Decentralizing Bitcoin Mining With Bitcoin Mechanic

Welcome back to The Mining Pod! This week we are joined by Bitcoin Mechanic, arguably the face of Ocean Pool. Ocean launched in November 2023 with a lot of hope, excitement and promise, even getting a node from former Twitter CEO Jack Dorsey with an investment. The Ocean Pool team promised to decentralize Bitcoin mining through novel block template options for individual miners, a new payout structure called Tides and, to much criticism, the filtering of Ordinals and Inscription projects natively. 

In this interview, we go through what happened over the course of 2024 with Ocean Pool, how its attracting hashrate, revisiting the ‘spam’ problem, block template construction and the future of Bitcoin in regards to MEV and future soft forks.

Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

“The Mining Pod” is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

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