CoinDesk Podcast Network - THE MINING POD: Decentralizing Bitcoin Mining With Bitcoin Mechanic

Ocean Mining launched in November of last year to great fanfare and intrigue with a promise to decentralize Bitcoin mining. We check in with the team nearly 1 year on.


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 it's attracting hashrate, revisiting the ‘spam’ problem, block template construction and the future of Bitcoin in regards to MEV and future soft forks.


Timestamps:

00:00 Start

02:08 Bitcoin Mechanic bio

05:26 Start9 & node runners

06:43 What's Ocean?

08:20 Who is Ocean different?

13:25 Block template centralization

22:27 Closed Source firmware

23:55 Ocean Biz Dev

25:03 How to attract miners?

34:56 PPLNS vs FPPS

45:03 Why would a miner switch?

49:39 How big is the market for hobbyist miners?

56:36 Corporate pools

59:31 Corporate MEV

1:03:04 Template construction

1:13:01 OPCAT & the future of BTC


Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 


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

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"The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset. Distributed by CoinDesk.

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Reset with Sasha-Ann Simons - What’s That Building: Sasha And Dennis Go Backstage At Thalia Hall

The rich stone edifice of Thalia Hall is a lot to take in. Now a concert venue, this Pilsen building has a history as a gathering place for ethnic communities, and theater for movies and Shakespeare plays. Reset’s Sasha-Ann Simons and architecture expert Dennis Rodkin head to the beloved music venue for the latest in our series “What’s That Building.” For a full archive of Reset interviews, head over to wbez.org/reset.

The Intelligence from The Economist - More than Sheikh could stick at: Bangladesh’s PM resigns

Sheikh Hasina, who led the country for 20 of the past 28 years with an increasingly authoritarian grip, was ultimately undone by student protests that would not be quelled. China may be world-leading in autonomous taxis—but our ride in one is not without complications (9:00). And remembering Thomas Neff, who rid the world of a third of its nukes (16:38).


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Up First from NPR - Harris VP Pick, Market Instability, Google Antitrust Ruling, Tropical Storm Debby

Vice President Kamala Harris has chosen Minnesota Governor Tim Walz as her running mate. Financial markets in Europe and Asia are beginning to rebound after taking a major tumble. The slide was a chain reaction sparked by fears about the health of the US economy. In a landmark antitrust case, a judge ruled that Google is a "monopolist," and Tropical Storm Debby hammered the southeastern US with deadly rain and wind.

Want more comprehensive analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter.

Today's episode of Up First was edited by Dana Farrington, Rafael Nam, Julia Redpath, Susanna Capelouto, Denice Rios, Janaya Williams, and Alice Woelfle. It was produced by Ziad Buchh, Nia Dumas and Milton Guevara. We get engineering support from Zac Coleman. And our technical director is Stacey Abbott.


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Code Story: Insights from Startup Tech Leaders - S9 E35: Prince Ghosh, Factored Quailty

Prince Ghosh was born in Bangalore, India, and moved around a lot during his life - to the US, then to Europe, then back to the US. But he spent his formative years in Princeton, New Jersey. He majored in Mechanical and Aerospace Engineering, as he wanted to build planes and engines. Eventually, he fell out of love with building planes, and because obsessed with supply chain tech. Outside of tech, he is a tennis player, occasional basketball player, and is an avid reader. He is enthusiastic about tech, the economy, and of course, the supply chain.

Prior to his current venture, Prince started Workbench while his co-founders created an agency, which was more like an operations company in a box. When they started working together, they realized there was a large opportunity to combine forces and simplify quality control.

This is the creation story of Factored Quality.

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Take This Pod and Shove It - Midyear Roundup: The Best Country Music of 2024 So Far

Want more Take This Pod and Shove It? Consider supporting us on Patreon HERE! (Patreon.com/takethispod)

2024 has arguably been one of the best years for new country music in quite a while. With acclaimed releases from favorites like Kacey Musgraves and Sturgill Simpson (er...I mean, Johnny Blue Skies), innovative LPs from rising stars like Willi Carlisle and Sierra Ferrell, country debuts from megastars Beyoncé and Post Malone, and killer releases from country's most prolific songwriters Zach Bryan and Charley Crockett, there's a lot for country fans to be excited about. There's also arguably too much to keep track of.

This week we dig into the best albums of 2024, so far. Let us know what you think—what's your favorite? What did we miss? What do we need to hear?

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The Daily Detail - The Daily Detail for 8.6.24

Alabama

  • AL federal lawmakers blame the Biden/Harris admin for stock market plunge
  • AL congressman wants more answers about 9-11 plea deal that was rescinded
  • State lawmaker to re-offer "Laken Riley Act" in 2025 state legislative session
  • State sponsor of anti ballot harvesting law now justified in his push of bill
  • Irondale man who planted bomb at AG office changes plea to guilty

National

  • Rocket attack at US airbase in Iraq injures undisclosed # of military personnel
  • WH economic advisor to Biden leaves position to join Harris campaign
  • DC judge rules against Google in anti trust lawsuit re: monopolizing market
  • US Customs officers make massive drug bust in AZ w/ 1K in fentanyl pills
  • Former SS director sought to destroy the cocaine found in WH in 2023
  • SCOTUS declines to delay sentencing for Trump until after election
  • Daily Wire's Megan Basham talks about infiltration of churches by the left

NBN Book of the Day - Jason Blakely, “Lost in Ideology: Interpreting Modern Political Life” (Agenda Publishing, 2023)

If ideology has never before been so much in evidence as a fact and so little understood as it appears to be today then, Jason Blakely argues in his new book Lost in Ideology: Interpreting Modern Political Life (Agenda Publishing, 2023), this may not be because we are like travellers guided by old maps of the political world but because we make the mistake of thinking that our maps are the worlds in which we live and act politically. When we read them as if they are reality, rather than a representation of it, we get lost.

If you like this episode of New Books in Interpretive Political and Social Science then you might also be interested in others in the series, including Jason and Mark Bevir talking about their Interpretive Social Scienceand James C. Scott, who passed away shortly before this episode was recorded, discussing his Against the Grain.

Jason recommends Charles Taylor’s sequel to The Language Animal, Cosmic Connections, and Jon Fosse’s novelistic exploration of the human condition, Septology.

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New Books in Native American Studies - Tore C. Olsson, “Red Dead’s History: A Video Game, an Obsession, and America’s Violent Past” (St. Martin’s Press, 2024)

Red Dead Redemption and Red Dead Redemption II, set in 1911 and 1899, are the most-played American history video games since The Oregon Trail. Beloved by millions, they’ve been widely acclaimed for their realism and attention to detail. But how do they fare as re-creations of history?

In Red Dead's History: A Video Game, an Obsession, and America's Violent Past (St Martin's Press, 2024), award-winning American history professor Dr. Tore Olsson takes up that question and more. Weaving the games’ plots and characters into an exploration of American violence between 1870 and 1920, Dr. Olsson shows that it was more often disputes over capitalism and race, not just poker games and bank robberies, that fueled the bloodshed of these turbulent years. As such, this era has much to teach us today. From the West to the Deep South to Appalachia, Olsson reveals the gritty and brutal world that inspired the games, but sometimes lacks context and complexity on the digital screen. Colourful, fast-paced, and dramatic, Red Dead’s History sheds light on dark corners of the American past for gamers and history buffs alike.

This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars.

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