OCEAN Mining Pool Faces Criticism Over Hash Rate Diversion
OCEAN, a prominent Bitcoin mining pool, has faced criticism after its miners' hash rate was inadvertently diverted to the BIP-110 chain for approximately 18 hours. The pool acknowledged that a configuration error caused the misdirection, which resulted in lower returns for affected users.
The incident highlights the importance of transparency and control over where hash rate is directed. OCEAN has committed to compensating affected miners with approximately 0.3 BTC each, based on their expected earnings from mining on the legacy Bitcoin chain during the incident period.
The BIP-110 chain is a proposed temporary soft fork that aims to limit non-payment data in Bitcoin transactions, reducing inscriptions and Runes. However, it has lower adoption and hash rate compared to the legacy chain, leading some miners to question its viability.