Why do people join mining pools?
- solo mining you will never win a single block in 1000 years. Only reason.
Why do mining pools suck.
-centralized mining leads to regulatory capture
-you get way less % of the block reward than your % hash towards the block and can't even verify that.
-mining pool operators can act unilaterally on your behalf.
*decide if you signal for software changes like segwit.
*can fill the blocks with jpegs receive compensation through back channels and forgo your fees.
*return accidentally submitted fees.
*tell you they returned accidentally submitted fees and keep them for themselves
*more shady shit.
OCEAN
-you are a miner again not rented hash power.
-you make all your own decisions like a solo miner
-you verify your pay % matches your hash %.
-pay goes through no intermediary that decides what you get. Rewards go directly to your bitcoin address.
-no one can tell you if you can or cannot mine on OCEAN.
-you can sign up and be mining in 3 minutes. No long waits to be approved.
TLDR; Mine like you are a solo miner but get paid better than if you are in a mining pool. Oh yeah and fuck centralization.