Jack Dorsey, CEO of Block, has funded a $6.2 million initiative called OCEAN to decentralize Bitcoin mining globally. OCEAN aims to maximize disintermediation, eliminate miner risk, and reduce the undue influence of mining pools on miners. It offers complete transparency into its operations and miner payments directly from the Bitcoin network. The initiative aims to give back control over Bitcoin block rewards to the miners. OCEAN differs from traditional mining pools by allowing miners to directly receive their individual shares of each block reward.
Jack Dorsey leads a $6.2 investment in OCEAN, a decentralized Bitcoin mining pool. OCEAN 🌊 differs from traditional mining pools by allowing miners to directly receive their individual shares of each block reward. https://t.co/9F4grmIGK6 https://t.co/zWz5KZlhvS
Jack #Dorsey Backed Ocean #Bitcoin Mining Pool Acknowledges Filtering #Inscriptions https://t.co/1T03fLvht9
Jack #Dorsey Backed Ocean #Bitcoin Mining Pool Acknowledges Filtering Ordinal #Inscriptions https://t.co/1T03fLvht9
Jack Dorsey Backs Ocean In Shifting Toward Decentralized Bitcoin Mining My latest piece in @Forbes featuring @Jack @Ocean_Mining @ForbesCrypto #Bitcoin https://t.co/oJMqyJGCOw
ICYMI: Jack Dorsey leads $6.2 million seed round for decentralized Bitcoin mining pool OCEAN https://t.co/uTHYT5gSzH
A new mining pool @ocean_mining is aiming to give back to the miners control over their Bitcoin block rewards and has been backed by investors including Jack Dorsey. by @Aoyon_A https://t.co/Ct7fkaVplt
SPECS DAILY ⌐◩-◩ 11/29/23: Jack Dorsey's Crypto Character Arc 💰 Jack Dorsey leads $6.2M round in decentralized Bitcoin miner, OCEAN 🚀 DOGE-funded SpaceX launch “Doge-1” gets key regulatory approval 🤯 Blast flips Solana at over $600M total value locked (TVL) Full read… https://t.co/bY47xHo4sn https://t.co/MOjs6iN5nZ
⚡Ocean, which raised $6.2 million in a funding round led by Jack Dorsey, plans to enable miners to get block rewards directly from #Bitcoin. https://t.co/wGqd4SuY4K
NEW: Block CEO Jack Dorsey leads 💵 $6.2M investment round in Eligius Pool, relaunched as OCEAN Pool, a non-custodial #Bitcoin ⛏️ mining pool that claims to offer complete transparency into its operations and miner payments directly from the Bitcoin network https://t.co/8iBgfmlCY1
Crypto mining startup OCEAN raised over $6 million from Jack Dorsey and other backers to enhance decentralization of the Bitcoin ecosystem. https://t.co/eWbirnqATI
Jack Dorsey leads $6.2 million seed round for decentralized Bitcoin mining pool OCEAN https://t.co/yKzkLtxuO9
Decentralized Bitcoin mining pool OCEAN announced the completion of a $6.2 million seed round led by Jack Dorsey. OCEAN aims to maximize disintermediation, eliminating miner risk and the undue influence of mining pools on miners. https://t.co/3MLd0CFqsz
JUST IN: Jack Dorsey funds $6.2 million initiative OCEAN to decentralize #Bitcoin mining globally with a transparent, non-custodial mining pool 👏 https://t.co/7QHI3X4sPN
NEW: Block CEO Jack Dorsey to unveil new effort to decentralize #Bitcoin at Ocean Mining event today https://t.co/rJzvrZQD2A