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It is merely three months ago when Bitcoin Cash (BCH) community experienced a harsh war which affected the entire cryptocurrency market. The harsh war was related to bifurcation of the main chain just after Bitcoin SV (BSV) decided to have its network. Just before the birth of BSV, a mining operation-shark pool got into the mix aiming to attack smaller cryptocurrency networks.

The Shark on the Move, Small Crypto Networks the Target

A new mining pool operation known as Shark pool revealed its intentions of attacking weaker chains to disrupt the entire ecosystem. The operation explained that it would mine bocks on low proof-of-work chains and create orphaned blocks. Furthermore, the operation was clear that they will be selling profits to acquire BSV.

Moreover, Shark pool explained that all altcoins including splits and folks are all acts of war against bitcoin and therefore are going to be treated that way. The Shark pool operation made declarations to ambush some coins even after the BCH fork. Furthermore, it warned community members of networks like bitcoin private (BTCP), bitcoin diamond (BCD) bitcoin gold (BTG), and bitcoin interest (BCI).

The operation has shown no signs of stopping as they have labeled 2019 as the year of the shark. It highlighted that sets sights on BTCP’s Mainnet. It has even continued recruiting other miners to participate in their mining operation.

Going Head-to-Head with the Shark

The BSV community may have their mentality which not all have agreed with, and as much as the shark is in the water, a new pool- Orca pool has been created to counter attack the shark. The primary objective of Orca pool operation is to defend altcoins as well as forks from the shark attack.

On Twitter, the new pool explained that the attack on Bitcoin was made a costly signal and their aim is bankrupting Shark Pool. On their official website, they say that miners are free to sign up for registration for them to join the pool’s resources. In fact, it details that Orca is a predator of the shark. Orcapool.cash states that the group thinks the miners must well defend blockchain censorship.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

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