OCEAN

Bitcoin Country, here we come! 🌴

We are thrilled to announce that OCEAN has expanded into El Salvador 🇸🇻. OCEAN MINING S.A. de C.V. will serve as our global hub of business development as we continue to bring features to market that push the envelope of decentralization in #Bitcoin mining.

Thank you Nayib Bukele, Bitcoin Office SV, and Stacy Herbert for creating the blueprint for Bitcoin adoption and for welcoming us into your country.

https://ocean.sv

https://url-shortener.newsdirect.com/DWho6ywY

https://url-shortener.newsdirect.com/g8jtB8Yg

It's time for Lightning⚡️ and it's time for BOLT12🔩

As of today, OCEAN miners can attach a BOLT12 offer to their #Bitcoin address and get paid out over Lightning!

BOLT12 offers allow us to request multiple invoices for any amount while only requiring the miner to set things up once.

Miners simply sign a message containing the offer using the private key associated with their Bitcoin address.

Using BOLT12 also allows us to prove to the world that a payment was made, the size of the payment, the node to which it was paid, and that it was paid by us.

This means we can continue to offer fully transparent and verifiable pooled mining while no longer being restricted by the base layer!

Using the Bitcoin stack to its fullest is how we eliminate the need for trust and bring sovereignty to mining.

https://ocean.xyz/docs/lightning

https://newsdirect.com/news/ocean-innovates-bitcoin-miners-offered-first-ever-lightning-payouts-using-bolt12-946331135

In a FPPS pool miners don’t actually interact with #Bitcoin but rather they are treated like employees of the pool.

takes a different approach by giving sovereignty back to the miners. #MineWithOCEAN

We're excited to be celebrating the upcoming halving in #Bitcoin country El Salvador with @HalvingPartyMF and many awesome Bitcoiners.

To commemorate the event we'll be giving away a limited number of special edition T-shirts by @ProofOfInk . Be sure to pick one up at our table while supplies last.

Happy New Year from all of us at OCEAN.

2023 was an historic moment for us. Resurrecting Eligius, bringing transparency to #Bitcoin mining, and beginning the journey to decentralized block template construction.

2024 is where the rubber meets the road and we’re stoked. We’re so grateful to our early miners who have supported us, and for those on the fence, we welcome any questions you have.

If you haven’t noticed, hashrate is growing 👀 and we’re thrilled to have found our 4th block today 🎉

In the pursuit of truth @PrestonPysh and @GrassFedBitcoin discuss the “why” behind OCEAN’s mission and answer some frequently asked questions. Great job gentlemen!

#Bitcoin

Video:

Spotify: https://open.spotify.com/episode/6BMvDwrGn9qQVugTRxPLwM?si=Y081yVk_QteC17bdonKUaA

Congratulations on block three to all OCEAN miners 🎉.

The miner used the standard template which filters spam and as a result block 823129 included ~1400 more real financial transactions that otherwise would have been left out in the cold. This is the cleanest block #Bitcoin has seen in ages.

A decentralized #Bitcoin is a Bitcoin where miners decide what goes in blocks, not pools.

OCEAN's ultimate goal is to make this a reality, and today we take one step closer to our vision of decentralized block template construction.

Available immediately, OCEAN is offering 𝗺𝘂𝗹𝘁𝗶𝗽𝗹𝗲 𝗯𝗹𝗼𝗰𝗸 𝘁𝗲𝗺𝗽𝗹𝗮𝘁𝗲 𝗽𝗼𝗹𝗶𝗰𝗶𝗲𝘀, giving miners control over what blocks they are mining.

The three options are:

1. OCEAN Recommended (most real financial transactions and least spam)
2. Bitcoin Core with the “Ordisrespector” spam filter
3. Unmodified Bitcoin Core (same as other pools with fewest financial transactions and most spam)

OCEAN will continue its 0% promotional pool fee for options 1 & 2 while there will be a competitive pool fee of 2% for option 3.

