Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

XRP Ledger Nears Oct. 23 Upgrade as Lending Votes Fall Short

24/10/2026

Binance Transfers 102M USDT to Ceffu Amid Market Interest

24/10/2026

VersaBank Pilots Tokenized Deposits on Algorand Blockchain

24/10/2026
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Bitcoin’s Next Move: Here’s What to Watch

    24/10/2026

    Bitcoin Stash With Reportedly Lost Keys Suddenly Moves After 10 Years

    24/10/2026

    Bitcoin ETFs Post Their Best Day in Nearly a Month as BlackRock Does All the Buying

    24/10/2026

    Bitcoin Price Hits $83K as Shorts Suffer $45M in Wipeouts

    24/10/2026

    Ethereum’s four-minute settlement plan could lower the cost of moving crypto

    24/10/2026

    Can $61M in whale withdrawals help ETH bulls regain control?

    24/10/2026

    ETH Slips Below $2,400 as ETF Outflows and Market Sell-Off Pressure Bulls

    24/10/2026

    Ethereum Developers Cancel Oct. 26 Glamsterdam Upgrade on Hoodi

    24/10/2026

    XRP Ledger Nears Oct. 23 Upgrade as Lending Votes Fall Short

    24/10/2026

    Injective Activates Fixed Gas Costs for Exchange Transactions

    24/10/2026

    JustLend DAO Completes Fifth JST Buyback and Burn of $23.5M

    24/10/2026

    Japan taps Chainlink’s CCIP to accelerate tokenization — Details

    24/10/2026

    Collector Crypt Reports Record $24.3 Million Day

    22/10/2026

    Yuga Labs Launches Mudwater Trading-Card NFTs on Solana

    22/10/2026

    Is It Still the Best NFT Marketplace?

    21/10/2026

    Yuga Labs Launches Mudwater TCG on Solana, Featuring BAYC Art

    18/10/2026

    XRP Ledger Nears Oct. 23 Upgrade as Lending Votes Fall Short

    24/10/2026

    Binance Transfers 102M USDT to Ceffu Amid Market Interest

    24/10/2026

    VersaBank Pilots Tokenized Deposits on Algorand Blockchain

    24/10/2026

    Bitcoin’s Next Move: Here’s What to Watch

    24/10/2026
  • Blockchain

    VersaBank Pilots Tokenized Deposits on Algorand Blockchain

    24/10/2026

    Chainlink Expands CCIP to Robinhood, Enhancing Digital

    24/10/2026

    Tx launches USTX stablecoin to pull RWA liquidity onto its chain

    23/10/2026

    Injective, BDACS plan Korean won stablecoin settlement for tokenized assets

    23/10/2026

    1inch Brings Ondo Tokenized Stocks and ETFs to Solana

    23/10/2026
  • DeFi

    What’s New in VelodromeFi’s AMM? A Look at Smart Fees

    24/10/2026

    xStocksFi Claims First to Surpass $100M in DeFi Deposits

    24/10/2026

    Pendle Expands One-Click Looping to Yield Assets and Tokenized Stocks

    24/10/2026

    Pendle Finance Lists Over 100 RWA Markets as DeFi Gains

    24/10/2026

    D3 Links HYPE Vault to Early Access for New Domain Names

    24/10/2026
  • Metaverse

    Exploring the Future of the Metaverse

    19/10/2026

    Is Solana Gaming Back? Kintara Activity Fuels Renewed Optimism in Onchain MMOs

    24/06/2026

    The Sandbox launches AI game engine ‘The Sandbox Studio’ for next-generation creators

    10/06/2026

    Meta commits $13M in funding for Oversight Board through 2028

    29/05/2026

    Why Animoca’s Yat Siu says the future is 100 billion AI agents

    07/05/2026
  • Regulation

    Former Coinbase Investment Chief Now Manages Evernorth’s 473M XRP

    24/10/2026

    Franklin Templeton Talks Tokenization and RWAs in New Podcast

    24/10/2026

    Bitwise, SVRN Bet on NEAR as AI Infrastructure Thesis Takes Shape

    24/10/2026

    Fed’s Williams sees AI supply squeeze lasting beyond 2 years

    24/10/2026

    Debt to be Paid Off, Shares to be Buyback! Here are the Details

    24/10/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Binance Transfers 102M USDT to Ceffu Amid Market Interest

