Topic: Eligius pool is back under the new name Ocean - page 6. (Read 3019 times)

Miners in OCEAN probably make more than a miner in any other pool by hashrate given the 0% fee and the disadvantages of FPPS share models other than TIDES which ocean utilizes.
...

And now Ocean is helping the spam by mining empty blocks, this is just gold! But..
Neah, it's not censorship, it's too much luck  
The block as mined at 00:32 and the previous at 00:31 probably again the same thing, found the block the second they started, didn't wait for the the tx template and broadcasted the empty block to make sure they get at least the block reward. Others do it too but for Ocean with their 1/1000 chance of finding a block this really blows.

Alani123, how are those profits coming?


LE, yeah, as I thought, Luke is against going nuts on x!
He says his empty block is actually a good thing since it adds security to the blockchain! LMAO!

How is it possible to have ZERO "legit" transactions in that block?

The mempool is far from empty... do they censor literally EVERY transaction and just get the coinbase transaction (6.25 BTC)?

I'm just gonna leave this here...

https://mempool.space/block/0000000000000000000358db21e5c9343f96c0733e2343d0c8c7137fd80dd47c?showDetails=true&view=actual#details

So they've no decided to mine empty blocks if there is not enough 'legit' tx's available?
Idiots... 

I'm just gonna leave this here...

https://mempool.space/block/0000000000000000000358db21e5c9343f96c0733e2343d0c8c7137fd80dd47c?showDetails=true&view=actual#details

Miners in OCEAN probably make more than a miner in any other pool by hashrate given the 0% fee

...Also something most people don't realize is that OCEAN doesn't exactly ban inscriptions. In their latest block there was a single inscription that was included. It was included because there are certain requirements in the filters. Maximum data included must be under 42 bytes and the fee paid must be higher so as not to take advantage of the bug that gives full witness discounts to excessive data....

OCEAN has been steadily increasing its hashrate.

Now that a new block was mined more people might want to jump on the pool with their hashrate that they had sitting on other pools.
OCEAN's TIDES system is quite rewarding compared to FPPS/PPS and PPLNS pools, especially now. If s block is mined with exceeding luck miners on Ocean Pool get paid their full rewards, including luck, immediately.

There's no need to impose anything on full nodes , as long as these transactions aren't included into a block .

I also understand it's perfectly possible for regulators to impose these laws on every node, not only miners' node, something like "Anyone running a BTC node must blacklist the following addresses".

I could be wrong, but i would assume something like that would be a lot more difficult.

Mined their 3rd block after 24 days.
From what others are saying it is BTC 0.15 to 0.16 less than a block mined with a block template with everything in it that could be in it.

The pool would be allowing the transaction - they specifically receive it from the miner.
You cant distribute a block if you don't know the full details of all the transactions in it. Just the block header isn't enough.

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.

I think that both miners and pools will face legal problems in case of sanctioned funds move . Not to mention core devs . But what do i know .
It's time to understand that this space isn't a place where you only have rights , but also obligations . And by coding or hashing or creating templates you're not not outside the law . The "it's decentralised so we can do anything we want" mentality starts to fall apart .

https://github.com/bitcoin/bitcoin/issues/29137

'With this Issue being posted to the official repository for Bitcoin and with this Issue being closed/dismissed by an official representative of Bitcoin Core, sanctions violations on Bitcoin have now moved from "negligent" to "culpable mental state greater than negligence." Thank you for your service.'

https://statutes.capitol.texas.gov/Docs/PE/htm/PE.6.htm

Sec. 6.03.  DEFINITIONS OF CULPABLE MENTAL STATES.  (a)  A person acts intentionally, or with intent, with respect to the nature of his conduct or to a result of his conduct when it is his conscious objective or desire to engage in the conduct or cause the result.

(b)  A person acts knowingly, or with knowledge, with respect to the nature of his conduct or to circumstances surrounding his conduct when he is aware of the nature of his conduct or that the circumstances exist.  A person acts knowingly, or with knowledge, with respect to a result of his conduct when he is aware that his conduct is reasonably certain to cause the result.

(c)  A person acts recklessly, or is reckless, with respect to circumstances surrounding his conduct or the result of his conduct when he is aware of but consciously disregards a substantial and unjustifiable risk that the circumstances exist or the result will occur.  The risk must be of such a nature and degree that its disregard constitutes a gross deviation from the standard of care that an ordinary person would exercise under all the circumstances as viewed from the actor's standpoint.

(d)  A person acts with criminal negligence, or is criminally negligent, with respect to circumstances surrounding his conduct or the result of his conduct when he ought to be aware of a substantial and unjustifiable risk that the circumstances exist or the result will occur.  The risk must be of such a nature and degree that the failure to perceive it constitutes a gross deviation from the standard of care that an ordinary person would exercise under all the circumstances as viewed from the actor's standpoint.