OCEAN. It’s been up and running for just over a week.  Our miners are elated that we’re finding blocks ahead of schedule and they’re getting paid above market returns.  We are on a path to decentralization.  This is a big step forward in how mining pools operate in #Bitcoin.

Our transparency model is working and provoking important discussions. For the first time in years, Bitcoin miners can see in real-time the underlying candidate block that they are committing their hashrate to BEFORE they do the work.

Our non-custodial model is distinguishing us from incumbent pools, and government regulators are now further away from our miners’ coins than they are with custodial pools.  Over time, our TIDES payout system will ensure that dozens more miners receive bitcoins directly from the Bitcoin network instead of just a few centralized pool operators.

Decentralization does not happen overnight, but we are taking important steps in the right direction, ultimately putting miners back in control of the intelligent parts of mining via decentralized block template construction.  We are working hard to make this a reality, and we owe our supporters and miners a sincere word of thanks for joining us early on in this journey.

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