Luke Dashjr exits OCEAN; CONVOY discloses no footprint
Luke Dashjr sold his OCEAN stake and resigned as chairman, CTO and director. He plans a new firm, CONVOY, which has not disclosed a pool or miners. OCEAN still mined about 2.5% of recent blocks.
OCEAN Mining repurchased all equity held by co-founder Luke Dashjr and confirmed his resignation as chairman, chief technology officer and director in a joint statement dated Aug. 29. The company did not disclose the buyout price, remaining ownership structure or any successor appointments. OCEAN said it will continue to operate a transparent, non-custodial mining pool.
Dashjr plans a new mining venture called CONVOY. At the reporting cutoff, CONVOY had published no pool endpoint, pool codebase, list of participating miners, fee schedule, block-template policy or transfer of miners or infrastructure from OCEAN. No staff beyond Dashjr were listed as moving to the new firm.
Block-attribution data provide a snapshot of OCEAN’s current footprint. A mempool.space snapshot taken at 07:07 UTC on Aug. 30 attributed four of the previous 163 Bitcoin blocks to OCEAN, equal to 2.45% of the 24-hour sample. Over the trailing week, mempool.space attributed 29 of 1,007 blocks to OCEAN, or about 2.88%. Applying those shares to the endpoint hashrate produced estimates in the mid-20 exahash-per-second range, roughly 24.6–25.3 EH/s across the two windows. These figures reflect hashpower directed to OCEAN’s endpoints, not machines owned by the company, and a 24-hour window can change quickly as blocks enter or leave the sample.
The joint statement cited differing visions after recent protocol developments but did not identify a specific proposal. In July, OCEAN added dedicated BIP-110 and no-signal endpoints. On Aug. 9 the pool returned its default endpoint to the non-BIP-110 chain while keeping both options available. OCEAN has said its DATUM system lets participating miners control block construction and choose among available templates.
A measurable migration of miners or template policy would require a functioning CONVOY pool, published mining instructions, or a sustained change in OCEAN’s share of mined blocks and hashrate. At the time of the announcement, no public evidence indicated miners, endpoints or policies had moved from OCEAN to CONVOY.
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