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Veteran Bitcoin developer Luke Dashjr exits OCEAN pool – Will hash power follow him to new pool?

OCEAN Mining has executed a buyout of co-founder and veteran Bitcoin Core developer Luke Dashjr, formally ending his equity ownership and his positions as chairman, chief technology officer, and director. Following the corporate split, which stemmed from differing visions on recent protocol developments, Dashjr plans to launch a new Bitcoin mining venture dubbed CONVOY. However, details regarding CONVOY's technical infrastructure, fees, or miner participation have not yet been disclosed. Despite the executive departure, OCEAN maintains a stable operational foothold on the network. Data from Mempool.space shows the pool accounted for approximately 2.45% of daily blocks (about 24.57 EH/s) and 2.88% across the trailing week (25.33 EH/s). Market observers note that while leadership has fragmented, concrete movement in hashpower will depend on whether miners migrate their computing power to Dashjr's upcoming CONVOY pool once launched.

Category

Bitcoin

Sentiment

Neutral

Event

Corporate action

Reading time

1 min