withdraws from Bitcoin Cash proposal to divert part of block rewards to dev fund

Roger Ver's mining pool has decided to not support a proposal that aims to redirect 12.5% of Bitcoin Cash block rewards to a development fund.

In a blog post on Tuesday, said it will "not go through with supporting any plan unless there is more agreement in the ecosystem such that the risk of a chain split is negligible." 

" will not risk a chain split or a change to the underlying economics. In order to do this, any proposal will need to have as many people of economic weight on-board as possible, including businesses, exchanges, miners, and Bitcoin Cash implementations," the blog post stated. 

Last week, mining pool BTC.TOP CEO Jiang Zhuoer announced the block reward cut petition in a blog post, stating that the move was to support the development of Bitcoin Cash infrastructure and threatening to orphan blocks that do not go with the proposal. 

At the time,, Antpool,, and ViaBTC all signed Jiang's petition, representing around 31.6% of the total Bitcoin Cash's hash rate. accounts for roughly 0.39% of the total Bitcoin Cash hash rate.