Mining on Ocean

Bitcoin
1

Hi All, I’ve just started mining on Ocean & wondered if any of you can help with their dashboard stats?

Re the 3 boxes at the top of the screen, am I right in saying:

Shares in Reward Window - This is your amount of shares for the whole 8 block window?

Estimated Rewards - This is your earned share sat total x 8 blocks?

Estimated Earnings on next Block - the amount of sats you get paid on the next block found?

If you’re set-up for Lightning payments how often do Ocean make payments, is it every time the 8 block window completes?

2

Afternoon,

I didn’t realise the reward window was every 8 blocks and yes, once you’ve entered your address I’ve understood the same as you. I’ve not set-up the Bolt 12 offer yet so not sure on the payout frequency.

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3

Shares in Reward Window - I like to thing of this as my current “tickets” still inside the 8-block queue.

Estimated Rewards - An estimate of what those tickets are likely to bring in by the end of the cycle.

Estimated Earnings on Next Block – An estimate of what you’re likely get in the very next block.

With Lightning turned on, Ocean tries to pay you every single block, falling back to on-chain only if Lightning delivery keeps failing and you accumulate the minimum on-chain payout balance.

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4

I did get a Lightning payment for the block Ocean found last night, but no payment as yet for the block they found this morning. It may be they have a “1 payment per 24 hours” schedule or something of that nature. Either way, happy it’s all set-up and payments have begun :partying_face:

5

There is a delay between a block being mined and receiving the lightning payouts, and the duration seems to vary a lot. It may have to do with channel re-balancing, a payout schedule, or some combination of operating processes. Not sure how they have it set up behind the scenes.

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6

The current 8 block window is now 9 blocks, so it seems the solo-mined blocks do count for earnings but don’t count for the rewards window duration. If I’m right there needs to be 2 more pool-mined blocks.

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7

From Ocean: Lightning payouts are made 30 blocks after an OCEAN block is found. However, Lightning payments are currently suspended while site maintenance takes place.

8

Fletcher, if you do see a lightning payout from Ocean, could you post an update here and let me know? With Pauls help, I got my issues fixed (i think!), but haven’t seen a payout yet. I might be in the same waiting window that you are. I haven’t seen any Lightning payouts yet, and it’s been a couple of days. I’m not certain if something is still incorrect for me, or it’s their site maintenance issue. I’m interested to know if and when it’s working for you though.

9

Will do. Maintenance will last until Friday night at least, and there have been no Lightning payments to me since Sat. night.