Ozco down for me since 10 hours...

I have about .10 pending from dgm it looks like and .063 from pps i only have 2.4ghash so not worth mining now waiting for all my coins to sell them to fastcash to convert to paypal.

Hello Miners
I made a mistake:
A week ago I was getting concerned at the continued run of bad luck, I should have turned PPS off then.
Luck did not improve and after not sleeping well I got up at 3:00am to find we were on another long block and realized something needed to be done immediately.
The last 50 blocks on PPS
paid out  2071.11934723
earnt     1247.92580065
made up of
10 of last 50 payout less than 25btc
24 between 25btc and 50 btc
16 of last 50 payout more than 50btc
When the pool gets 25btc + a little transactions fees per block it is easy to see this is a problem.

Something that didn't help:
Miners moving from DGM to PPS when round went over 100% of Difficulty, I found ~40% of the pool was on PPS until share count passed difficulty then PPS lept to 80%+ of the pool - good for the miners, not so good for the pool. We initially coded payout method changes only be available at end of round but when PoT was introduced this changed - my fault for not making sure miners could not exploit this aspect of the pool.

About Payouts:
Payout have been stopped until we can code the payout script to take up where it left off when wallet empties.
Currently payout script starts at user 1 every time, if I top up wallet and payouts run the oldest members will get paid as usual, newer members wont be paid for some time.
Changing the code means we will roll through all users before starting back at user 1, the fairest way I can think of currently and hopefully will be complete within a few hours.

What I am doing:
I have put all of my personal coins into the pool and am trying to buy coins, another option I am exploring is borrowing 500-700BTc to be able to catch up on miners pay -not having a lot of luck with either yet, another option is to sell my batch2 Avalon preorder (seems people are paying up to $50k for them - crazy I know)
I am also involved in other Bitcoin based businesses, any earnings of mine from these I will be putting into pool as available until pool is "back on it's feet" or loans repaid if I am able to secure one.

 
What miners can do to help:
Keep mining
Anyone that is able to wait a little longer for coins could remove payout address until pool funds are replenished allowing those more in need of payouts to be able to come to top of the queue quicker
Above all be patient, I am committed to paying all miners as soon as possible and continuing to improve the Ozcoin pool.

I apologize for this major hiccup but am doing my best to get these issues resolved as I think more pools closing is not good for Bitcoin.

Best wishes
Graeme

Hard times :-(  But I am with you.  I set my threshold so high I would not get paid for a long, looooong time.  :-)

-Wave

I can understand you making a mistake, if there is a risk then you can end up on the wrong side of it. But this thing you said doesn't make any sense to me.  You are reminding me of Tom the bASIC man (who ended up honoring all his debt.).

Please restate the problem in simple sober terms.  How much are you short?  Will you pay out to your miners?  How long till you can make the payment?

I don't mind waiting.  You've helped me a lot I'm willing to reciprocate.

Sam

no worries from me graet. my meager 300 mhash will only payout on a full btc to help what little i can.

Nice to know whats up im retired from mining now and been sick and was working 12hr days so didnt keep up on what was happening just noticed i waset paid when i jumped on the pc to let the bitcoin client update.

I donate my pending payout to your pool, it is small sum(about 0.345btc) but that is what I can do for you. Good luck.

Graet, please check your mail, I have some hints for your current situation.

Sorry for the late reply on this...  eustratum's db sync program wasn't running... all should be back to normal.