MarketPR
OCEAN's hashrate fell 96% through August after the Bitcoin mining pool routed customer power to a minority chain for roughly 18 hours without clear miner consent, and the turmoil closes with Luke Dashjr's resignation as chairman and chief technology officer one day before a hard fork he backs is set to split from the main Bitcoin chain.
OCEAN also repurchased all of Dashjr's equity as part of the separation.
The fork switches proof-of-work to BLAKE2b, an algorithm existing Bitcoin mining hardware cannot run, leaving $BTC holders on notice about replay risk and which chain their wallet tracks.
The operational collapse at OCEAN Dashjr now calls the main Bitcoin chain "Spamcoin." His earlier campaign, BIP-110, was an anti-spam soft fork that needed 55% miner support to advance.
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