JB | Onchain

The internet's favorite mining stat, explained the way you'd explain it to a five year old. No jargon, just guessing games.

Bitcoin mining is more than just an income stream. It's a way to produce Bitcoin without a name ever being attached to where it came from. This piece breaks down what mining actually is, how hash rate and mining pools work, and why non-KYC Bitcoin matters if privacy is something you value in how you acquire and hold your coins.

This week Ocean Mining Pool hit a stretch of 10+ hours without finding a block — normal statistical variance for a smaller, self-block-building pool, but a real stress test for any miner depending on that payout. The letter breaks down why the math works this way and why the tradeoff (self-built blocks over a big pool's smoother payouts) is still worth it.