Orca Pool Mining Operation Aims to Defend Altcoins and Forks From Attacks

Final November the Bitcoin Money (BCH) neighborhood witnessed a hash struggle 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 really check Nakamoto consensus. A couple of week earlier than the fork, a brand new mining operation was introduced referred to as Shark Pool geared toward explicitly attacking weaker chains. Nonetheless, a brand new kind of mining group revealed itself on Feb. 15 referred to as Orca Pool which seeks to defend altcoins and forks from being attacked by malicious miners.

Additionally Learn: Bitcoin’s Social Contract Should Be Resilient to the Whims of Future Generations

Blockchains Beware: Sharks within the Water

Simply earlier than the BCH onerous 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 throughout the first week of November 2018 that the mining group would solely mine blocks on low proof-of-work chains and create a sequence of orphaned blocks. Moreover, Shark Pool would additionally promote income from mining these different cash so as to purchase BSV. Shark Pool was based by Cashpay Options cofounder Ari Kuqi who can be recognized for the challenge Cryptonize.it.

“All altcoins, together with forks and splits, are acts of struggle towards Bitcoin and are going to be handled as such,” defined Shark Pool once they launched.

Orca Pool Mining Operation Aims to Defend Altcoins and Forks From Attacks

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 initiatives like bitcoin gold (BTG), bitcoin curiosity (BCI), bitcoin diamond (BCD) and bitcoin non-public (BTCP). Some individuals additionally accused Shark Pool of attacking the BCH testnet presently as nicely. Simply earlier than the brand new yr, the pool defined that 2019 can be the “Yr 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 attempt and recruit extra miners to be a part of the mining operation. As an illustration, 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 assist 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 towards miners like Shark Pool. On Friday afternoon a newly created Twitter deal with acknowledged:

Join Orca Pool, a mining pool that counters assaults by Shark Pool and sells the rewards for bitcoin.

 

Orca Pool Mining Operation Aims to Defend Altcoins and Forks From Attacks

Orca Pool’s tweet leads to a web site which explains that miners can join early registration to be a part of the pool’s sources. 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 location 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 intrude with this course of by illegally attacking blockchains with hashpower,” it reads. “Orca Pool miners will solely mine chains needing protection from attackers, and promote the rewards for bitcoin.”

Orca Pool Mining Operation Aims to Defend Altcoins and Forks From Attacks

As soon as once more, the cryptocurrency mining ecosystem and its gamers have proven how the trade 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 not too long ago which signifies that some miners assume it’s open season and have been on the hunt for these chains. Lastly, there’s additionally been lots of mining swimming pools hiding their identities not too long ago and a resurgence of “unknown miners” has been seen on each the BCH and BTC networks.

What do you consider mining operations like Shark Pool and Orca Pool? Tell us what you consider this topic within the feedback part under.


Picture credit: Shutterstock, Pixabay, Twitter, Shark Pool, and Orca Pool logos. 


Need to create your individual safe chilly storage paper pockets? Verify our instruments part.

Tags on this story
2019, Altcoins, Ari Kuqi, BCD, BCH, bci, Bitcoin, bitcoin money, BSV, BSV Coin, btcp, BTG, Cashpay Options, Fork, Forks, Hash Wars, Kevin Pham, mining, Mining Operations, N-Featured, ORCA, Orca Pool, Orphaning blocks, Shark Pool, Sharks, splits, Vertcoin, Yr of the Shark
Jamie Redman

Jamie Redman is a monetary tech journalist residing in Florida. Redman has been an lively member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open supply code, and decentralized functions. Redman has written 1000’s of articles for information.Bitcoin.com concerning the disruptive protocols rising right now.

About Tom Greenly

Check Also

3 key Observations as the Bitcoin Bull Run Continues Unabated

Now that the Bitcoin value has gone on an absolute tear, it will likely be …

Bitcoin stijgt door en zit op $12.600. BTC dominantie 62% – Bitcoin Magazine NL

Bitcoin (BTC) blijft maar gaan. Op het second van schrijven kun je één BTC voor …