BREAKING: Bitcoin mining centralization.
OCEAN reaches 56% of unique miners receiving newly generated coins.
Our latest block paid out 50 unique Bitcoin addresses from the coinbase, meaning 50 people received bitcoins directly from Bitcoin itself, not from a middle man.
Over the past six months, 174 addresses have received bitcoin payouts direct from the blockchain.
97 of these were miners mining on OCEAN.
This is the way. Join the revolution. https://image.nostr.build/ 
d92872452c388990787660e1ff890c9e30df6e615506d020fd83df189819e93e.png
This is not a great decentralization success story.
What we actually have is a pool mainly used by a small number of relatively large hashers. A real decentralization success story would be if the number of individual hashers was so large, coinbase payouts were completely impractical, and almost everyone was getting paid by Lightning.
Yes.
It's progress
How do we get more people to recognize the risk of mining centralization and move to ocean or somehow break up the monopoly on hash rate?
What a bad take.
Who else is even paying out from the coinbase transaction?
Who care? Coinbase payouts are a way to avoid custody risks. They don't make a pool decentralized. If anything they increase the cost for a pool's hashers to be decentralized as during high fees they're wasteful.
Lightning payouts are much more important than to hashing decentralization, as they make it possible for large numbers of small miners to get paid on time.
