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    Amazing News For Bitcoin Mining (Ocean)



    Learn to buy anonymous Bitcoin:
    https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoin

    In this video, I discuss the launch of a new radically transparent and permissionless Bitcoin mining pool (Ocean), funded by Jack Dorsey and run by Luke Dashjr.

    Bitcoin mining rigs are individual machines (ASICs) whose hash rate can be pointed at any mining pool globally. This makes switching costs very low, and helps to keep the mining pool space competitive. Mining pools that attempt to censor Bitcoin transactions may find themselves losing participants.

    The new Ocean mining pool has a number of interesting features:

    1) It’s non-custodial. The pool never holds the BTC payout, and so avoids custody and money transmitter license (MTL) issues. Individual miners get paid out directly by the Bitcoin network from the block reward (6.25 BTC plus transaction fees).

    2) It’s transparent. All operations and payouts are verifiable and auditable.

    3) It’s permissionless. You don’t need permission or KYC to join Ocean.

    In addition, Ocean will be adding Lightning Network payouts to miners soon (great for LN liquidity and for small miners). Ocean will charge a 0% fee for its first 2 months of operation.

    Bitcoin just keeps winning and winning and winning. The tools and new companies that have been built during the bear market are incredible.

    Not investment advice! Consult a financial advisor.

    Ocean mining pool:
    https://ocean.xyz/
    https://bitcoinmagazine.com/business/ocean-jack-dorsey-funds-bitcoin-mining-pool

    Watch Ocean’s block template:
    https://ocean.xyz/blocktemplate

    Watch Ocean’s hash rate:
    https://ocean.xyz/dashboard

    BSV hash rate is pathetically low:
    https://bitinfocharts.com/comparison/bitcoin%20sv-hashrate.html

    F2Pool Is Likely Filtering OFAC-Sanctioned Transactions:
    https://www.nobsbitcoin.com/f2pool-is-filtering-transactions-from-ofac-sanctioned-address-report/

    F2Pool Disables Transaction Filtering Patch (For Now):
    https://www.nobsbitcoin.com/f2pool-disables-transaction-filtering-patch/

    Bitcoin mining hash rate distribution across pools:
    https://hashrateindex.com/hashrate/pools

    Bitcoin Controlled By Two Mining Pools?

    I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

    #Bitcoin
    #bitcoinmining
    #crypto

    Disclaimer
    Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.

    View 46 Comments

    46 Comments

    1. @Bitcoin_University on

      WARNING: There are a number of scammers who are using my image and
      channel name to try to connect with my viewers on WhatsApp and other
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    2. @paullamb1100 on

      Another great development for Bitcoin miners was the company DEMAND launching a pool that supports Stratum V2 (previously, I believe only Braiins Pool supported it). This protocol eliminates a pool's ability to censor, as the individual miners connecting to the pool are able to select the transactions that are in the blocks they are mining. Hopefully OCEAN follows the same path. Stratum V2 is a great counter-argument for Kaspians, BTW, as mining decentralization is one of their main talking points.

    6. @vmwaredream on

      Cardano founder Charles, put out a new video. Would like to know your views and insights into his new perspective on the crypto ecosystem as it relates heavy into the origin of bitcoin and its implications.

    9. @Fudmottin on

      Microstrategy has bought more BTC. They are a HODLer. They are also quite a whale. This makes me wonder what happens if big institutions and funds buy up all the bitcoin in circulation, how will mining continue to work? If no one is moving BTC around, then there are no transactions to mine. That would lead to a loss of profitability in mining, loss of hash rate, and ultimately the death of BTC. What is to prevent that?

    13. @billyjean9484 on

      Btc +400% yr forever:
      150k 2024
      600k 2026
      2m+ 2027 … why?
      Answer: Funds are forced to always buy regardless of price vs emotional retail cycles only focused on price.

    14. @sharpenedge on

      Imagine I talked my Bitcoin-skeptic wife into allowing me to purchase an Asic, obviously with the promise that it will recoup its cost over time. Am I not incentivized to point its energy at the pool with the greatest chance of finding a block (ie the biggest pool), regardless of whether or not it's OFAC compliant?

    15. @mc-kz8zn on

      Some of the challenges with bitcoin mining need more visibility, thanks for highlighting this topic today. Matt, I think a great follow up video to this would be stratum v2. It's important there's more visibility on this as well; a quick overview of what it is, the main problems it aims to solve, and why it demonstrates bitcoins ability to continue to decentralize.

