Bitcoin developer Luke Dashjr has left mining pool Ocean, resigning as chairman, chief technology officer, and board director, while parent company Mummolin bought back all of his equity. The split was described by both sides as mutual and tied to differences over the future direction of Bitcoin mining and recent protocol developments. Dashjr, a co-founder of Ocean, is now preparing a new mining project called Convoy. Ocean said it will keep operating its transparent, non-custodial pool model and continue paying mining rewards directly to participating miners. The departure came after Dashjr took several weeks off following the failure of the controversial BIP-110 proposal, which sought to limit the storage of non-financial data on Bitcoin.
Bitcoin developer Luke Dashjr has left mining pool Ocean, stepping down as chairman, chief technology officer, and board director. Parent company Mummolin has bought back all of his equity.
Both sides said the separation was mutual and stemmed from differences over the future direction of Bitcoin mining and recent protocol developments.
Convoy to follow his exit from Ocean
Dashjr was a co-founder of Ocean. After leaving, he will launch a new mining project called Convoy.
Ocean says its operating model will remain in place
Ocean said it will continue to run its transparent, non-custodial mining pool and pay mining rewards directly to participating miners.
Departure came after the failure of BIP-110
The exit came after Dashjr took several weeks off following the failure of the BIP-110 proposal. BIP-110 was a controversial proposal aimed at limiting the storage of non-financial data on Bitcoin.
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