Mining on Ocean

I don’t think they mean any malice, Bitaxe’s have really taken off and some feel the odds are stacked against them hitting blocks etc. and therefore don’t want to raise people’s hopes. They mine and earn sats like every other miner, if you’re happy with them mine away :grinning:

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Go Bro… stack them sats

I’d say Ocean just want us to participate in defending the network from centralised monopolies by allowing hashers to ethically pool in a manner which is true to the bitcoin ethos. The gravy is home miners building our knowledge to step off into solo mining to our own mempool instance using templates of our own choice. All machines are welcome!

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I defiantly agree that OCEAN has no ill intent what-so-ever. I apologize if I came off like that as that was not my intention. I just thought their answer to the question was a bite harsh (but true).

No apology needed. We’re all on the same page me thinks and it’s goods to be hanging with folks operating on the same wavelength at a similar place knowledge wise

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I’m a curious George at times so here goes. I have a few BitAxe’s pointed at Ocean through my own service (Datum, Knots) on my Start9. I have noticed that moving from Braiins pool to Ocean that the Shares amount (less than 1000 for 7 days) is very, very small compared to when on Brainns. I think Braiiins was into 10000+ (without Datum in the loop) over the same period. Before I get into how OCEAN works internally in the “Shares In Reward Window” I’m curious if others notice shares amount be low (if you have a low TH/s ASIC) and do you think that effects rewards/payouts? My thinking is it does because that’s how TIDES works.

Thanks

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Think of shares as equivalent to blocks on the main chain. They have a difficulty adjustment which, like blocks, affects the rate at which they are mined. Ocean has (IMO) their minimum difficulty set a little too high (Braiins uses a more reasonable value). The effect is a lower number of shares within a given unit of time, which also generates a more volatile hash rate graph. Ultimately, though, the number of shares within unit time alone isn’t what defines your contribution – it is a combination of the number of shares + difficulty within unit time that does. A better metric to compare is the average hash rate over time. Obviously if you see a big difference there between Braiins vs Ocean, then that would be a concern. The share count alone just indicates that the two pools are sampling at different rates.

Just my own update. The Tides diagram seems a good guide, your miners ramp up to a certain level and then you slide from one reward window to the next, retaining the earnings per block you’ve earned (as long you continue to mine at the same level). As per the diagram you will continue to be paid after you stop mining until the reward window moves on again. Ocean blocks and Datum blocks trigger a payout.

Yes sir. I concur. I watched a bit of The Mechanic and I see where he mentions each share gets paid 8 times and of course the share window is 8 blocks worth of shares. It took a few days for OCEAN to find a block last week. Roughly 5 days but payout/rewards worked as he mentioned.

BTW - Have you ever looked up your own ranking? The Pool page is full of good info for sure. Everything is transparent as they mention. Another thing to take note of is who the power houses are…ZettaPow, Just for Krypto, Penguin, Bitcoin to the Moon, Munich International Mining, etc…those miners are really pumping in the Ph/s for sure.

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BTW Fletcher - has the Estimated Earnings Per Day come into any resemblance vs. actual for you?

I haven’t taken any notice of that stat, I will try to keep an eye on it and see if it makes any more sense to me now.

There are interesting stats on the Pool page, total participants (1394 presently) , ALL user activity. Your ranking…I rank 701 out of 1394. More interestingly is the power users and their data.

I thought I was rocking with the Shares In Reward Window being 2.68G and Estimated Rewards In Window 8000. Come to find out I’m smaller than an ant compared the the PH/s workers on OCEAN. :grinning: