Bitcoin Mining Pool Ocean Successfully Mines Third Block in Ongoing Decentralization Quest
The decentralized Bitcoin mining pool Ocean reached a new milestone this week by successfully mining its third block ever. According to data from Mempool.Space, Ocean mined block number 823,129 on Wednesday morning, earning a total block reward of 7.412 bitcoins. This achievement demonstrates the capabilities of Ocean’s decentralized system, which was launched in November 2022 to promote decentralization in Bitcoin mining.
Mononaut, a key figure at BitfeedLive, an open-source Bitcoin mempool visualizer, brought attention to Ocean’s distinctive mining approach after the milestone.
“The block was constructed using their standard “filtered” template, only containing 1 inscription and 54 op_returns (mostly Runes),” the analyst tweeted. “The filtering cost them ~0.144 BTC in fees, which is an 11.03% reduction in fees or about a 2% reduction in total block reward.”
Ocean found their third block!
Read more on cryptonews.com
