NotATether: Create/replace OCEAN: non-custodial pool, Wayback Eligius lineage, TIDES/DATUM from home, separate from Eligius.

2026-09-21T14:08:47Z

Create/replace OCEAN: non-custodial pool, Wayback Eligius lineage, TIDES/DATUM from home, separate from Eligius.

New page

{{Infobox company
|name=OCEAN
|industry=[[Pooled mining|Mining pool]]
|foundation=2023 (relaunch announcement)
|founder=[[Luke Dashjr]]
|website=[https://ocean.xyz/ ocean.xyz]
}}
'''OCEAN''' is a non-custodial bitcoin [[Pooled mining|mining pool]] operated at ocean.xyz. It is a separate live service from the historical [[Eligius]] pool. Company materials describe conceptual lineage and a relaunch, not continuity of Eligius accounts or hashrate.

== History and Eligius lineage ==
The live path <code>https://ocean.xyz/about</code> returns '''404''' as of lab and staging checks. A Wayback Machine capture of that About page preserves a '''31 October 2023''' message from founder Luke Dashjr describing the 2011 start of Eligius, later maintenance by wizkid057, Eligius's shutdown, and Dashjr's decision to "relaunch Eligius as OCEAN" as a transparent, non-custodial pool.<ref name="wayback-about">[https://web.archive.org/web/20240228093829/https://ocean.xyz/about Wayback: ocean.xyz/about (capture circa Feb 2024; message dated 31 Oct 2023)]</ref>

The [[Eligius]] and OCEAN wiki titles are separate entries. Shared user balances or hashrate are not claimed here.

== Products and operations ==
OCEAN's public site describes:
* '''Non-custodial payouts''' — miners paid in the coinbase/generation transaction when practical, so the Bitcoin network pays miners directly while the pool coordinates the split.<ref name="home">[https://ocean.xyz/ OCEAN home]</ref>
* '''TIDES''' (Transparent Index of Distinct Extended Shares) — OCEAN's published reward scheme, contrasted by the company with PPLNS/FPPS approximations.<ref name="home" />
* '''DATUM''' — optional miner-side block template construction. The site advertises a fee discount for DATUM users (stated as 1% vs a base 2% fee on the home page). Exact percentages should be confirmed on the live fee schedule.<ref name="home" />
* Stratum endpoint documented on the home page: <code>mine.ocean.xyz:3334</code>, with worker username as a bitcoin address (no account required).<ref name="home" />
* Published payout threshold text on the home FAQ (ordinary threshold around 0.01048576 BTC, with discretionary lower thresholds if a miner stops — subject to change).<ref name="home" />

The home page also states a SOC 2 Type 1 attestation for enterprise security and reliability. That is a company claim pending the firm's published report if stronger wording is needed.<ref name="home" />

Team materials on the same site note Jason Hughes (VP Engineering) as having co-operated Eligius historically. That is biographical colour only, not proof of corporate succession.<ref name="home" />

== See also ==
* [[Eligius]]
* [[Pooled mining]]
* [[Comparison of mining pools]]
* [[Stratum]]
* [[Luke Dashjr]]

== External links ==
* [https://ocean.xyz/ OCEAN]
* [https://web.archive.org/web/20240228093829/https://ocean.xyz/about Wayback: About / Luke Dashjr announcement]

== References ==
<references />

[[Category:Companies]]
[[Category:Pool Operators]]
[[Category:Mining pools]]

OCEAN - Revision history

NotATether: Create/replace OCEAN: non-custodial pool, Wayback Eligius lineage, TIDES/DATUM from home, separate from Eligius.