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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
  • 3% Fee
  • Pay out TXN fees
  • Merged Namecoin Mining
  • Payout after 120 confirmations.
  • Instant payout for 5% donors
  • Automatic script runs every 10 minutes
  • Pay Per Share at 5%fee available

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 EU servers

See Also

External Links