Backers of the failed BIP-110 fork are targeting September 1 for a proof-of-work change to abandon Bitcoin’s miners and launch a separate coin, following a swift collapse that saw the proposed rule change frozen after mining just two blocks.
The Quick Collapse of the BIP-110 Fork
BIP-110 originally proposed a temporary soft fork to cap transaction data sizes, aiming to push Ordinals inscriptions and non-money content out of blocks. Despite lowering the usual 95% miner approval threshold to 55%, support peaked at just 2.53%. Mandatory signaling began at block 961,632, with nodes enforcing the rules via Bitcoin Knots rejecting un-signaling blocks. A small mining group on the OCEAN platform named Roughnecks mined the fork’s only two blocks before giving up on August 9. Tracking data from BIP110 Monitor confirmed the chain froze at block 961,633, leaving Bitcoin more than 240 blocks ahead.
Targeting a Breakaway Coin by September 1
Following the network freeze, pseudonymous author Dathon Ohm claimed large mining pools colluded against the node network, announcing community work on a proof-of-work change to fire the miners. Luke Dashjr, Bitcoin Knots maintainer and OCEAN pool co-founder, pointed to September 1 for the activation of a separate coin. Strategy executive chairman Michael Saylor noted that about 99.85% of Bitcoin’s hashpower stayed with the main chain. Meanwhile, Bitcoin (BTC) trades near $64,722, up 0.6% over the past 24 hours according to BeInCrypto data.
Fallout Hits Luke Dashjr and OCEAN Pool
The aftermath has triggered governance and operational fallout for key figures. Murch, a Bitcoin Core contributor, filed a motion to strip Luke Dashjr of his BIP Editor role, citing conflicts of interest regarding BIP-110. Meanwhile, OCEAN admitted to routing customer hashrate to the minority chain for roughly 18 hours without explicit consent, resulting in a 96% collapse in its reported hashrate and sparking demands from miners for leadership changes.
