As announced at the #FutureOfBitcoinMining conference, I have relaunched my Eligius mining pool to help bring more decentralization to #Bitcoin mining.

I am calling it OCEAN nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze

https://www.prnewswire.com/news-releases/jack-dorsey-leads-seed-round-in-support-of-oceans-mission-to-decentralize-bitcoin-mining-globally---announces-launch-at-future-of-bitcoin-mining-conference-301999073.html?tc=eml_cleartime

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cool

Eligius was a good name. Ocean is a good name too.

Fuck off Luke you’re a POS the community doesn’t need you. Too bad nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m doesn’t see this and keeps funding your projects

What has you built for Bitcoin?

nothing hes just an edgy bro who zaps and likes his own comments xD

When you were a fiat statist cuck, Luke was building Bitcoin. What have you done for Bitcoin?

Think you need to get back on X

Looks like it has promise. Elephant in the room, are inscriptions, ordinals, and the other spam filtered in the current state?

Be careful, apparently asking basic questions about how things operate will get you blocked

Liar

Haha go ahead and block me like you blocked nostr:npub1tr4dstaptd2sp98h7hlysp8qle6mw7wmauhfkgz3rmxdd8ndprusnw2y5g grifter

But we all know now that you are dodging basic and straight forward questions

Maybe instead of calling your customers liars for pointing out your actions you should be a man and own up to them… and answer the questions

Im mining to the pool right now :D thank you for your work

Verbal diarrhea

That nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m supports your crap is outstanding

Good luck with it Luke, really hope this builds into something very positive in the mining area. I’m sure there’ll be loads of issues to iron out but wish you all the best 🤙🔥

Great work🫡

Congratulations! Don't remotely understand how the direct payments work, but very cool idea if it does.

It was very Easy to join.

I see the pool has grown to almost 300PH.

Around what level does this need to get before we have a reasonable chance of finding a block?

Can you please explain the “promotional bonus”?

At 300, it's about 11 days between blocks on average (likely a bit shorter in practice)

Normally a block reward is split across the past 8*difficulty work performed. But that much work hasn't been done yet, so early miners would get a higher payout for a while

What do you mean by "past 8*difficulty) ?

The expected work to find 8 blocks

Fantastic. What’s the payout threshold?

Currently 10 TBC (0.01048576 BTC)

Planning to make it configurable

Don't use Stratum V2.

Create a new one using ephemeral nostr events and call it THE NOSTRATUM

Don't use Stratum V2.

Create a new one using ephemeral nostr events and call it THE NOSTRATUM

Congrats Luke.

First it was swimming pools, and now you bitcoin miners are gonna drain the entire ocean!?

Is it open source?

Only part right now. Hopefully the rest eventually

Is this a joke about me keeping hope that I can eventually resurrect the parts of my beloved Osiris again bc it’s not funny, Luke

Eventually and hope… much prefer “we are actively alchemizing a complete open source awakening”

Are you gonna use StratumV2?

TBD but very likely

Thanks for your service to humanity again by gifting the world with free software. Question I have is would you publish a list of DIY mining hardware that also contributes to the free software spirit and tradition that's not propietary and gate kept so average users can pickup assemble and join your Ocean mining pool?

Curious how the non-custodial payouts are implemented.

Luke thanks for what you and Jack are doing .. people have no clue how important this move is ⚡

Why are you blocking people who are asking valid questions requesting clarity about the details of how your mining pool will operate? You blocked Seth for Privacy for asking basic and straight forward questions that we all would like answers to. Those are not the actions of someone who is trying to accomplish the goals you claim to have. Do better.

Luke! Hope all is well!! Extending an invitation for you to come speak on nostr:npub1us9uc0sjjg0vyvh7vefgu2a96hx5up5gujl6pqays65hlk4de6hsnwq4g0 for 1hr or so, lots of nostriches have questions n feedback! 👀

Dm me if interested!

nostr:npub1lh273a4wpkup00stw8dzqjvvrqrfdrv2v3v4t8pynuezlfe5vjnsnaa9nk 🫡Added my 13 TH

Nice. Same simple setup as before? Point the miner to the pool and use BTC address as username? I mined on Eligius 10 years ago, everything was great then.

Yep. But better website and plans for major improvements beyond that