OCEAN Pledges BTC Refunds After Chain-Split Error

Reimbursing Affected Miners

Bitcoin mining excavation OCEAN said it volition reimburse miners aft a configuration contented caused immoderate operators to unknowingly excavation connected the BIP-110 concatenation contempt selecting the non-BIP-110 option. The clarification follows a question of assemblage scrutiny, including allegations that default excavation settings steered unassigned DATUM hashpower toward the stalled number chain.

OCEAN confirmed that for astir 18 hours, miners utilizing its Stratum templates who believed their hashrate was directed to the non-BIP-110 concatenation were really contributing to the BIP-110 broadside of the split.

To guarantee nary miner is disadvantaged, OCEAN said it volition contented nonstop bitcoin rebate payments based connected rewards miners would person earned connected the non-BIP-110 concatenation during that period.

“Approximately 0.3 BTC volition beryllium distributed, with payments completed wrong the adjacent 72 hours. We’ll people the transaction details erstwhile the payments are sent,” OCEAN said successful an update.

The excavation added that its default endpoint has been restored to the non-BIP-110 chain, though some mining options stay available, allowing operators to explicitly take wherever to nonstop their hashpower.

The incidental comes amid broader statement implicit how mining pools grip default configurations during contentious web splits. As reported by Bitcoin.com News, the Bitcoin blockchain fractured into 2 chains connected Aug. 8: 1 enforcing the BIP-110 connection and the archetypal mainnet. The divided capped weeks of heated statement betwixt BIP-110 proponents, including Bitcoin developer Luke Dashjr, and critics specified arsenic Strategy Executive Chairman Michael Saylor.

While galore pools adopted a wait-and-see approach, OCEAN took a bold measurement by adding 2 caller Stratum endpoints bip110.mine.ocean.xyz larboard 3110 and http://no-signal.mine.ocean.xyz larboard 3000 connected July 8. At the time, OCEAN framed additions arsenic an enactment to awesome for miners who are incapable to usage DATUM oregon who request a failover.

Following the split, critics similar Bitcoin developer Peter Todd alleged that OCEAN’s default DATUM settings automatically routed unassigned hashpower toward the BIP-110 number chain. Critics argued that this behaviour had unintentionally amplified minority-chain activity, particularly erstwhile miners relied connected default templates alternatively than explicitly selecting a chain.

However, the excavation appeared to respond to the disapproval erstwhile it announced that the default OCEAN stratum endpoint would instrumentality to the non-BIP110 chain and that miners connected the default endpoint did not request to instrumentality immoderate action. At the time, OCEAN added that some websites would stay unrecorded to let clients to take wherever their hashrate goes.