Adam Back, CEO of Blockstream, has rejected widespread claims that the Bitcoin (BTC) network will “fire miners” in August 2026. He says developer Luke Dashjr is simply setting up a new currency that operates under different mining rules.
The claim spread across X this week. Buck explained that Bitcoin itself was untouched, and that the project amounts to a spin-off rather than stopping Bitcoin mining.
Why did the talk of “fire the miners” spread?
Posts circulating on social media claimed that Dashgar was “preparing to fire the miners.” However, it was pushed back again in a mail On X, he described this framework as misleading.
The confusion comes from a heated debate over BIP-110. This proposal, backed by the Dashgar camp, wants to limit the amount of non-financial data, such as photos, that people can store on Bitcoin. Its deadline arrives in early August 2026, yet very few miners and node operators support it.
Bitcoin runs on mining computers designed for one specific method of solving puzzles. If someone changed this method, every existing machine would become worthless overnight. Therefore, critics jumped on the idea that Dashgar wanted to take out the entire mining industry.
Earlier in June, Buck issued Bitcoin Warning about fork hazardsThey say the dispute could lead to the split of a small rival chain. Michael Saylor previously called the proposal BTC Protocol threatWhich shows how nervous major investors have become.
Back compares the project to Bitcoin Gold
According to Back, the plan is similar to Bitcoin Gold (BTG). That currency copied the Bitcoin code in 2017 and switched to mining on regular graphics cards. Despite the big promises, it was nowhere close to the original. In Buck’s view, a version without the massive mining power of Bitcoin offers much weaker protection.
Meanwhile, Dashgar has pushed for new mining rules for years. He argues that one company, Bitmain, builds most of the machines that secure Bitcoin today. In his eyes, this puts too much power in the hands of too few.
Timing makes the conflict more sensitive. Mining has become less profitable this year, and Mining difficulty decreased sharply in March as struggling operators pivoted to AI businesses. continuous Double the price of Bitcoin This reduced their profits further.
The question now is whether anyone will follow the Dashjar to its new currency. Historically, Bitcoin clones have quickly faded away rather than becoming a true competitor. The weeks before the August deadline should show whether this attempt is better. For now, Bitcoin miners continue to operate exactly as before.
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