Bitcoin mining divide pushes Luke Dashjr out of OCEAN

2 weeks ago 23



OCEAN co-founder Luke Dashjr left the Bitcoin mining pool on Aug. 29 after reaching a mutual separation agreement with its parent company, Mummolin Inc. He resigned as chairman, chief technology officer and director. Summary OCEAN co-founder Luke Dashjr resigned as chairman, chief technology officer and director by mutual agreement. Mummolin repurchased all Dashjr’s equity, ending his ownership interest in the Bitcoin mining pool entirely. Dashjr will establish CONVOY to continue promoting decentralized Bitcoin mining; launch details remain undisclosed today. OCEAN said it will continue operating its transparent, non-custodial pool for Bitcoin miners without Dashjr. The parties cited differing visions after recent protocol developments but identified no specific technical disagreement. Mummolin also repurchased all of Dashjr’s equity, according to a joint statement. Neither party disclosed the value of the repurchase or Dashjr’s former ownership percentage. OCEAN and Luke Dashjr announce today that, by mutual agreement, Luke Dashjr has separated from OCEAN, resigning as Chairman, Chief Technology Officer, and director.Link to the joint statement press release here: https://t.co/zPu...

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