Last November the Bitcoin Cash (BCH) group witnessed a hash conflict that resulted in a bifurcation of the primary chain. The spat noticed one of many first examples of the alpha miner technique and an try to really check Nakamoto consensus. About every week earlier than the fork, a brand new mining operation was introduced referred to as Shark Pool aimed toward explicitly attacking weaker chains. However, a brand new sort of mining group revealed itself on Feb. 15 referred to as Orca Pool which seeks to shield altcoins and forks from being attacked by malicious miners.
Blockchains Beware: Sharks within the Water
Just earlier than the BCH arduous fork and blockchain cut up which noticed the delivery of BSV, a brand new mining pool introduced its plan to assault smaller cryptocurrency networks so as to trigger disruption to the coin’s ecosystem. The operation Shark Pool defined in the course of the first week of November 2018 that the mining group would solely mine blocks on low proof-of-work chains and create a collection of orphaned blocks. Furthermore, Shark Pool would additionally promote income from mining these different cash so as to purchase BSV. Shark Pool was based by Cashpay Solutions cofounder Ari Kuqi who can also be recognized for the challenge Cryptonize.it.
“All altcoins, including forks and splits, are acts of war against Bitcoin and are going to be treated as such,” defined Shark Pool once they launched.
Even after the BCH fork, the Shark Pool group had continued to announce threats towards sure cash they deliberate on ambushing. Three days after the cut up, Shark Pool warned group members of tasks like bitcoin gold (BTG), bitcoin curiosity (BCI), bitcoin diamond (BCD) and bitcoin personal (BTCP). Some individuals additionally accused Shark Pool of attacking the BCH testnet right now as nicely. Just earlier than the brand new yr, the pool defined that 2019 can be the “Year of the Shark” and the group emphasised that it nonetheless had its sights set on BTCP’s mainnet. “Exchanges will require 1,500+ confirms for BTCP, devastating for a cryptocurrency,” Shark Pool detailed on Dec. 23, 2018.
The Orca, Predator of the Shark
Since then, Shark Pool has continued to attempt and recruit extra miners to be a part of the mining operation. For occasion, on Jan. 5, the well-known BSV supporter Kevin Pham explained to his Twitter followers that “real Bitcoin maximalists” are like Shark Pool and “you’d want to destroy shitcoins like litecoin, not support them.” Not everybody agrees with the BSV group’s mentality although and on Feb. 15 a brand new pool was born so as to retaliate towards miners like Shark Pool. On Friday afternoon a newly created Twitter deal with stated:
Sign up for Orca Pool, a mining pool that counters assaults by Shark Pool and sells the rewards for bitcoin.
Orca Pool’s tweet leads to an internet site which explains that miners can join early registration to be a part of the pool’s assets. The web site particulars that the Orca, in any other case generally known as the killer whale, is a predator of the shark. The mining group’s web site Orcapool.cash says the group believes miners ought to defend blockchain censorship and the location explains intimately why they began the group.
“All Altcoins, including forks and splits, should compete in the free market — Predatory pools have emerged that wish to interfere with this process by illegally attacking blockchains with hashpower,” it reads. “Orca Pool miners will exclusively mine chains needing defense from attackers, and sell the rewards for bitcoin.”
Once once more, the cryptocurrency mining ecosystem and its gamers have proven how the business is swift to adapt to new concepts. The idea of miners mining different chains to allow them to purchase their favourite coin is nothing new, however maliciously orphaning blocks and inflicting chaos for exchanges has been a comparatively new menace since final November’s hash wars. Small chains with very low quantities of hashrate like bitcoin gold and vertcoin have been attacked lately which signifies that some miners assume it’s open season and have been on the hunt for these chains. Lastly, there’s additionally been a variety of mining swimming pools hiding their identities lately and a resurgence of “unknown miners” has been seen on each the BCH and BTC networks.
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Image credit: Shutterstock, Pixabay, Twitter, Shark Pool, and Orca Pool logos.
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