Learn to buy anonymous Bitcoin:
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In this video, I discuss the launch of a new radically transparent and permissionless Bitcoin mining pool (Ocean), funded by Jack Dorsey and run by Luke Dashjr.
Bitcoin mining rigs are individual machines (ASICs) whose hash rate can be pointed at any mining pool globally. This makes switching costs very low, and helps to keep the mining pool space competitive. Mining pools that attempt to censor Bitcoin transactions may find themselves losing participants.
The new Ocean mining pool has a number of interesting features:
1) It's non-custodial. The pool never holds the BTC payout, and so avoids custody and money transmitter license (MTL) issues. Individual miners get paid out directly by the Bitcoin network from the block reward (6.25 BTC plus transaction fees).
2) It's transparent. All operations and payouts are verifiable and auditable.
3) It's permissionless. You don't need permission or KYC to join Ocean.
In addition, Ocean will be adding Lightning Network payouts to miners soon (great for LN liquidity and for small miners). Ocean will charge a 0% fee for its first 2 months of operation.
Bitcoin just keeps winning and winning and winning. The tools and new companies that have been built during the bear market are incredible.
Not investment advice! Consult a financial advisor.
Ocean mining pool:
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Watch Ocean's block template:
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Watch Ocean's hash rate:
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BSV hash rate is pathetically low:
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F2Pool Is Likely Filtering OFAC-Sanctioned Transactions:
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F2Pool Disables Transaction Filtering Patch (For Now):
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Bitcoin mining hash rate distribution across pools:
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Bitcoin Controlled By Two Mining Pools?
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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#bitcoinmining
#crypto
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