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

Bitcoin price may stay below $82K until Fed decision: analysts

03/10/2026

AMM v4 vs CLMM vs CPMM and What Each Costs

03/10/2026

Fed guarantees 2-day stablecoin payouts, but $76B remains blocked

02/10/2026
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 price may stay below $82K until Fed decision: analysts

    03/10/2026

    Two Factors Could Break Bitcoin (BTC) out of Range Trading As Chances of Fed Rate Hike Next Week Hover Around 60%: CoinShares

    02/10/2026

    Bitcoin’s golden cross is here

    02/10/2026

    Analysis Company Issues Alarm for These Levels!

    02/10/2026

    BitMine adds 17K ETH as Ethereum eyes a Q4 breakout against Bitcoin

    02/10/2026

    ETH Targets $3,000 in October as Short Positions Stack Up

    02/10/2026

    Ethereum stays below $2,700 as profit-taking rises and ETF inflows slow

    02/10/2026

    Will Ethereum price recover after ETF outflows?

    02/10/2026

    125.3 Billion SHIB Moved to Fresh Wallet as Whale Activity Heats Up

    02/10/2026

    Ripple’s On-Chain Lending Partner Picks XRP Ledger for Token, Leaves Ethereum Behind

    02/10/2026

    Inside Kaspa’s Toccata Hard Fork and Its Bet on Becoming a Smart Contract Platform

    02/10/2026

    Bitwise liquidates BWOW ETF, but can DOGE defend THIS?

    02/10/2026

    Justin Bieber’s $1.3 Billion Bored Ape NFT is Worthless—Blockstream CEO

    28/09/2026

    The NFT party is over and everybody now owes storage rent

    27/09/2026

    How to reclaim your rescued NFTs after legacy Magic Eden approval exploit

    26/09/2026

    NFT sales rise 57.17% to $55.5M as Ethereum leads

    26/09/2026

    Bitcoin price may stay below $82K until Fed decision: analysts

    03/10/2026

    AMM v4 vs CLMM vs CPMM and What Each Costs

    03/10/2026

    Fed guarantees 2-day stablecoin payouts, but $76B remains blocked

    02/10/2026

    125.3 Billion SHIB Moved to Fresh Wallet as Whale Activity Heats Up

    02/10/2026
  • Blockchain

    Aztec Labs relaunches zk.money wallet for private Ethereum transactions

    02/10/2026

    RWA Distributed Asset Value Hits $38.45B as Top Chains Lead

    02/10/2026

    Puffer Is Building Ethereum for Money That Moves Itself

    02/10/2026

    Metaplex Launches MPL-3643 Standard for Tokenized Securities

    02/10/2026

    Cloak Ag Launches Private Payroll on Solana Blockchain

    02/10/2026
  • DeFi

    AMM v4 vs CLMM vs CPMM and What Each Costs

    03/10/2026

    Sentora’s Morpho Vaults See Sharp Outflows Amid MetaMask Staking Incident

    02/10/2026

    Pendle’s RWA Stack Hits Over $1B in TVL, Sparking Social

    02/10/2026

    Solana Surpasses All Chains with Record DEX Volume for 15

    02/10/2026

    Aave’s Stock-Backed Loans on Base Cross $9 Million

    02/10/2026
  • Metaverse

    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

    ‘8,000 Jobs’—Polymarket Sees Tech Layoff Surge As Meta AI Push Bites

    18/04/2026
  • Regulation

    Fed guarantees 2-day stablecoin payouts, but $76B remains blocked

    02/10/2026

    Why $28B in weekend trading has Wall Street chasing crypto’s 24/7 model

    02/10/2026

    Tokenized Stocks Hit $3.6B as Avalanche and Solana Split the Market

    02/10/2026

    Hut 8 locks in $1B credit line, but faces 40% liquidity rules

    02/10/2026

    October Fed Rate Hike Odds Drop to 44% After Williams’ Dovish Remarks

    02/10/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Hyperliquid launches trailing stops across perpetual markets

    02/10/2026

    Binance Wallet opens $4.8M pPOLY Pre-Access event

    02/10/2026

    UTechStables Expands Subscription Pool Quota, Says Binance

    02/10/2026

    Backpack Enhances Tokenized Equities With Improved Liquidity

    02/10/2026

    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

    30 Bitcoin miners detained in Malaysia electricity theft investigation

    30/09/2026

    Soluna And Bitdeer Add 7 MW To Texas Bitcoin Mining Deal

    30/09/2026

    Kazakhstan Proposes Using Flared Oil Field Gas to Power Crypto Mining

    29/09/2026

    Riot Platforms repays $200M credit facility, releases collateral

    28/09/2026

    CNV Argentina Announces Regulatory Reforms for Capital Markets

    02/10/2026

    SEC Staff Adds ‘No Central Party’ Limit to Token Buyback FAQ

    02/10/2026

    Greece gets first MiCA entrants as watchdog denies Binance-Lagarde claim

    02/10/2026

    Morpho’s Faustine Fleuret Explains What It Means For US DeFi Builders

    02/10/2026

    Bitcoin price may stay below $82K until Fed decision: analysts

    03/10/2026

    AMM v4 vs CLMM vs CPMM and What Each Costs

    03/10/2026

    Fed guarantees 2-day stablecoin payouts, but $76B remains blocked

    02/10/2026

    125.3 Billion SHIB Moved to Fresh Wallet as Whale Activity Heats Up

    02/10/2026
  • 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

30 Bitcoin miners detained in Malaysia electricity theft investigation

30/09/2026

Soluna And Bitdeer Add 7 MW To Texas Bitcoin Mining Deal

30/09/2026

Kazakhstan Proposes Using Flared Oil Field Gas to Power Crypto Mining

29/09/2026

Riot Platforms repays $200M credit facility, releases collateral

28/09/2026
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

Bitcoin price may stay below $82K until Fed decision: analysts

03/10/2026

AMM v4 vs CLMM vs CPMM and What Each Costs

03/10/2026

Fed guarantees 2-day stablecoin payouts, but $76B remains blocked

02/10/2026
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.