    24/10/2026

    1inch Announces Expanded Support for RWA Categories

    24/10/2026

    Ondo Launches OpenAI Exposure Note, Tokenizing Pre-IPO Asset

    24/10/2026

    Alpaca Custodian for 83.5% of Tokenized Stocks, Influencer

    24/10/2026

    ICO market slows sharply with only six completions in 2026

    30/04/2026

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Top 12 NFT games every player should know about in August 2026

    19/08/2026

    GameShame Studios founder details Raijin Protocol’s roadmap in NeoPod’s sixth AMA

    13/08/2026

    How BC.GAME is turning players into stakeholders

    04/08/2026

    YGG Play Shuts Down Services as Yield Guild Pivots to AI Data

    01/08/2026

    Heatbit’s $899 Water Heater Element Mines Bitcoin While It Heats Your Tank

    23/10/2026

    TSMC Looks to Replace Chinese Rare-Earth Components in Equipment Used to Make AI Chips

    23/10/2026

    Bitcoin mining offshoot Nscale loses Microsoft AI deal as power delay stretches into 2030s

    19/10/2026

    Binance Pool shuts on November 10, with record access ending two weeks later

    17/10/2026

    Kazakhstan court bars Coinbase, five others from unlicensed crypto services in Astana International Financial Centre

    23/10/2026

    Moscow targets traders importing Tether’s USDT from abroad

    23/10/2026

    Andrew Cuomo Revisits His 2011 Crypto Roots as OKX Rolls Out $500K Shield

    23/10/2026

    Clarity Act Faces Opposition as Democrats Push for Token

    23/10/2026

    XRP Ledger Nears Oct. 23 Upgrade as Lending Votes Fall Short

    24/10/2026

    Binance Transfers 102M USDT to Ceffu Amid Market Interest

    24/10/2026

    VersaBank Pilots Tokenized Deposits on Algorand Blockchain

    24/10/2026

    Bitcoin’s Next Move: Here’s What to Watch

    24/10/2026
  • MarketCap
NBTC News
Home»Mining»Roughnecks Quits BIP-110 Mining as Ocean Hashrate Collapses
Mining

Roughnecks Quits BIP-110 Mining as Ocean Hashrate Collapses

NBTCBy NBTC09/08/2026No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Roughnecks Pulls the Plug as the Fork Freezes

The group announced the decision shortly before 4 a.m. UTC on Aug. 9, following a team meeting around 3:40 a.m. Roughnecks stressed that the move was difficult but insisted it did not view the retreat as a defeat for BIP-110, instead calling it an “escalation to the next step.” It also advised anyone still mining the BIP-110 chain under Bitcoin’s current proof-of-work (PoW) algorithm to stop until further notice.

The timing leaves little ambiguity about the pressure behind the decision. Roughnecks had mined BIP-110 blocks 961632 and 961633 after Bitcoin fractured at the mandatory signaling point Saturday, but no third block followed. Meanwhile, Bitcoin’s dominant chain continued stacking blocks normally and quickly left the minority fork dozens of blocks behind.

Adding another warning light, Ocean’s displayed hashrate has collapsed. The pool reached roughly 36 exahash per second (EH/s) on Aug. 8 before falling to about 1.25 EH/s by Aug. 9, a decline of roughly 96.5%.

Ocean hashrate over the last month via Ocean’s web portal.

Ocean had become the central mining venue associated with BIP-110 signaling, particularly through its DATUM system, which lets individual miners construct their own block templates and choose whether to signal the proposal.

Bitcoin’s Difficulty Became the Minority Chain’s Trap

The problem facing the breakaway chain is brutally mechanical. When BIP-110 nodes rejected Bitcoin’s non-signaling block 961632 and accepted Roughnecks’ competing block instead, their new chain inherited Bitcoin’s existing mining difficulty. That difficulty had just climbed to roughly 127 trillion, a level calibrated for the enormous amount of computing power securing the dominant Bitcoin network.

BIP-110 miners Roughnecks calling it quits on X on Aug. 8, 2026.

Difficulty determines how hard miners must work, on average, to find a valid block. Bitcoin normally adjusts that difficulty every 2,016 blocks to keep block production near one block every 10 minutes. A minority chain carrying only a tiny sliver of Bitcoin’s former hashrate does not receive an immediate discount. It must keep wrestling with the same difficulty until it reaches another adjustment point.

