Bitmain Halted Its Funds For Some Primary Developers Maintaining Bitcoin-Related Software

Bitmain has halted its funding for some primary developers maintaining Bitcoin-related software.

It has been reported that Jonas Schnelli, a major Bitcoin Core contributor and maintainer, claimed that Bitmain halted its support after funding his efforts for more than three years.

However, Schnelli said that he lost his sponsorship from Bitmain alongside Joao Barbosa, another Bitcoin Core contributor also known under the “Promag” nickname on GitHub.

Schnelli tweeted:

“Thanks Bitmain for all the help (despite the disagreement we had).”

Likewise, Richard Heart, the founder of Hex, commented that other companies would be willing to fund the Bitcoin Core project as Bitcoin hits new all-time highs. 


Today, I lost my sponsorship. After more than 3 years, Bitmain decided to halt funding Bitcoin Core developers (also Joao Barbosa/promag). Thanks Bitmain for all the help (despite the disagreement we had)! Help me to continue my work on Bitcoin Corehttps://t.co/5FeGoB76j8 ❤️ — Jonas Schnelli (@_jonasschnelli_) December 1, 2020

Also, some Reddit users also suggested that Bitmain could have found better ways to spend their money than funding the Bitcoin Core project.

One Redditor noted:

“I consider it a miracle that they were still being funded by them.”

Bitcoin Core is a major open-source project maintaining and releasing Bitcoin client software.

Thus, the project describes itself as a direct descendant of the original Bitcoin software client released by Satoshi Nakamoto after he published the Bitcoin whitepaper back in 2008. 

Source: Cointelegraph

#bitmain #CryptoNewsPoint #DigitalNotice #JonasSchnelli

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