Why is Ocean pool better?
Discussion
#Ocean pool filters out the ordinals that scam the blockchain.
Ordinals scammers are paying the pools to accept their trash and they are making fortunes with the increase of the transaction fees.
#ocean pool is NON CUSTODIAL that means you get the freshly mined #bitcoin directly onto your wallet. All other pools have custodial payout methods, FPPS+, that are opaque and all of them are paying out their used bitcoin to the miners.
All pools except #Ocean are capaple of manipulating the block templates according to their needs. This should be the task of a miner, who does the work.
Centralized mining is a huge threat to bitcoin. 11 pools are dominating the market, either US or China based.
Nobody talks about it.
Oh wow. Well if that’s the case, I can agree with you! I’m not very familiar with all that. But you made some valid points.
But how can we get better decentralization of mining?
What do you think about that?
It's difficult because actually many mining farms are only interested in profit. They don't care about the #bitcoin philosophy.
#ocean must grow and show that an open source payout protocol and a blocktemplate that filters out scam is essential for the future of #bitcoin.
It's also profitable.
Watch this episode with bitcoin Mechanic of Ocean. I discussed this topic for hours with our mining host and he agrees 100%
The topic is very complex and loaded with wrong accusations, like censorship and so on, but it's necessary, that we discuss it and spread the message.
You can get a #Bitaxe and mine on ocean. I've read that Ocean will be implementing payouts on Lightning soon so will look to switch over then. The hash rate on the Bitaxe isn't all that compared to the big mining set ups but remember there are more of us than there are of them!
Ordinals are not scamming anything. It's a valid part of the protocol right now. There is no scam.
Well not a scam (maybe) but not needed IMO. No?
That's wrong!
Ordinals don't contribute anything to the electronic peer to peer payment system of Satoshi Nakamoto.
If you want to sell shitty NFT go to ETH
Well I can “agree” in a way that it’s not a scam… kind of… but indeed, the whole idea of Bitcoin is not meant for NFT (which are crap anyways IMO)
The point is, that the nodes and the protocol are constantly filtering out wrong and faulty transactions and nobody calls it censorship.
Now all of a sudden the scammers use the "censorship narrative" and everybody hops on to that argument.
If you join a chess club and you want to play according to monopoly rules, you will be censored too. 🤪