According to its announcement, El Salvador will be the company’s “global hub for business development. “OCEAN operates a bitcoin mining pool, which means that bitcoin miners with their gadgets can simply register with OCEAN to combine their hash strength and increase their chances. to earn the praise of the block and earn more bitcoins to run the devices.
“We are thrilled to be in the country of Bitcoin. The hospitality and hospitality of El Salvador and President Bukele is significant for a small startup like ours. We will go where they look for us and we will vote with our feet,” said OCEAN. Mark Artymko told me.
The company made this decision based on El Salvador’s future and law, as well as OCEAN’s project-driven strategy to decentralize Bitcoin mining. “This contributes to our core project of decentralization. It’s smart for Bitcoin, it’s smart for OCEAN,” he emphasized.
OCEAN is subsidized by Block CEO Jack Dorsey and well-known Bitcoin developer LukeDashjr, who is the generation leader. OCEAN stands out from other groups because of its unique features. Miners have the freedom to decide the type of blocks they work with, a flexibility that complements their potential rewards. In addition, the OCEAN mining pool operates without registration on its mined blocks, a feature that reduces transaction prices and is helping to combat data hoarding for nodes.
Records are knowledge included in Bitcoin transactions that make transactions larger and more expensive. Miners who mine through OCEAN get the fees paid by registered users and only mine blocks without this type of information.
“This resolution through the OCEAN Mining team reaffirms that the Bitcoin culture we are building in El Salvador provides the equipment that marketers around the world want to thrive in a Bitcoin economy. We welcome OCEAN and all other corporations that are running to advance Bitcoin adoption. Stacy said Herbert, head of the Bitcoin Office, in the announcement.
This is the time when a mining pool in the country is announced, after local company Volcano Energy introduced Lava Pool in October 2023. El Salvador made Bitcoin legal tender in the country in 2021, and it has since become more popular among bitcoiners and bitcoin corporations around the world. Moment.
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