The new project, known as Shark Pool, aims to destroy Bitcoin forks, flood their networks with empty blocks, collect mining rewards, and then convert them into Bitcoin Cash.
Craig Wright, a man claiming to be the real Satoshi Nakamoto, even before the start of the hard fork, threatened to bring down the crypto market if miners supported the Bitcoin Cash ABC project in the upcoming fork. It looks like the time has come to carry out inadequate threats. To prove the reality of the threats, BCHSV miners grouped into the SharkPool mining pool to organize an attack on Bitcoin forks.
The situation in the war zone is escalating.
CashPay Solutions, a startup supporting Craig's Bitcoin Cash SV, through SharkPool, threatens to destroy "altcoins that dare to appropriate the name Bitcoin" but do not comply with the original protocol of Satoshi Nakamoto. In their Twitter post, members of the pool declare that they are hunting for altcoins that constantly appear on the Bitcoin network, considering them a threat to the main network.
The SharkPool miners have already determined a strategy for military action. They will form empty blocks, which are designed to significantly slow down the network and make it useless. In most cases, empty blocks are rare enough to affect the overall value of the coin. Some mining pools choose to add such blocks to the network to make easy money without having to wait for the next full block, but their impact on the network is not critical and miners often simply hold onto the coins they earn this way.
The Shark Pool strategy can be devastating for small-cap coins. If the pool manages to take over the majority of the hashrate, it will have a serious opportunity to capture a large number of new coins created on the network. Obviously, the next step in this regard will be to convert these coins into BCH, to effectively pump up their value and dilute the market capitalization.
According to available information supporting the side of Wright and his BCHSV SharkPool, initially intended to attack 51% directly on Bitcoin Cash ABC, but failed due to the high ABC hashrate. Now the pool considers Bitcoin Diamond (BCD), Bitcoin Gold (BTG), Bitcoin Private (BTCP) and Bitcoin Interest (BCI) to be its primary targets.
The crypto community is still only observing the progressive madness of Craig Wright, his inadequate reaction and threats, and in the meantime he is failing the crypto market, playing out another crazy scene.. We just have to wait until members of the crypto community realize that this is another bluff and take the situation into their own hands.
You May Also Like
France accuses intelligence agent of selling state secrets for Bitcoin
According to local media, last week a French official was arrested on charges of selling state secrets for Bitcoin on a dark web site.
The cryptocurrency market is steadily turning green
Former IMF economist Mark Dow, who went short at the peak of last year's BTC run, closed his position yesterday - sending a signal that the market has finally bottomed out. "I've had enough. I'm tired of trying to bring its price down to zero. I don't want to do this anymore," he said in an interview with Bloomberg. While he didn't mention going long or expecting a bull run, he said he sees a fundamental change in people's perception of cryptocurrency.
