Bitcoin Hashrate Hits 0.31 Percent on BIP-110 Data Limit as August Deadline Looms
Bitcoin miners face a hard deadline in early August for BIP-110, a proposal to temporarily restrict methods used to pack large volumes of data, including ordinals and runes, into transactions. The rule change would make minting new inscriptions significantly harder for roughly a year and requires a 55% threshold of network hashrate signaling support to activate. As of late June, only 0.31% of the network’s computational power has signaled approval, with major mining pools publicly refusing to join.
Proponents argue the limit reduces verification costs for full nodes that must download and validate all added data, while critics caution that the network tracks transaction structures rather than content, meaning current data formats could enable future financial applications. The debate runs parallel to early planning for BIP-361, a separate proposal proposing safer wallet types and a five-year migration window to protect the network from quantum computing threats. The network will begin rejecting blocks that fail to signal support when it reaches block 961,632.
From the sources (4 posts)
@saylorThe impulse to change Bitcoin’s rules merely to prevent others from using Bitcoin in ways you disapprove of is statist and alien to a community rooted in liberty, property rights, free markets, natural law, and Austrian economics. BIP 110 w
@thedefiedgeBitcoin hasn't fought over its core rules like this since the Blocksize Wars. There are 2 fights happening at once. One's over jpegs and the other's over quantum computers. Here’s what’s going on: #1 - BIP-110 This is mainly aimed at
@saylorRT @CoinDesk: INSIGHT: "The impulse to change Bitcoin's rules merely to prevent others from using $BTC in ways you disapprove of is statist…
@dotkruegerIf we pass BIP-110, this sends an unmistakable message to the suits: "you do not control Bitcoin". this is worth fighting for.