But if more hash hits Ocean, the block frequency acquisition can go up in a more decentralized way! nostr:note1x0jcq9swuxanz0ssdtkteyy7la9r7rhu57mgea8cwp0g8alxzsaq8xn24d
Discussion
Yes, a chicken and egg scenario. I am a perfect example of the dilemma; I would love to mine with Ocean, however they have not found a block since before the halving. I pay my electricity costs from mining rewards and payouts that are less predictable introduce more risk into an already risky business. Larger miners with more Bitcoin in their treasury could theoretically mitigate this risk, however publicly traded industrial miners have little incentive to do so. This leaves miners who are somewhere in the middle and that is where Oceanβs hash is coming from in my opinion. Itβs beautiful, but in the current environment not realistic for a lot of miners.
They did get block 840879 yesterday after the halving, but you are correct regarding the bottom line, size of the pool and the practicalities that go with mining.