FAQ: How This Pool Works
Plain-language answers. No prior mining knowledge assumed.
The 30 Second Explainer
This pool offers two completely different ways to mine. Solo is a lottery: your miner alone hunts for a block, and if it ever finds one, the entire block reward (≈3.125 BTC + fees) is paid directly to your Bitcoin address, inside the block itself. No block, no payout, ever. Shared is the steady option: your hashrate joins the Ocean pool, and you receive your proportional slice of the pool's earnings every day, over Lightning. Daily Sats paid out to your Lightning Address.
Both modes carry a 1% pool fee.
Which should I pick: Solo or Shared?
Ask yourself what you want from your miner. If the dream of hitting a whole block is why you
bought a Bitaxe, pick Solo (port
2121) and accept that the realistic
outcome is "nothing, possibly for years". If you want to see sats trickle in and verify the whole
setup works end-to-end, pick Shared (port 4242).
Many people run one miner on each.
What are my actual odds in Solo mode?
Brutally honest: a 1 TH/s Bitaxe against the entire Bitcoin network is roughly like buying a
handful of lottery tickets per week. The expected time to find a block is measured in
thousands of years, but every ~10 minutes there is a fresh draw, and someone with small
hardware does win one every now and then. That's the whole appeal: tiny odds, full prize.
Nobody can improve those odds; anyone claiming otherwise is selling something.
What do I need before I start?
Solo: a Bitcoin address from a wallet you control (hardware wallet,
Sparrow, etc., not an exchange deposit address). If you find a block, the reward goes there
with no way to redirect it afterwards, so double-check it.
Shared: a Lightning Address: it looks like an e-mail address (
Shared: a Lightning Address: it looks like an e-mail address (
you@walletprovider.com) and most Lightning wallets give you one for free
(Wallet of Satoshi, Blink, Alby, Strike…). Daily payouts arrive there automatically.
How do I configure my miner (e.g. a Bitaxe)?
In your miner's settings, set:
Solo:
Stratum URL:
User:
Password: anything, e.g.
Shared:
Stratum URL:
User: a Bitcoin address, a dot, then your Lightning Address, both verbatim, e.g.
Password:
No special encoding needed: since a Bitcoin address has no dots, the first dot cleanly separates it from your Lightning Address, even if your address has a subdomain. The Bitcoin address is just your account label; payouts go to the Lightning Address.
Solo:
Stratum URL:
lnpool.org Port: 2121User:
yourBitcoinAddress.workername (e.g. bc1q…xyz.bitaxe1)Password: anything, e.g.
xShared:
Stratum URL:
lnpool.org Port: 4242User: a Bitcoin address, a dot, then your Lightning Address, both verbatim, e.g.
bc1qexample.you@wallet.comPassword:
xNo special encoding needed: since a Bitcoin address has no dots, the first dot cleanly separates it from your Lightning Address, even if your address has a subdomain. The Bitcoin address is just your account label; payouts go to the Lightning Address.
What is a "share"? What does "Best Share" mean?
Finding a block means finding a hash below an astronomically small target. Because that's so rare,
the pool gives your miner an easier practice target: every hash that beats it is a
share: proof your miner is genuinely working. Shares are how the stats
pages measure your hashrate.
Best Share is the luckiest single hash your miner ever produced, expressed as a difficulty. Here's the fun part: if your Best Share ever exceeds the current network difficulty, you just found a real block. Watching that number creep upward is half the hobby.
Best Share is the luckiest single hash your miner ever produced, expressed as a difficulty. Here's the fun part: if your Best Share ever exceeds the current network difficulty, you just found a real block. Watching that number creep upward is half the hobby.
Why does the dashboard show a different hashrate than my miner's display?
Your miner counts every hash it computes; the pool can only estimate your hashrate from
the shares you happen to submit, averaged over time windows (1 min, 1 h, 1 d). Short-term
the estimate swings with pure luck; the longer the window, the closer it converges to your
miner's real number. A freshly connected miner can take an hour to show sensible values. That's
statistics, not a fault.
What are the fees?
1% in both modes. Solo: the fee output is part of the block's coinbase transaction
itself. You can verify it on-chain; 99% goes straight to your address in the same block.
Shared: 1% of your earnings, plus a small network-fee reserve (0.5%) that covers the
Lightning routing cost of delivering your payout.
When and how do I get paid?
Solo: only if you find a block, then instantly and automatically, because
the payout is the block. The reward becomes spendable after 100 confirmations
(≈17 hours; a Bitcoin consensus rule for all miners, not a pool rule).
Shared: the pool's upstream (Ocean) credits earnings for every block Ocean finds. Your slice is proportional to the accepted shares you submitted within the reward window, which mirrors Ocean's TIDES system: each share keeps earning across roughly the next 8 Ocean blocks, so stopping your miner doesn't forfeit work you already did. Payouts go to your Lightning Address once per day (amounts under 1 sat simply roll over to the next day). Mine how you want, fewer hours just mean fewer shares and a smaller slice. Failed deliveries (wallet offline, etc.) are retried automatically.
Shared: the pool's upstream (Ocean) credits earnings for every block Ocean finds. Your slice is proportional to the accepted shares you submitted within the reward window, which mirrors Ocean's TIDES system: each share keeps earning across roughly the next 8 Ocean blocks, so stopping your miner doesn't forfeit work you already did. Payouts go to your Lightning Address once per day (amounts under 1 sat simply roll over to the next day). Mine how you want, fewer hours just mean fewer shares and a smaller slice. Failed deliveries (wallet offline, etc.) are retried automatically.
Does the pool ever hold my coins?
Solo: never. The block pays your address directly; the pool physically
cannot touch or redirect it.
Shared: briefly, yes: earnings arrive from Ocean at the pool and are then paid onward to you via Lightning. Keep the amounts at stake in mind: for typical small-miner earnings this window is small change, but it is a trust assumption, and we'd rather say so plainly than pretend otherwise.
Shared: briefly, yes: earnings arrive from Ocean at the pool and are then paid onward to you via Lightning. Keep the amounts at stake in mind: for typical small-miner earnings this window is small change, but it is a trust assumption, and we'd rather say so plainly than pretend otherwise.
My miner shows "connected" but I see no stats here. Broken?
Give it a few minutes: stats appear after your miner submits its first shares, not on connect.
Then check the stats page for exactly the address/Lightning Address you configured as username
(before the dot). Typos in the username are by far the most common cause: a wrong Bitcoin
address in Solo mode means shares are counted, but a found block would pay that address,
so triple-check it.