Replying to Avatar Uxellodunum

Not everything is about the money - Even if temporary, pointing your hashrate elsewhere sends a message.

Small solo miners pick their own TX template, and are obviously free to do so.

Most pooled miners may not even be aware of what templates they use but if they understand the importance of mining decentralization, staying on other pools actively says you're ok with censoring TXs - Because let's be clear, TXs that actively price out the majority by huge amounts when they could perfectly do so in a bulk state over time, is censorship.

The fact that most mining pools also share the same payout custodian is also dangerous for any miner.

Regarding the 1 mil sat payout rule, I could say long-time-preference and upcoming Lightning are things to keep in mind, but truth is this is happening right now. I'm happily forgoing my would-be current rewards because at this stage I find keeping mining healthy to be more important - I can wait for the rewards. Many may not be able to do so, but many others may be.
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English Ple₿eian 1y ago

If Ocean truly wants to attract all the hashrate from small solo miners, they need to remove their 1mil cap for a start.

They can do this by enabling lightning payouts, they could do daily payouts at no cost to them & no limits.

Until they do exactly this, they will NEVER attract small solo miners as playing the solo lottery is the better option, however small that chance is.

If Ocean actually do want all that hash from solos, the path for them is clear - but will they do it?

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Uxellodunum 1y ago

I believe they will, and if they don't the 'moral ground' they stand on will be ripe for the taking. Whether it's Ocean or something else, I believe Bitcoin is better off with a pool that strives for decentralization of mining efforts.

As you say, Lightning is an easy win - I do wonder what's taking them so long though, as well as the smaller payouts, it's not like they're winning anything with it other than holding onto whichever miners they take for a slightly longer run. I believe it may be a strategy to build an initial but stable hashrate.

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English Ple₿eian 1y ago

I use my own hosted instance of Public Pool, what some would call one of the truly decentralised mining methods. 🤣