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fountainhead profile picture
@OCEAN @Bitcoin Mechanic @Unhosted Marcellus

Apologize if this has already been discussed, but, during the BIP110 mandatory signaling period, will Ocean’s back end flip to enforcing? In other words, will the pool still accept non-signaling shares during this period?

Similarly, should there be a resultant chain split, will the pool only mine on the new BIP-110 chain tip?
2
Unhosted Marcellus · 2w
I don't work for Ocean and never had any insider knowledge on that topic, but they just posted this announcement on X. https://blossom.primal.net/b94839bef442b43a653d4adbaeb01f529b6ac4ca9bb75b03ce88e6368de1504f.png
Unhosted Marcellus · 16w
Alright. Yes, these are always rejected.
Matthew Kratter · 16w
Bitcoin Mining Just Changed Forever https://blossom.primal.net/f03e193d89d4d2f556052bcbf5eb76f4533ce6da60891b03026c4ac3d08b64bf.mp4
fountainhead profile picture
fountainhead @fountainhead
I questioned the non KYC aspect here:

https://primal.net/e/nevent1qqst4p68x7rqjtlgkt64mfvg4e3q6hs34stl4fcts5gzj58n7ypk96cr0w834

Seems like that needs some further clarification.

Also, might want to elaborate on Ocean’s payout policy as well just so anyone that wants to try this is aware. On chain payout minimums are around 1 million sats. That’s roughly around one month of 1Ph/s hash rental from Braiins at today’s rates. If you rent less hash and/or want more frequent smaller payouts, you need to setup lightning payouts which require a Bolt12 offer.

Just FYI’ing.
3
ethfi · 16w
Energy returned
mIX · 16w
The Bolt12 payouts on Ocean are generally done daily, which is pretty good when compared to many other pools.
Uncle Ted ⚡️ · 16w
It’s extremely easy creating your Bolt12 invoice using Coinos.io. I know it’s custodial but you can transfer after to your non-custodial wallet.
Unhosted Marcellus · 17w
And to be totally clear: it's perfectly rational to mine bitcoin at a loss, there are lots of reasons to do it and you can scale your cost to whatever amount you want. What is not rational is to be a...
 fountainhead profile picture
fountainhead @fountainhead
@Daniel Prince @Unhosted Marcellus

I really like the idea of this and am currently spinning up a new/separate pruned knots node to test it out.

There’s been a lot of talk or inferring about the advantages of this with regard to getting clean non KYC’d sats. I totally get that from a ‘mining’ perspective in general, but, unless you rent the hash from Braiins using non KYC’d sats to begin with, aren’t you essentially KYC’ing all sats associated with your payout address?

@Matthew Kratter ‘s video yesterday made it clear that you shouldn’t fund your Braiins account directly from an exchange, but, instead, you should fund it from a separate wallet once removed from the exchange (e.g. exchange -> sparrow-> Braiins). I fail to see how this accomplishes anything.

What am I missing here?
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Little Johnny · 16w
If I remember right, nostr:nprofile1qywhwumn8ghj76r0w3exjemgw3hx7aewdehhxarjxyhxxmmd9uqjqamnwvaz7tmvd938yetjv4kxz7fwv9shymmwd96k66tf9e3k7mf0qqsggcc8dz9qnmq399n7kp2yu79fazxy3ag8ztpea4y3lu4klgqe46qpqyc8n said that non-KYC sats CANNOT be used to rent the hash from Braiins... but I want to highlight tha...
Unhosted Marcellus · 16w
It's true that renting hashrate for your DATUM gateway is like swapping your UTXOs for new ones coming directly from the coinbase transaction of OCEAN blocks, but there's very little privacy (if at all) considering all the information that Braiins sees (and what's public). You can add several layer...