Guy Swann
1w ago
Mine with @OCEAN and make your own templates. Literally for the sake of the network.
npub1pu5pj
•
1w ago
Over the last 2 years 96% to 99% of the blocks were mined by only six mining pools.
https://b10c.me/blog/015-bitcoin-mining-centralization/
https://b10c.me/blog/015-bitcoin-mining-centralization/
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Replies
Free Thinker
@wittystr1337
5d ago
Why aren't they moving there already? Is it more profitable to mine at Antpool or Foundry for some reason?
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Guy Swann
@TheGuySwann
5d ago
Actually the opposite, but the network effect is difficult because payouts are far more consistent. They say that FPPS (the common model) only takes a couple of percent but it’s BS, the difference with OCEAN is significant, but the miners that join them have no incentive to share those details because the gap will shrink if a bunch more hash power joins 😆
But yes, I’ve heard that the payouts, although they only happen when blocks come in, are at worst a few percent higher on OCEAN, and most of the time it seems much better than that but don’t want to say a number and be wrong. I feel safe saying 5% higher payouts for hash isnt exaggerated.
But yes, I’ve heard that the payouts, although they only happen when blocks come in, are at worst a few percent higher on OCEAN, and most of the time it seems much better than that but don’t want to say a number and be wrong. I feel safe saying 5% higher payouts for hash isnt exaggerated.
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Free Thinker
@wittystr1337
5d ago
If it is more profitable, then you should sleep well it is only a matter of time.
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ShiShi21m
@ShiShi21m
♥︎ by author
5d ago
Bitaxe alone will change this.
Not to mention all the other micro-mining initiatives.
Then you have pool mining with Ocean & Braiins.
I think the intolerant minority is alive & accumulating defense mechanisms.
Not to mention all the other micro-mining initiatives.
Then you have pool mining with Ocean & Braiins.
I think the intolerant minority is alive & accumulating defense mechanisms.
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CitizenPleb
@CitizenPleb
♥︎ by author
1w ago
I don’t think mining centralization/mining autonomy is top of mind for most nation-states, but if they start to prioritize energy sovereignty along with mining I’d hope this starts to fragment.
Then again, if there was a global hash war between say BRICS nations and the US/EU perhaps this gets worse.
Then again, if there was a global hash war between say BRICS nations and the US/EU perhaps this gets worse.
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shawnshawn
@shawnshawn
♥︎ by author
1w ago
Happy to throw my household hashrate towards @OCEAN . I've got my 10 yr old son on maintenance duty and machine resets when I'm not home. He gets paid in sats
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nicnym
@nicnym
♥︎ by author
1w ago
Guy would you have Pierre Rochard on about this? Now that he isn’t at riot anymore maybe he can give his honest take on large miners
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DrDanielHowell
@DrDanielHowell
♥︎ by author
1w ago
I have a Bitaxe and solo mine, but not sure how to connect to ocean.
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Guy Swann
@TheGuySwann
5d ago
Literally out in a bitcoin address and then .ocean.xyz (or whatever their URL is, it’s all on their website) into the miner login credentials and that’s it. They will pay to your address if you want to pool split. If you want to lottery/solo mine but want to change when it is that you get a payout. (You can actually choose your own odds with the pool) you can install DATUM and set a custom threshold lower than a full block. For instance you can set it for probability of finding a POW once a year, and earn $300 or something instead of 3 BTC.
But if you just want to mine with the pool in a standard way, it’s the address and ocean url which you can find easily on their site.
I should probably do a video on how to install DATUM honestly. It
But if you just want to mine with the pool in a standard way, it’s the address and ocean url which you can find easily on their site.
I should probably do a video on how to install DATUM honestly. It
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DrDanielHowell
@DrDanielHowell
4d ago
And yes, do the DATUM video!
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DrDanielHowell
@DrDanielHowell
4d ago
Did it! I should get my first payout in about 50 years or so. 😂
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shawnshawn
@shawnshawn
♥︎ by author
1w ago
Assuming you're not running your own node and would like lightning payments. It's a bit of a process but worth it. These are instructions from grok, follow them exactly and you'll be fine.
Setting up Lightning payments with the Ocean mining pool without running your own node is possible using Coinos.io, a web-based Bitcoin and Lightning wallet that supports BOLT12 offers. This is a great option for miners who want to avoid the complexity and cost of managing a Core Lightning (CLN) node while still receiving payouts via the Lightning Network. Below are the detailed steps to configure this setup using Coinos.io, tailored to your request and based on available information.
---
Prerequisites
1. **Ocean Mining Account**: You should already be mining with Ocean and have a Bitcoin address registered as your mining username (e.g., a P2PKH, P2SH, Bech32, or Bech32m address).
Setting up Lightning payments with the Ocean mining pool without running your own node is possible using Coinos.io, a web-based Bitcoin and Lightning wallet that supports BOLT12 offers. This is a great option for miners who want to avoid the complexity and cost of managing a Core Lightning (CLN) node while still receiving payouts via the Lightning Network. Below are the detailed steps to configure this setup using Coinos.io, tailored to your request and based on available information.
---
Prerequisites
1. **Ocean Mining Account**: You should already be mining with Ocean and have a Bitcoin address registered as your mining username (e.g., a P2PKH, P2SH, Bech32, or Bech32m address).
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shawnshawn
@shawnshawn
4d ago
Luke Dashjr
@Luke Dashjr
♥︎ by author
1w ago
Can't solo mine (or use Bitcoin at all) without a full node 😉
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ShiShi21m
@ShiShi21m
♥︎ by author
5d ago
So when you're mining in a pool you're using their full node?
How does this work with solo mining?
How does this work with solo mining?
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DrDanielHowell
@DrDanielHowell
1w ago
Yes I do run a full node.
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Motorist
@BitcoinMotorist
1w ago
Hypno Kitty
@hypnokitty
♥︎ by author
1w ago
Proud OCEAN + Datum miner.
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