Bitmain, one of the world’s largest Bitcoin (BTCminer producers, has reportedly cut funding for some primary developers who maintain Bitcoin-related software.
Jonas Schnelli, a major contributor and maintainer of Bitcoin Core, claimed that Bitmain discontinued its support after funding its efforts for more than three years.
“Thank you Bitmain for all the help (despite the disagreement we had),” Schnelli tweeted, asking the crypto community to contribute to its continued efforts on Bitcoin Core.
Bitmain did not respond to Cointelegraph’s request for comment at the time of publication.
HEX founder Richard Heart then noted that other companies would be willing to fund the Bitcoin Core project if Bitcoin is reaching new record highs.
Especially with #Bitcoin To hit new record highs, some whale wants to fund its development.
– Richard Heart: HEX.com 40% APR. 263x in 301 days⬣ (@RichardHeartWin) December 1, 2020
Some Reddit users also suggested that Bitmain could have found better ways to spend their money than fund the Bitcoin Core project. “I consider it a miracle they were still funded by them,” a Redditor noted.
Bitcoin Core is a large open source project that maintains and releases Bitcoin client software. The project describes himself as a direct descendant of the original Bitcoin software client released by Satoshi Nakamoto after he published the Bitcoin whitepaper back in 2008.