OCEAN offers Bitcoin refunds after chain split error

• OCEAN said it will refund Bitcoin affected by a chain split error.
• The mining pool said the issue caused incorrect block submissions.
• The refunds are intended to compensate affected participants.

OCEAN, a Bitcoin (CRYPTO:BTC) mining pool, said it will refund users affected by a chain split error.

The issue reportedly caused some mining activity to follow the wrong chain after a network split.

OCEAN said it identified the problem and is calculating refunds for affected miners.

The company said the error involved incorrect block submissions during the chain split event.

OCEAN said the refund process will depend on its review of affected mining activity and payouts.

Mining pools coordinate computing power from multiple miners and distribute rewards based on participation.

Chain splits can occur when different versions of the blockchain are temporarily followed by different miners.