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It's time for Lightning⚡️ and it's time for BOLT12🔩 image As of today, OCEAN miners can attach a BOLT12 offer to their #Bitcoin address and get paid out over Lightning! BOLT12 offers allow us to request multiple invoices for any amount while only requiring the miner to set things up once. Miners simply sign a message containing the offer using the private key associated with their Bitcoin address. Using BOLT12 also allows us to prove to the world that a payment was made, the size of the payment, the node to which it was paid, and that it was paid by us. This means we can continue to offer fully transparent and verifiable pooled mining while no longer being restricted by the base layer! Using the Bitcoin stack to its fullest is how we eliminate the need for trust and bring sovereignty to mining.
OCEAN - Lightning Payouts
 https://newsdirect.com/news/ocean-innovates-bitcoin-miners-offered-first-ever-lightning-payouts-using-bolt12-946331135

Replies (40)

HUGE!!
OCEAN's avatar OCEAN
It's time for Lightning⚡️ and it's time for BOLT12🔩 image As of today, OCEAN miners can attach a BOLT12 offer to their #Bitcoin address and get paid out over Lightning! BOLT12 offers allow us to request multiple invoices for any amount while only requiring the miner to set things up once. Miners simply sign a message containing the offer using the private key associated with their Bitcoin address. Using BOLT12 also allows us to prove to the world that a payment was made, the size of the payment, the node to which it was paid, and that it was paid by us. This means we can continue to offer fully transparent and verifiable pooled mining while no longer being restricted by the base layer! Using the Bitcoin stack to its fullest is how we eliminate the need for trust and bring sovereignty to mining.
OCEAN - Lightning Payouts
 https://newsdirect.com/news/ocean-innovates-bitcoin-miners-offered-first-ever-lightning-payouts-using-bolt12-946331135
View quoted note →
OCEAN's avatar OCEAN
It's time for Lightning⚡️ and it's time for BOLT12🔩 image As of today, OCEAN miners can attach a BOLT12 offer to their #Bitcoin address and get paid out over Lightning! BOLT12 offers allow us to request multiple invoices for any amount while only requiring the miner to set things up once. Miners simply sign a message containing the offer using the private key associated with their Bitcoin address. Using BOLT12 also allows us to prove to the world that a payment was made, the size of the payment, the node to which it was paid, and that it was paid by us. This means we can continue to offer fully transparent and verifiable pooled mining while no longer being restricted by the base layer! Using the Bitcoin stack to its fullest is how we eliminate the need for trust and bring sovereignty to mining.
OCEAN - Lightning Payouts
 https://newsdirect.com/news/ocean-innovates-bitcoin-miners-offered-first-ever-lightning-payouts-using-bolt12-946331135
View quoted note →
Well done!! I'm not sure there was so much innovation on mining pools before ocean
OCEAN's avatar OCEAN
It's time for Lightning⚡️ and it's time for BOLT12🔩 image As of today, OCEAN miners can attach a BOLT12 offer to their #Bitcoin address and get paid out over Lightning! BOLT12 offers allow us to request multiple invoices for any amount while only requiring the miner to set things up once. Miners simply sign a message containing the offer using the private key associated with their Bitcoin address. Using BOLT12 also allows us to prove to the world that a payment was made, the size of the payment, the node to which it was paid, and that it was paid by us. This means we can continue to offer fully transparent and verifiable pooled mining while no longer being restricted by the base layer! Using the Bitcoin stack to its fullest is how we eliminate the need for trust and bring sovereignty to mining.
OCEAN - Lightning Payouts
 https://newsdirect.com/news/ocean-innovates-bitcoin-miners-offered-first-ever-lightning-payouts-using-bolt12-946331135
View quoted note →
↩ replying to Javier
lnbits is awesome. Braiins is asking for a lightning address for payouts which has a dependency on public DNS so I think your lnbits instance would need to be publicly accessible on clearnet. Also you have to run a lightning node AND lnbits. With Bolt 12 you only need the node and Tor only is fine. The only issue with Bolt 12 is that LND is dragging their feet on supporting it which is an LND problem.
↩ replying to Javier
I would absolutely choose something that is part of the official lightning specification over an add on solution which requires a web server. LND ignoring a standards based approach with their implementation doesn't make Bolt 12 the wrong choice. Also from Ocean: "Using BOLT12 also allows us to prove to the world that a payment was made, the size of the payment, the node to which it was paid, and that it was paid by us." Is the same true for lnurl (I don't know the answer but I doubt it). Keysend is a poor option because there is no way to show who a payment came from.
↩ replying to Luke Dashjr
I'm all set to receive the Bolt 12 payout, now we just need to find a block! And again to reinterate, configuring Bolt 12 for this is so much easier than everything that goes into lightning address (like Braiins is using), unless you have a trusted 3rd party do the lightning address for you but that isn't how I do things. LND not supporting Bolt 12 is an LND problem, not a Bolt 12 problem. Side note: I've run both LND and Core Lightning for a couple years. The LND interface might be more user friendly and more apps support LND but otherwise Core Lightning is better in every way.