    18. @icepanda4335 on

      How are you not ganna mention that they are censoring ordinal transactions? Not sure if true but it’s been all over bitcoin Twitter (x) Love your content btw ❤

    26. @frogsuit on

      Never understood how people could not get that a mining pool doesn’t control every mining rig in it. Nobody can stop you from just turning off your rig for example lol

    29. @benonkwesiga1952 on

      Topic suggestion: Sometime along the line, it would be nice to have complete take on Craig Wright FUD. Especially the court cases and his assertion that he owns the patent to the white paper etc

    32. @pandapoet244 on

      Quant and if you don't hold any for the 15 Year Long Haul right now then your a Blind f#cking 1diot. Considering the simple Fact that it has The Most Actual Advanced Technological Infulstructural Communications In Real everyday infulstructure backed by Use Cases that Involves Trillions of Dollars of Real Use Every Single Day Advancements and is the Only Only Only One that Can Seamlessly Move up to 13 Blockchain Networks Communications of A.I. in any shape or form On and Off Chain Seamless Across Space and Time into and onto another f#cking Planet and or Dimension of Communications Systems. If You Don't Hold Quant it Means Your F#cking St#p1d and You don't know What the f#ck crypto actually is and or Consists of. That's like saying I Never want to fly and own my own spaceship that can Heal Me Medically from Anywhere in the Universe. If I fall off a Mountain Stuck in a F#cking Gap I don't want my Space Sh1p to come from Across the Galaxy after Dropping off my Beautiful Wife to Come Save my Ass So I can continue making beautiful f#cking babies while f#cking My Hot Wife on any planet I want. Thats like saying I dont want a Yacht that can Fly to the Biggest planet in the Universe and keep me Safe While i have Hot degrading sex with beautiful f#cking Mermaids that are Blue and f#cking Sexy. If you dont own Quant it Means you don't have a d1ck or maybe Your d1cks to b1g because if you didnt Have a D1ck Why the f#ck wouldnt you want Quant it could literally surgically give you a Bigger d1ck. So if you have No D1ck why wouldn't you want some Quant. You spend money on No d1ck Pills but you would own a technology that could actually scientificaily print Your D1ck to be Bigger. Fine don't buy Quant but I'm going to have 10 D1cks and Im going to f#ck 10 different Hot Alien B1tches on my 13 fleets of f#cking Yacht Space Ships one day while You look back and say to yourself. Motherf#cker I wish I bought 100 Quant and Held that Sh1t for Life. Or you can look Forward to your Depends maybe you like Depends Daipers and Your Karen Neighbors with their Loud Kackling Karen laughs that call the cops on you for having a f#cking barbeque because its not green enough. Then your Really Going to be like why the F#ck didn't I hold some Quant. Yup D1cks to Big Has No Quant and is all alone but hey you got your Depends.

    37. @mikebergsma4493 on

      That’s one huge transaction to split 6.25 btc into a “million” payouts. Also lightning needs an invoice and how can you know your payout in advance? (Great idea, just technical questions)

    38. @paul1887 on

      Dr. Shiva argued that AT&T, or Vodophone could shut down the rails that BTC travels on and I honestly don't know what he's talking about. Couldn't 2 people with internet service always transmit BTC back and forth? How could they stop BTC, but no other internet transmissions? The US Fed's can shut down all communications in an 'emergency', but that destroys the entire financial system, so I can't see why they ever would. How would they pay their military for instance? I don't think you can stop BTC that way, but found it difficult to argue since I really don't know how the internet works. I thought any 2 computers can hook up with each other and there's nothing anyone can do about it, as long as you have electricity and a transmitter/recever. I've also heard BTC can be transmitted across cellular systems which seems fine, because how could they block only BTC? I don't suppose we could all get HAM radio's and transmit/receive BTC that way? I do think the electric grid and satellites are very vulnerable to x class solar flares, but everything is so what can you do? I sometimes honestly think humanity would be better off if there was a coronal mass ejection that wiped out the internet and electric grid since central banks own the means of production, the military, and the money printer, I really don't see a way out of this Borg nightmare that assimilates people into drones with a hivemind, or just mutilates them with jabs or ruins them financially. Meanwhile we all stand around with our rifles thinking the 2nd amendment could possibly save us from this tyrannical government and all it's weaponry. It all seems really ridiculous to think humanity won't destroy itself if not mother nature herself, again.

    39. @chriso5842 on

      A couple years ago during the altcoin craze I met a couple that works on chartered yachts. Jack was a guest on one. They asked him which cryptocurrency to invest in. He just said, “Bitcoin.”

    44. @user-ie6xh8kk5l on

      Thank you for all the info you provide Matt! As someone interested in getting started with mining as a small-time individual, I was wondering if it's safe to buy ASICs off big platforms like Amazon and the like. Can ASICs be tampered with so that my mining rewards are sent to someone else's wallet? Again, thank you for all the regular video uploads!

    45. @BasicBeachCommunity1 on

      Is the lightning Network or how does the lightning network compare to the Bitcoin network in terms of security?? I see the wallet of Satoshi is not available in the United States so how does that affect people who want to use lightning? Do they just want to use lightning and then the centralized wallets close it so then you're basically up a creek.

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