Bitcoin Forum
June 14, 2024, 09:53:57 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Bitcoin / Pools / Re: Eligius pool is back under the new name Ocean on: December 25, 2023, 09:47:01 PM

So you did this to avoid custody, which is great, I mine on PPS pool that keeps my money for 24 hours before paying me, Ocean now has your money (dust and in form of hashpower) for a few weeks, probably for a lot longer, so the custody aspect is even worse.

Also for the 0 fee thing, they censor ordinal transactions, which means if they find a block now, instead of getting say 9.25 btc they would get about 7.75, so in other words, you would lose 15% of your potential profit, the highest PPS fee is 4% so you are paying 11% extra for the time being at least given that ordinals are still a thing.

Thank you for answering my question, I wish you the best of luck.


Cheers. I had already applied to Foundry while mining on Ocean, so I switched to them mid month. Getting paid every 24 hours is the definitely way to go for me.
2  Bitcoin / Pools / Re: Eligius pool is back under the new name Ocean on: December 20, 2023, 10:45:36 PM
The main reason I decided to try Ocean Pool was because I liked the idea of transparency with payouts (i.e getting paid directly when each block is found).
Also the 0% fee and promotional payout helped too. I didn't start until just before the first block on the 1st. I think it was like a few hours before too. And I had to stop on the 14th so I could mine enough to pay my electric bill. I'll still get paid something on the next block, but that obviously is diluting as the more days pass. I will probably end up losing maybe a few days to a week of income, hard to tell at this point. But yeh, I'm running a business here, so I probably should have stayed with one of the bigger pools.
3  Bitcoin / Pools / Re: Eligius pool is back under the new name Ocean on: December 19, 2023, 08:17:36 PM
Does luck generally average out over time with smaller pools? Ocean found 2 blocks pretty fast, but looks like the third one is averaging out. Sitting at 2.57 times expected currently. Generally what would be a worse case between blocks? I’m pretty new to mining just wondering how bad could it get? It’s difficult hanging around when you have the electric bill to pay.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!