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Bitcoin Mining Decentralisation with Ocean - Bitcoin Mechanic (SLP528)
· 29.11.2023 · 14:00:17 ··· MiTTwoch ⭐ 0 🎬 0
📺 Stephan Livera
Official Podcast Episode: https://stephanlivera.com/528
Has Bitcoin’s Mining ecosystem become centralised? What can be done about it? Bitcoin Mechanic from Ocean joins me to talk:
- Hashers vs Miners
- Different pool payout methods
- Stratum v2
- Block withholding attacks
- What Ocean is doing about it
- Fees
- Lightning payouts
Timestamp:
00:00 - Introduction
01:13 - Bitcoin Mining Critique
03:05 - Hashers vs Miners
07:23 - Why hashrate centralises into big pools
13:33 - What is FPPS?
17:14 - What is PPLNS?
23:38 - [Sponsor] Swan.com
24:38 - Summarising the critiques
30:02 - Stratum v2
30:54 - Block withholding attacks
38:18 - What is Ocean?
44:38 - [Sponsor] Mempool.space
45:23 - [Sponsor] Coinkite.com
47:10 - Non custodial Mining Pool
49:10 - Who should mine with Ocean?
51:43 - Starting on 0 fee, and then going up
53:50 - Lightning payouts
57:00 - Decentralized block template construction
Links:
- X: https://twitter.com/GrassFedBitcoin
- Site: https://ocean.xyz/event
- X: https://twitter.com/ocean_mining/
- Article: Are Mining Pools Becoming a Problem? : https://bitcoinmagazine.com/technical/are-mining-pools-becoming-a-problem-
Sponsors:
- Swan.com (code LIVERA): http://swan.com/livera
- CoinKite.com (code LIVERA): http://coinkite.com/
- Mempool.space: https://mempool.space/
Stephan Livera links:
- Follow me on X @stephanlivera: https://twitter.com/stephanlivera
- Subscribe to the podcast: https://plinkhq.com/i/1415720320
· 29.11.2023 · 14:00:17 ··· MiTTwoch
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