That created a punishing feedback loop for BIP-110 miners. Less hashrate meant blocks arrived dramatically slower, but slower blocks also meant reaching the next 2,016-block difficulty adjustment became increasingly distant. Monitors projected that completing the necessary period could take hundreds of days under severely reduced mining power.

BIP-110 Never Won the Hashrate Battle

BIP-110, formally called the Reduced Data Temporary Softfork, was designed to temporarily restrict several methods used to place non-financial data inside Bitcoin transactions. Supporters argued those techniques, including Ordinals-related activity and large data payloads, increased storage and validation burdens while pulling Bitcoin away from its primary monetary purpose.

The proposal’s activation design became the decisive fault line. BIP-110 sought 55% miner signaling during a 2,016-block difficulty period. When that threshold failed, nodes enforcing the proposal were programmed to begin rejecting non-signaling blocks at height 961,632. Miner support never came close, topping out around 2.5% to 2.6% before the mandatory window began.

That meant the split arrived with the overwhelming majority of Bitcoin’s mining power on the other side. Antpool produced a non-signaling block 961632 that Bitcoin’s main network accepted, while BIP-110 nodes rejected it and followed Roughnecks’ competing Ocean-linked block. Roughnecks found one more block at 961,633, but the expected migration of additional mining power never materialized into anything meaningful.

BIP-110 proponent and Club Orange founder and CEO Matteo Pellegrini, along with several other supporters, appeared stunned by the result. “The lesson from BIP-110 is that 15-20% of the nodes is not enough to change Bitcoin consensus,” Pellegrini wrote on X. Pellegrini’s admission drew immediate pushback, with several respondents suggesting Pellegrini revisit Satoshi Nakamoto’s white paper, in which Bitcoin’s inventor states:

“They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism.”

Two Blocks Expose the Economics of a Minority Fork

The result offers a stark demonstration of what happens when node rules and mining economics diverge. Software can reject blocks according to a different rule set, but those nodes still need miners willing to spend electricity and computing resources building the alternative chain. Without enough hashrate, confirmations slow dramatically and the chain’s usefulness deteriorates.

Roughnecks acknowledged that reality by describing continued mining under current conditions as largely wasteful while maintaining that the broader BIP-110 campaign is not finished. Possible next steps discussed around the effort include different coordination strategies or even a change to the proof-of-work (PoW) algorithm, although no replacement strategy had been established this weekend.

For users running BIP-110-enforcing software, the immediate problem is practical rather than philosophical. Their nodes are following a chain that has produced only two blocks since the split. Because both chains recognize many of the same transactions, users also face potential replay complications if coins are spent without deliberately separating activity between the two networks.

A small fraction of hashrate associated with Ocean is still mining the minority chain as of 8 a.m. EDT on Aug. 9, 2026.

The next question is whether anyone replaces Roughnecks as a meaningful source of mining power. As of the group’s announcement, BIP-110 had not locked in or activated its transaction restrictions on Bitcoin’s dominant chain, Roughnecks had stopped operating under its name, Ocean’s displayed hashrate had fallen sharply and the minority fork remained stranded at two blocks.

Any revival now depends on fresh hashrate, a revised technical strategy or another coordinated attempt to keep the breakaway chain alive. Despite Roughnecks’ decision to stop pointing hashpower at the minority chain, at 8 a.m. EDT on Aug. 9, statistics still show a small fraction of SHA256 hashrate is still chasing BIP-110 block 961634.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Related Posts

Heatbit’s $899 Water Heater Element Mines Bitcoin While It Heats Your Tank

23/10/2026

TSMC Looks to Replace Chinese Rare-Earth Components in Equipment Used to Make AI Chips

23/10/2026

Bitcoin mining offshoot Nscale loses Microsoft AI deal as power delay stretches into 2030s

19/10/2026

Binance Pool shuts on November 10, with record access ending two weeks later

17/10/2026
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

XRP Ledger Nears Oct. 23 Upgrade as Lending Votes Fall Short

24/10/2026

Binance Transfers 102M USDT to Ceffu Amid Market Interest

24/10/2026

VersaBank Pilots Tokenized Deposits on Algorand Blockchain

24/10/2026
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.