Our fees are structured to incentivize miners to make choices that benefit the Bitcoin network in the long term.

Suggestions for more templates? Let us know at [email protected].

We are happy to have sponsored Unconfiscatable 2023. Amazing job Tone Vays and Mel for putting on yet another high quality #Bitcoin conference and thank you for giving us the opportunity to talk about OCEAN.

In case you missed it, our very own Bitcoin Mechanic discusses what OCEAN is all about with Jimmy Song and Nico

https://www.youtube.com/live/7kS2T1mPtQU?si=1gaYlWaaH00_mf8A

OCEAN. It’s been up and running for just over a week. Our miners are elated that we’re finding blocks ahead of schedule and they’re getting paid above market returns. We are on a path to decentralization. This is a big step forward in how mining pools operate in #Bitcoin.

Our transparency model is working and provoking important discussions. For the first time in years, Bitcoin miners can see in real-time the underlying candidate block that they are committing their hashrate to BEFORE they do the work.

Our non-custodial model is distinguishing us from incumbent pools, and government regulators are now further away from our miners’ coins than they are with custodial pools. Over time, our TIDES payout system will ensure that dozens more miners receive bitcoins directly from the Bitcoin network instead of just a few centralized pool operators.

Decentralization does not happen overnight, but we are taking important steps in the right direction, ultimately putting miners back in control of the intelligent parts of mining via decentralized block template construction. We are working hard to make this a reality, and we owe our supporters and miners a sincere word of thanks for joining us early on in this journey.

We are happy to announce testing of Bitcoin Knots v25.1 has completed successfully, and is now deployed to production. Among other improvements, this upgrade fixes this long-standing vulnerability exploited by modern spammers. As a result, our blocks will now include many more real transactions and help to bring an end to the DoS attack being performed on the #Bitcoin network.

So, in addition to our already-established benefits (transparency, non-custodial, and permissionless), we now also offer honest miners the first easy option to contribute toward blocks full of real transactions, effectively a several times larger block size in terms of transaction confirmations, without actually making the blocks any larger.

At the heart of OCEAN's journey:

, our co-founder and "guardian angel" of Bitcoin. His values and love for #Bitcoin are the pillars of our mission and its long-term sustainability.

Thank you,

Dorsey.

https://x.com/ocean_mining/status/1731017405424456105?t=BWCU2mphH62lOaE7V8hD7w&s=09

Join us in an hour for a one-of-a-kind #Bitcoin conference. Livestream begins at 10:30a EST. Special announcement from

at 2:15 followed by a Q&A with Luke and

Dorsey.

ocean.xyz/event?nostr

Only 1 day remaining until the #FutureOfBitcoinMining conference kicks off. Don’t miss our panel discussion on hyper-decentralization, open source, and #Bitcoin home mining with Templeton Thomas, skot9000, z bomstaz, J Stefanop, and Bitcoin Mechanic

https://ocean.xyz/event?meta=panel

We are pleased to have Barefoot Mining CEO Bob Burnett discuss the landscape of small to large mining operations and the need for more energy sovereignty in #Bitcoin. Tune in to watch Bob on the livestream Tuesday.

https://ocean.xyz/event?meta=bob

Is #Bitcoin on a path to centralization? Come check out what Giacomo Zucco has to say about it. Join us on the livestream on Nov 28th!

https://ocean.xyz/event?meta=gz

Bitcoin Mechanic sharing some deep insights into mining. Tune in to watch him on the livestream next Tuesday.

ocean.xyz/event

-- Bitcoin Mechanic wrote:

A systematic breakdown of issues with #bitcoin mining today - mainly focusing on pools. From yours truly.

https://bitcoinmagazine.com/technical/are-mining-pools-becoming-a-problem-

On November 28th, #Bitcoin mining will change forever.

Join

Dorsey,

, Giacomo Zucco, Bob Burnett, and other prominent Bitcoiners live to discuss the Future of Bitcoin Mining.

https://ocean.xyz/event?nostr