spacestr

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BitcoinLawyer
Member since: 2024-08-23
BitcoinLawyer
BitcoinLawyer 15d

As EG says, our miners choose what to mine, not us. An important part of being a miner. For too long pools have made too many decisions and been too involved through their FPPS custodial miners. Miner choice was an important part of the early days of Bitcoin mining and we’re trying to keep folks back to the old ways of doing it themselves in a sovereign way.

BitcoinLawyer
BitcoinLawyer 15d

More than that, FPPS pools charge non-transparent hidden fees for the luck insurance policy. It’s an expensive hedge against variance. Even when OCEAN and the FPPS charge the “same” fee on the pool side, FPPS pools systematic shave the highest transactions fees from every block they find and keep it for themselves. EVERY SINGLE BLOCK THEY FIND. This shaving varies, but over time always skews in favor of OCEAN because we don’t shave the highest paying blocks from the miners’ rewards. Our pool simply splits all of the subsidy and all of the transaction fees with our miners. A light touch and fully transparent.

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co-founder and chief legal officer at OCEAN.

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