---
title: "Veteran Bitcoin developer Luke Dashjr exits OCEAN pool – Will hash power follow him to new pool?"
url: https://thecoingazette.com/veteran-bitcoin-developer-luke-dashjr-exits-ocean-pool-will-hash-power-follow-him-to-new-pool/
date: 2026-08-30
modified: 2026-08-30
lang: en
author: "Coin Gazette Editorial"
description: "OCEAN Mining has completed a buyout of co-founder and 16-year veteran Bitcoin Core developer Luke Dashjr, ending his ownership and three leadership roles at the Bitcoin mining pool. Dashjr resigned..."
categories:
  - "BIP-110"
  - "Bitcoin"
  - "Featured"
  - "Mining"
word_count: 493
---

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

OCEAN Mining has completed a buyout of co-founder and 16-year veteran Bitcoin Core developer Luke Dashjr, ending his ownership and three leadership roles at the [Bitcoin mining pool](https://cryptoslate.com/mining/).

Dashjr resigned as chairman, chief technology officer and director, while OCEAN repurchased all of his equity, according to an Aug. 29 [joint statement](https://www.prnewswire.com/news-releases/joint-statement-of-ocean-and-luke-dashjr-302864347.html). Holding those board, technical and executive positions had placed him at the center of both OCEAN's governance and its mining-policy decisions.

The private company did not disclose the repurchase price, its remaining ownership structure or successor appointments. OCEAN said it will continue operating its transparent, non-custodial pool, while Dashjr will pursue a new mining venture called CONVOY.

At the reporting cutoff, CONVOY had not published enough to verify an operating pool. Its [public profile](https://x.com/Convoy_Mining) and the announcement disclosed no endpoint, codebase, participating miners, infrastructure, fees or block-template policy. They also disclosed no transfer of miners, staff other than Dashjr, or infrastructure from OCEAN.

[

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## OCEAN still represents a measurable share

A [Mempool.space snapshot](https://mempool.space/mining/pool/ocean) at 07:07 UTC on Aug. 30 attributed four of the previous 163 Bitcoin blocks to OCEAN, equal to 2.45%. Applying that share to the endpoint's network hashrate estimate produced a block-share-derived estimate of about 24.57 exahashes per second.

The longer window was similar. Mempool.space attributed 29 of 1,007 trailing-week blocks to OCEAN, or 2.88%, while its latest weekly hashrate row put the pool at 25.33 EH/s and 2.86% of the network.

Across both windows, OCEAN remained within a broad 2.5% to 3% band that makes miner departures measurable without turning a single block into a trend.

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Those figures describe hashpower directed to OCEAN, not mining machines owned by the company. A trailing 24-hour window can also move quickly as blocks enter and leave the sample, making it a snapshot rather than durable market share.

[![Infographic showing Luke Dashjr](https://cryptoslate.com/wp-content/uploads/2026/08/exec-722f4615-7bea-4561-9ba3-0bcb8104b83e.png)](https://cryptoslate.com/wp-content/uploads/2026/08/exec-722f4615-7bea-4561-9ba3-0bcb8104b83e.png)

The joint statement said the separation reflected different visions following recent protocol developments, but it did not name BIP-110, Bitcoin Knots, a proof-of-work change or another proposal as the cause.

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OCEAN [added dedicated BIP-110 and no-signal endpoints](https://x.com/ocean_mining/status/2074825828731342880) in July, then [returned its default endpoint](https://x.com/ocean_mining/status/2086434453979587028) to the non-BIP-110 chain on Aug. 9 while keeping both choices live. OCEAN said its DATUM system let participating miners control block construction. CryptoSlate's [earlier coverage](https://cryptoslate.com/bitcoins-bip-110-fork-is-back-but-its-backers-want-to-replace-the-miners/) detailed the surrounding fork and proof-of-work dispute, but the separation statement did not tie a specific development to the buyout.

A functioning CONVOY pool, published mining instructions or a sustained change in OCEAN's share would provide the first measurable evidence that miners and template policy are moving. The corporate split alone does not.

The post [Veteran Bitcoin developer Luke Dashjr exits OCEAN pool – Will hash power follow him to new pool?](https://cryptoslate.com/veteran-bitcoin-developer-luke-dashjr-exits-ocean-pool-will-hash-power-follow-him-to-new-pool/) appeared first on [CryptoSlate](https://cryptoslate.com/).