Wang Chun, co-founder of F2Pool, the third-largest bitcoin mining pool, said on X that Luke Dashjr, co-founder and CTO of OCEAN pool, is bankrupt both financially and in terms of personal credibility. Wang also said that changing the proof-of-work algorithm would not produce good results. His comments follow reports that the Bitcoin BIP-110 fork faced collapse within eight hours of activation, supported by insufficient hash power and yielding only two blocks.
Wang Chun, co-founder of F2Pool, the third-largest bitcoin mining pool, said on X that Luke Dashjr, co-founder and CTO of OCEAN pool, is not only financially bankrupt but has also lost his personal credibility. Wang added that attempts to change the proof-of-work algorithm will not fare well either.
Earlier reports showed that the Bitcoin BIP-110 fork was facing collapse just eight hours after going live, having attracted insufficient hash power and producing only two blocks.
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