Luke Dashjr Exits OCEAN Pool to Launch CONVOY
Bitcoin dev Luke Dashjr is out at OCEAN after a co-founder buyout, and he's already building a rival pool.
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Key takeaways
- Luke Dashjr has exited OCEAN mining pool after being bought out as co-founder.
- OCEAN held 2.45% of trailing-day Bitcoin blocks following the buyout.
- Dashjr's new mining pool venture, CONVOY, currently has no visible operational footprint.
Luke Dashjr is officially out at OCEAN. The mining pool bought out its veteran co-founder, cutting ties clean as Dashjr pivots to a fresh venture.
2.45% of trailing-day blocks still went to OCEAN right after the split. The deal didn't wipe out their market footprint overnight.
Next up for Dashjr is a new pool named CONVOY. So far, CONVOY hasn't posted any active hash rate or operational footprint, so it's anyone's guess how much mining juice actually follows him.
Why it matters
Mining pool distribution dictates Bitcoin's decentralization and censorship resistance. If miners follow Dashjr to CONVOY, OCEAN could lose its footing and hand hash power to an untested setup. Watch whether miners loyal to Dashjr's playbook start migrating their rigs over the coming weeks.
Source: CryptoSlate
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