Will Ocean Mining reach an exahash (1000 Ph/s) before the halving in April 2024? The pool's current hashrate after being live for a few weeks is 427 Ph/s.
https://m.stacker.news/8826
Yes, Ocean will hit 1000 Ph/s by halving43.2%
No, Ocean won't hit 1000 Ph/s by halving56.8%
44 votes \ poll ended
Ocean is kneecapping themselves by consistently rejecting fee paying transactions. Fact is, on top of the cost of variance because they're so small, you'll earn less money mining with them because they aren't collecting all the fees that they could. I won't be surprised if they fail entirely before the halving and effectively cease to exist. Due to variance, in mining failure tends to compound on itself.
Luke-Jr is truly foolish for throwing away an opportunity to actually build more decentralize mining pool, just to make a stupid, useless, political statement about inscriptions.
How much is the difference in not accepting these TX? I'd laugh if it were about 100 sats
right now it's a considerable difference. @mononautical has been posting a lot of mempool analysis and Ocean's block template for one block in particular left out approx 13% of the fees IIRC
My anecdotal comparing b/t their template and the next block that was mined was significant difference. Millions of sats, certainly not 100.
This is a pretty good take. Prettu disappointing and the risk of failure is real. I planned to mine with them but dont thimk i will anymore. My new plan is to just get a modest amount of hashpower i can throw at a solo pool once halving happens or if i get a decent chunk of change might get one of thosr futirebit II 's and solo mine directly with it. Until then ill use a pplns pool to get as much out of this epoch as i can.
Which PPLNS pool are you using?
The only one i know thats left and has reasonable hashpower and isnt ant pool...sbi crypto
Noted, thank you for following up!
This.
Ceterum Censeo: 21M is a stupid meme...
;)
Never in a million years. They filter privacy and mixing txs. Luke is a lability and his crusades are literally futile. Their entire business model is one big Larp.
That's FUD! They don't filter privacy and mixing txs. Just some implementations of privacy and mixing txs are ineffective and stupid.
What was promised: The first decentralized StratumV2 mining pool
What was delivered: Luke-jr's homemade blocks with censorship
changing the rules to your node isn't censorship!!
Bitcoin incentives are built around acting economically rational. Ocean is not doing so, so they will fail. There is time to correct course, but I don't see that happening with Luke at the helm.
Great interview by Preston covering Ocean's philosophy in depth:
https://www.theinvestorspodcast.com/bitcoin-fundamentals/decentralizing-bitcoin-mining-pools-bitcoin-mechanic/
I think it has already plateaued
we'll see!
that 6 milly jack pumped into their bags should have a technical effect eventually. even if they just a bunch of miners, right?
i meant even if they just buy a bunch of miners*
Yup they’ll make it happen one way or another! Great tail winds!
yeah I'd think so.
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