Luke Dashjr leaves OCEAN mining pool after buyout, new CONVOY project remains unverified
Bitcoin developer exits OCEAN pool after buyout
OCEAN Mining has completed a buyout of co-founder and long-time Bitcoin Core developer Luke Dashjr, ending his ownership and leadership roles at the company. According to a joint statement on August 29, Dashjr resigned as chairman, chief technology officer, and director, while OCEAN repurchased all of his equity.
The private company did not disclose financial details of the buyout, its remaining ownership structure, or who will replace Dashjr in his former roles. OCEAN stated it will continue operating its transparent, non-custodial Bitcoin mining pool, a system where miners contribute computing power to earn rewards without giving up control of their funds.
Dashjr plans to pursue a new mining venture called CONVOY, but as of August 30, no public information confirms an operational pool, mining instructions, participating miners, infrastructure, fees, or block-template policies for the project.
OCEAN retains measurable network share
A snapshot from Mempool.space at 07:07 UTC on August 30 showed OCEAN had mined 2.45% of Bitcoin blocks in the previous 24 hours. Over the past week, the pool accounted for 2.88% of blocks, translating to roughly 25 exahashes per second of the network’s total computing power. These figures reflect hash power directed to OCEAN, not hardware owned by the company.
Unclear if miners will follow
The joint statement cited differing visions following recent protocol developments as the reason for the separation but did not specify which proposals or changes led to the split. OCEAN had previously added support for BIP-110, a proposed Bitcoin upgrade, but later reverted its default settings while keeping options available for miners.
No evidence yet shows miners or hash power moving from OCEAN to CONVOY. A functioning CONVOY pool or a sustained change in OCEAN’s network share would be the first measurable sign of such a shift.
