Post
Topic
Board Pools
Re: Eligius pool is back under the new name Ocean
by
ABCbits
on 20/05/2024, 09:19:24 UTC
Anybody can say anything on twitter.

-Dave
So, you don't trust a verified account on Twitter? Damn!
--snip--

Almost anyone can get blue checkmark by paying Twitter/X premium, see https://help.x.com/en/managing-your-account/about-x-verified-accounts.

I've been testing the pool with some home miners over the past month to write a review for the website and wanted to share my initial thoughts:

  • No Registration, No KYC: In an industry where KYC is becoming the norm, this is incredibly liberating. I started mining in just 5 minutes. I bookmarked my dashboard, and that's it—I have everything under control.
  • Non-Custodial: Unlike FPPS pools, which act as custodians and hold miners' funds by approximating reward distributions, the TIDES rewards system lets you receive coins directly from the Coinbase, ensuring the full and exact pro rata portion of your hashrate contributions. Currently, the minimum payout is around 1 million sats. They also recently integrated Lightning for even lower payments.

I'm extremely happy with this project and believe it's crucial for the industry. It's definitely one of the most important ones I've encountered in the last years. You can really see the people behind it aren't newbies, but have a deep, OG Bitcoin understanding.

I'm curious, have you tried the LN payment? I've read the guide on https://ocean.xyz/docs/lightning, but it's somewhat complicated.