98% of Bitcoin miners are not actually mining. They are hashing. I sat down with Bob Burnett of Barefoot Mining to discuss the difference, and why it matters now more than ever. When you mine on a traditional pool, you are connected to a proxy, not the Bitcoin network. The pool picks the transactions. The pool builds the block template. The pool receives the coinbase transaction. You provide hashrate and get paid. That makes you a hasher, not a miner. On Ocean, miners can run their own node, have the option to build their own block templates, and signal for protocol changes directly. Barefoot Mining moved over 90% of their fleet to Ocean, and Bob says they make more money doing it. The distinction between mining and hashing becomes critical when protocol upgrades are on the table. BIP 110 miner signaling is a live example. If your pool is signaling on your behalf, are they representing your interests or theirs? Bob puts it simply: if you are in this business, you have to decide who you are and what you want to be. 🎬 Full episode: https://www.youtube.com/watch?v=GovSrfOlsK4