This is pretty excellent. I set it up with my Core Lightning node. Now just waiting to hit a block and get an instant payout! Bolt 12 is the way to go with this vs LNURL. The only problem is that people don't really understand self custodial Bolt 12 because they are used to trusted 3rd party easy mode lightning address. I think most node runners can get Bolt 12 running, a much easier lift than self custodial LNURL. LND's disinterest in Bolt 12 in favor of working on TapAss is really holding lightning back.
OCEAN's avatar OCEAN
It's time for Lightning⚡️ and it's time for BOLT12🔩 image As of today, OCEAN miners can attach a BOLT12 offer to their #Bitcoin address and get paid out over Lightning! BOLT12 offers allow us to request multiple invoices for any amount while only requiring the miner to set things up once. Miners simply sign a message containing the offer using the private key associated with their Bitcoin address. Using BOLT12 also allows us to prove to the world that a payment was made, the size of the payment, the node to which it was paid, and that it was paid by us. This means we can continue to offer fully transparent and verifiable pooled mining while no longer being restricted by the base layer! Using the Bitcoin stack to its fullest is how we eliminate the need for trust and bring sovereignty to mining.
OCEAN - Lightning Payouts
 https://newsdirect.com/news/ocean-innovates-bitcoin-miners-offered-first-ever-lightning-payouts-using-bolt12-946331135
View quoted note →
🚩🚩🚩 Bolt12 is basically a reimplementing of Tor, a poorly designed and unreliable transport abstraction over Bolt11, and an assault on its network effect. Transparent in its peddling by neobankers, otherwise a trojan horse for scaffolding native shitcoin support in lightning wallets. Bad stuff.
this works and enables a pleb to use a legit PPLNS miner and not have to worry about getting payouts once a year. you can use 2 futurebit standard miners at 6 th/s, have the earnings deposited into your core lightning node ( run it on a start9 or something easy ), and use those sats for zapping 🤙 or an s9 , whatever the point is you can get those earnings dripped in via lightning and mine in a way that is better for the network. #bitcoin #lightning
OCEAN's avatar OCEAN
It's time for Lightning⚡️ and it's time for BOLT12🔩 image As of today, OCEAN miners can attach a BOLT12 offer to their #Bitcoin address and get paid out over Lightning! BOLT12 offers allow us to request multiple invoices for any amount while only requiring the miner to set things up once. Miners simply sign a message containing the offer using the private key associated with their Bitcoin address. Using BOLT12 also allows us to prove to the world that a payment was made, the size of the payment, the node to which it was paid, and that it was paid by us. This means we can continue to offer fully transparent and verifiable pooled mining while no longer being restricted by the base layer! Using the Bitcoin stack to its fullest is how we eliminate the need for trust and bring sovereignty to mining.
OCEAN - Lightning Payouts
 https://newsdirect.com/news/ocean-innovates-bitcoin-miners-offered-first-ever-lightning-payouts-using-bolt12-946331135
View quoted note →
OCEAN's avatar OCEAN
It's time for Lightning⚡️ and it's time for BOLT12🔩 image As of today, OCEAN miners can attach a BOLT12 offer to their #Bitcoin address and get paid out over Lightning! BOLT12 offers allow us to request multiple invoices for any amount while only requiring the miner to set things up once. Miners simply sign a message containing the offer using the private key associated with their Bitcoin address. Using BOLT12 also allows us to prove to the world that a payment was made, the size of the payment, the node to which it was paid, and that it was paid by us. This means we can continue to offer fully transparent and verifiable pooled mining while no longer being restricted by the base layer! Using the Bitcoin stack to its fullest is how we eliminate the need for trust and bring sovereignty to mining.
OCEAN - Lightning Payouts
 https://newsdirect.com/news/ocean-innovates-bitcoin-miners-offered-first-ever-lightning-payouts-using-bolt12-946331135
View quoted note →
🫡🟧 #bitcoin #plebchain #bitaxe image
OCEAN's avatar OCEAN
It's time for Lightning⚡️ and it's time for BOLT12🔩 image As of today, OCEAN miners can attach a BOLT12 offer to their #Bitcoin address and get paid out over Lightning! BOLT12 offers allow us to request multiple invoices for any amount while only requiring the miner to set things up once. Miners simply sign a message containing the offer using the private key associated with their Bitcoin address. Using BOLT12 also allows us to prove to the world that a payment was made, the size of the payment, the node to which it was paid, and that it was paid by us. This means we can continue to offer fully transparent and verifiable pooled mining while no longer being restricted by the base layer! Using the Bitcoin stack to its fullest is how we eliminate the need for trust and bring sovereignty to mining.
OCEAN - Lightning Payouts
 https://newsdirect.com/news/ocean-innovates-bitcoin-miners-offered-first-ever-lightning-payouts-using-bolt12-946331135
View quoted note →