Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO
No Result
View All Result
Invest In Crypto News
No Result
View All Result

OCEAN Pledges BTC Refunds After Chain-Split Error

CryptoExpert by CryptoExpert
August 11, 2026
in Mining
0
OCEAN Pledges BTC Refunds After Chain-Split Error
  • Facebook
  • Twitter
  • Pinterest


Key Takeaways

OCEAN misrouted miners to the BIP-110 chain for 18 hours due to a Stratum configuration flaw.Developer Peter Todd slammed default pool setups as OCEAN lost hashpower during the split.OCEAN restored its mainnet default and will issue 0.3 BTC in miner rebates within 72 hours.

Reimbursing Affected Miners

Bitcoin mining pool OCEAN said it will reimburse miners after a configuration issue caused some operators to unknowingly mine on the BIP-110 chain despite selecting the non-BIP-110 option. The clarification follows a wave of community scrutiny, including allegations that default pool settings steered unassigned DATUM hashpower toward the stalled minority chain.

OCEAN confirmed that for roughly 18 hours, miners using its Stratum templates who believed their hashrate was directed to the non-BIP-110 chain were actually contributing to the BIP-110 side of the split.

To ensure no miner is disadvantaged, OCEAN said it will issue direct bitcoin rebate payments based on rewards miners would have earned on the non-BIP-110 chain during that period.

“Approximately 0.3 BTC will be distributed, with payments completed within the next 72 hours. We’ll publish the transaction details once the payments are sent,” OCEAN said in an update.

okex

The pool added that its default endpoint has been restored to the non-BIP-110 chain, though both mining options remain available, allowing operators to explicitly choose where to direct their hashpower.

The incident comes amid broader debate over how mining pools handle default configurations during contentious network splits. As reported by Bitcoin.com News, the Bitcoin blockchain fractured into two chains on Aug. 8: one enforcing the BIP-110 proposal and the original mainnet. The split capped weeks of heated debate between BIP-110 proponents, including Bitcoin developer Luke Dashjr, and critics such as Strategy Executive Chairman Michael Saylor.

While many pools adopted a wait-and-see approach, OCEAN took a bold step by adding two new Stratum endpoints bip110.mine.ocean.xyz port 3110 and http://no-signal.mine.ocean.xyz port 3000 on July 8. At the time, OCEAN framed additions as an option to signal for miners who are unable to use DATUM or who need a failover.

Following the split, critics like Bitcoin developer Peter Todd alleged that OCEAN’s default DATUM settings automatically routed unassigned hashpower toward the BIP-110 minority chain. Critics argued that this behavior had unintentionally amplified minority-chain activity, especially when miners relied on default templates rather than explicitly selecting a chain.

However, the pool appeared to respond to the criticism when it announced that the default OCEAN stratum endpoint would return to the non-BIP110 chain and that miners on the default endpoint did not need to take any action. At the time, OCEAN added that both websites would remain live to allow clients to choose where their hashrate goes.

You might also like

Keel shuts US Bitcoin mining operations as Q2 revenue falls 50%

THE 170HX IS KING AGAIN!

MGT issued 1.65 billion shares as mining revenue fell to zero



Source link

  • Facebook
  • Twitter
  • Pinterest
Tags: Bitcoin
CryptoExpert

CryptoExpert

Recommended For You

Keel shuts US Bitcoin mining operations as Q2 revenue falls 50%

by CryptoExpert
August 12, 2026
0
Cointelegraph

Keel completed the shutdown of its US Bitcoin mining operations as it pivots toward AI and high-performance computing infrastructure Source link

Read more

THE 170HX IS KING AGAIN!

by CryptoExpert
August 11, 2026
0
THE 170HX IS KING AGAIN!

Check on YouTube

Read more

MGT issued 1.65 billion shares as mining revenue fell to zero

by CryptoExpert
August 10, 2026
0
Liam 'Akiba' Wright

MGT issued about 1.65 billion shares by Aug. 6 as the inactive Bitcoin miner with no operating business reported no revenue for the first half of 2026 and...

Read more

CleanSpark misses Wall Street revenue estimates as shares sink

by CryptoExpert
August 9, 2026
0
Cointelegraph

CleanSpark’s shares fell 5.5% on Thursday after the Bitcoin miner reported $138 million in quarterly revenue, narrowly missing Wall Street’s consensus estimate. Source link

Read more

Useful GPU Mining Items (Unknown)

by CryptoExpert
August 8, 2026
0
Useful GPU Mining Items (Unknown)

Check on YouTube

Read more
Next Post
ETH May Be Approaching Another Bottom: Here is Why

ETH May Be Approaching Another Bottom: Here is Why

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • IC DAO

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 63,753.00
ethereum
Ethereum (ETH) $ 1,889.74
tether
Tether (USDT) $ 0.999134
bnb
BNB (BNB) $ 611.56
usd-coin
USDC (USDC) $ 0.999628
xrp
XRP (XRP) $ 1.02
solana
Solana (SOL) $ 76.18
tron
TRON (TRX) $ 0.335682
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.04

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?