Bitmain, one of the world’s largest Bitcoin mining (BTC) producers, has reportedly cut funding for some of the major developers supporting Bitcoin-related software.
Jonas Schnelli, a major shareholder and conservative in Bitcoin Core, said that Bitmain has ended its support after more than three years of financing the effort.
In a tweet dated December 1, Schnelli stated that he has lost Bitmain sponsorship along with Joao Barbosa, another Bitcoin Core shareholder, also known as Promag on GitHub.
“Thanks to Bitmain for all the help (despite the controversy received),” Schnelli tweeted, asking the crypto community to contribute to their further Bitcoin Core efforts.
Bitmain did not respond to Cointelegraph’s request for comment at the time of filing.
Hex founder Richard Hart later commented that other companies would be willing to fund the Bitcoin Core project as Bitcoin reaches a full-time high.
Some Reddit users have also suggested that Bitmain may have found better ways to spend their money than to fund the Bitcoin Core project. A Redditor contributor commented: “I think it’s a miracle that they’re still being funded by them.”
Bitcoin Core is a large open source project for supporting and releasing Bitcoin client software. The project describes itself as a direct descendant of the original Bitcoin client published by Satoshi Nakamoto after he published the Bitcoin White Paper in 2008.