Amazing News For Bitcoin Mining (Ocean)
Learn to buy anonymous Bitcoin:
https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoin
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:
https://ocean.xyz/
https://bitcoinmagazine.com/business/ocean-jack-dorsey-funds-bitcoin-mining-pool
Watch Ocean's block template:
https://ocean.xyz/blocktemplate
Watch Ocean's hash rate:
https://ocean.xyz/dashboard
BSV hash rate is pathetically low:
https://bitinfocharts.com/comparison/bitcoin%20sv-hashrate.html
F2Pool Is Likely Filtering OFAC-Sanctioned Transactions:
https://www.nobsbitcoin.com/f2pool-is-filtering-transactions-from-ofac-sanctioned-address-report/
F2Pool Disables Transaction Filtering Patch (For Now):
https://www.nobsbitcoin.com/f2pool-disables-transaction-filtering-patch/
Bitcoin mining hash rate distribution across pools:
https://hashrateindex.com/hashrate/pools
Bitcoin Controlled By Two Mining Pools?
https://www.youtube.com/watch?v=jPqyusHH850&ab_channel=BitcoinUniversity
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
Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.
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