Bitmain ends funding for Bitcoin Core developers

The cryptocurrency mining equipment manufacturer Bitmain has halted funding for several developers involved in the Bitcoin ecosystem, according to Bitcoin Core developer Jonas Schnelli.

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

Schnelli had received support from Bitmain for more than three years. Along with him, funding was cut for his colleague, known on GitHub by the handle “promag”.

“Thank you to Bitmain for the help (despite the disagreements we had),” wrote the developer.

Some Twitter users supported the post’s author in the replies. According to one of them, few have done more for Bitcoin than Schnelli.

@_jonasschnelli_ is a legend

At the time of writing, he has 500+ commits to Bitcoin Core stretching all the way back to 2013. Few have done more for Bitcoin than himhttps://t.co/Xwh38gJC5n

— Imran Lorgat⚡ (@ImranLorgat) December 1, 2020

Swiss cryptocurrency project Relai said it would be glad to direct part of its revenue toward Bitcoin development.

@_jonasschnelli_ we‘re happy to contribute some part of our revenue, even though it‘s not a lot yet😁
will get in touch via DM👍

— Relai 🇨🇭 (@Relai_ch) December 1, 2020

Jonas Schnelli: Bitcoin’s price will rise after the transformation of the cryptocurrency into a world payments system

CEO of Marathon Patent Group Merrick Okamoto asked Schnelli to get in touch to discuss sponsorship.

Jonas — I am the CEO of Marathon Patent Group, one of the largest No American BTC Miners. Please send me a DM if you’d like to discuss a Sponsorship.

— Merrick Okamoto (@mokamoto) December 1, 2020

Earlier in November Bitcoin developers John Newbery and Mike Schmidt created an independent non-profit organization, Brink. It received support from the company Square Crypt, Kraken and Gemini.

Subscribe to ForkLog’s channel on YouTube!