Final November the Bitcoin Money (BCH) neighborhood witnessed a hash warfare that resulted in a bifurcation of the principle chain. The spat noticed one of many first examples of the alpha miner technique and an try to actually take a look at Nakamoto consensus. A few week earlier than the fork, a brand new mining operation was introduced known as Shark Pool aimed toward explicitly attacking weaker chains. Nevertheless, a brand new sort of mining group revealed itself on Feb. 15 known as Orca Pool which seeks to defend altcoins and forks from being attacked by malicious miners.
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Blockchains Beware: Sharks within the Water
Simply earlier than the BCH laborious fork and blockchain cut up which noticed the start 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 completely mine blocks on low proof-of-work chains and create a collection of orphaned blocks. Moreover, Shark Pool would additionally promote earnings from mining these different cash so as to purchase BSV. Shark Pool was based by Cashpay Options cofounder Ari Kuqi who can also be identified for the undertaking Cryptonize.it.
“All altcoins, together with forks and splits, are acts of warfare in opposition to Bitcoin and are going to be handled as such,” defined Shark Pool after 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 neighborhood 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 properly. Simply earlier than the brand new 12 months, the pool defined that 2019 could be the “12 months of the Shark” and the group emphasised that it nonetheless had its sights set on BTCP’s mainnet. “Exchanges would 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 strive and recruit extra miners to be part of the mining operation. For example, on Jan. 5, the well-known BSV supporter Kevin Pham defined to his Twitter followers that “actual Bitcoin maximalists” are like Shark Pool and “you’d need to destroy shitcoins like litecoin, not help them.” Not everybody agrees with the BSV neighborhood’s mentality although and on Feb. 15 a brand new pool was born so as to retaliate in opposition to miners like Shark Pool. On Friday afternoon a newly created Twitter deal with said:
Join 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 part of the pool’s assets. The web site particulars that the Orca, in any other case often called the killer whale, is a predator of the shark. The mining group’s web site Orcapool.money says the group believes miners ought to defend blockchain censorship and the positioning explains intimately why they began the group.
“All Altcoins, together with forks and splits, ought to compete within the free market — Predatory swimming pools have emerged that want to intervene with this course of by illegally attacking blockchains with hashpower,” it reads. “Orca Pool miners will completely mine chains needing protection from attackers, and promote the rewards for bitcoin.”
As soon as 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 just lately which signifies that some miners suppose 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 just lately and a resurgence of “unknown miners” has been seen on each the BCH and BTC networks.
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Picture credit: Shutterstock, Pixabay, Twitter, Shark Pool, and Orca Pool logos.
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