
The Average Bitcoiner – Sum Divided by Count
Stratum V2 x Cashu: A New Accounting Layer for Hashpower
By Average Bitcoin
Aired Jan 28, 2026 · 19m · Last boosted Jan 28, 2026
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Show Notes
I’m kicking off The Average Bitcoiner with a deep dive into my Ehash experiment: marrying Stratum V2 pooled‑mining shares with Cashu ecash to create a private, liquid IOU for work-in-progress hashpower. I walk through how mining shares are “almost blocks,” why they’re basically worthless until a payout, and how issuing ehash against validated shares can function like a pool’s accounting database—only open, auditable, and privacy-preserving. We explore the moving parts: locking ehash to an hpub, discovering and redeeming quotes, rotating Cashu keysets on each payout epoch, and why immediate keyset rotation lets mining continue without downti...
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