Yes
Discussion
I’m thinking to as well. I get some of the main differences between them and other pools, but their fees are quite a bit higher. I can get 0.7% and 0.5% fees on Luxor and Nicehash, respectively. Curious if their TIDES method at the end of the day still pays out more, net of fees.
You basically get paid out if Ocean find a block. Sometimes they find a bunch in one day, other times it could be days till they find a block.
Luxor and Nicehash likely "smooth out" the payouts of finding blocks as an average. You get paid consistently whether they find blocks or not, but the payout will be less.
I like what Ocean is doing and want them to be one of the bigger pools. Thats why I mine with them.
Really appreciate your explanation! I’m going to give them a go as well. I just got a couple rigs live (for the first time) so I’m curious to see how it all goes.
Also, finding out, mining with them is not for the faint of heart!
When they don't find a block for a few days it can be. It should average out over time. Look at your earnings from a monthly perspective and see if you made more or less than mining with other pools.
This is my first one, but I do trust that the payouts will be a bit more with ocean. The thing that sucks is I will need to migrate to my business bitcoin address in a few days so I’m going to lose my share log contribution.
Maybe you can wait till after the share is distributed.
Yes, I’ll do that. Did you notice higher payouts with Ocean?
I only have a tiny setup at home. Its a nerdaxe. I tried with braiins and they paid out about 30 sats consistently a day. With Ocean I was getting more per block found, but they've recently increased their hash rate so now I'm getting about 30 sats per block.
Also when fees spike it changes the payout.
I haven't done any serious testing to see which one pays more. I kinda like the Ocean model and want them to get at least 1% of the hash rate. Thats why I'm mining with them instead of solo mining.
You can give it a go for a month and see which one pays more.