Ocean already has 82 people mining through the newly launched Decentralized mining pool! Now that’s a successful launch on the first day.

People need to check this thing out.

https://ocean.xyz/dashboard

Congrats nostr:npub1lh273a4wpkup00stw8dzqjvvrqrfdrv2v3v4t8pynuezlfe5vjnsnaa9nk nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m

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Discussion

CORRECT

Woah, it was at 75 people 10 minutes ago! Pres, if this is fully decentralized, does it have the potential to gobble up all the centralized pools?

Centralized pool seems like a contridiction in terms. Maybe centralized hash rate.

nostr:npub1w64uxt9xmuhdfq6mmeypveme46svvfphx4r69yndmjsgask6knwqjx0ymf is famous

Some of my hashrate should be there by tomorrow. :)

nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze account

ā€œTo make it worth everyone's effort to switch, OCEAN will be at 0% [fees] for the first 2 months of operation. After that we will need to introduce fees, but they will be kept reasonable and fair for all sizes of miners.ā€

I was among the first 25!

11,631 Blocks Found!? šŸ¤”

1) W

2) H

Uhhhhh wtf is up with these numbers 🤣

Oh I see, they’re including blocks mined under the old company/name

Incredible. Simple.

Will sessions be recorded?

Love to see Nostr at the top

+ 20 people

+ 30 Ph/s

after 2 hours

I think I may have been in the 20s or 30s..? Maybe? There were only 2 pages of participants when I joined. Second was not full.

Feels good being early!

So recycling address is not a concern anymore?

Wen FOSS?

I'm about to add mine tomorrow, maybe later tonight.

It’s up to 112 people at 116ph/s

I like the concept, but how do you avoid small uxto's? I have a couple of old, crappy miners I use for space heaters. How would I avoid getting a bunch of small, uneconomical payouts?

In the about page they mention they are working on LN payouts

Great idea. The direction is great. One downside compared to other pools is Seems like this could make taxes a real problem.

X3 from op and +6hrs. I would think this will shake up other pools structure significantly at some point.

It's a brilliant thing. Well done ocean and nostr:npub1lh273a4wpkup00stw8dzqjvvrqrfdrv2v3v4t8pynuezlfe5vjnsnaa9nk

I really wish it were ā€œdecentralizedā€, but it’s really not at all? It’s just faster payouts, sadly.

Maybe there’s some plans to make it decentralized, but I don’t see them listed anywhere on the page?

When would you consider this decentralized?

When there’s not a single centralized party that controls everything about block building and payouts.

Interesting. You gave me some food for thought.

153

I'm doing my part! 🫔

According to my calculations ocean currently has 130 ph/s compared to entire bitcoin hash power of 500000 ph/s (.026%). Which isnt much, but has 3x in the past 18h. Hope to see it continue climbing

If they keep going like this, they'll be getting hashrate from me as well.