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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

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    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

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    Courtyard Tops Sales, Doodles Leads in Growth

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    GameStop Buys Bitcoin, More Ethereum Games Close Up Shop

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    What Is Asset Tokenization? Types, Why It Matters Now [2025]

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    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    Carrieverse and Disney Ink Content Deal

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

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    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

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    NFT Market Sees Mixed Results, Polygon Leads While Ethereum Collections Rebound

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    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

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    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

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    Courtyard Tops Sales, Doodles Leads in Growth

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    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

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    GameStop Buys Bitcoin, More Ethereum Games Close Up Shop

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    Dæmons Taps Orochi Network to Power GameFi with Verifiable On-Chain Data

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    OpenSea Ends Beta, Launches OS2 with Multi-Chain Support, XP Rewards & SEA Token

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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    SoonVerse Partners with Arris to Enhance User Experience

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

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    What’s the Real Difference for Beginners?

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Home Mining

Ocean Adds Block Template Selection Option

December 23, 2023
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Ocean Adds Block Template Selection Option
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OCEAN Mining has released an update to their pool software allowing miners to individually choose between a set of different block templates to mine on. Miners can choose between these three templates at this time:

READ ALSO

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  • The default OCEAN Knots template, which filters out any inscription transaction, as well as places an additional OP_RETURN limitation of a maximum of 42 bytes on transactions using OP_RETURN.
  • Bitcoin Core patched with the Ordisrespector update, filtering out inscription transactions.
  • The default Bitcoin Core template which implements no additional transaction filters at all.

This new option is a stepping stone towards their ultimate goal of enabling Stratum v2 in order to allow any miner using the pool to construct whatever block template they wish to while mining with the pool. There is a catch however. For any miners utilizing either the default Knots template, or the Bitcoin Core + Ordisrepsector patch OCEAN will continue honoring the promotional feerate from launch of 0%. However for any miners choosing to utilize the default Bitcoin Core template, a 2% pool fee will be attached to their contributions to the pool.

OCEAN’s decision to implement transaction filtering was not a popular choice, as evidenced by the large backlash after their delayed announcement of this policy after officially launching the pool. This new template selection option is a reaction to this backlash, but it is not them turning around and abandoning their position that inscriptions and other classes of transactions are harmful to the Bitcoin network. They are applying the 2% fee to Core created templates to function as a disincentive for their users to select that template, which in their view creates a negative impact for the network at large.

See also  Foundry Unveils New Hardware Suite Targeting Institutional Bitcoin Mining

Ultimately what will come of this is up to OCEAN’s users. The economically rational thing to do is for everyone mining with OCEAN to select the Bitcoin Core default template, as that is going to be the template that produces the maximum amount of revenue generated from block production. However, on the other hand, the 2% fee applied to that template and not the others has to be taken into account. If the fee charged by OCEAN for using Core templates is greater than the difference in profitability between the Core template and other templates, then the answer of which one is more economically profitable is not so cut and dry.

In the end though, the miner’s themselves will be the ultimate decision makers according to their economic and ideological incentives, which is what OCEAN ultimately set out to do: put the decision making back in the hands of miners’ themselves.

Tags: AddsblockOceanoptionSelectionTemplate

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