the Double Geometric Method: Hopping-proof, low-variance reward system was introduced.[2]

Reward distribution

  • Double geometric method: Hopping-proof, low-variance reward system
  • Fee free
  • Payout after 120 confirmations.
  • Instant payout for 5% donors
  • Automatic script runs every 10 minutes

Extra Features

  • Email notification of change to account settings
  • Email on payout.
  • Extensive stats.
  • Friendly welcoming IRC chanel at irc.freenode.net #ozcoin or via the "WebChat" page on site.
  • SSL
  • US and AU servers

See Also

External Links

References