Home > Quick > Body

Slow Mist Cosine: Qubic's control of Monero's computing power ratio is still questionable and difficult to verify

clock
2025-08-12 16:23:23
SlowMist founder Cosine commented on the 51% attack on Monero, saying that the community has many doubts about whether it is a true 51% attack, but there is no doubt about the reorganization of blocks (such as 6). The Qubic mining pool claims to control 51% of the computing power, but many community members believe that it controls about 33% of the computing power. This debate is not easy to verify, and the real hammer 51% can only be tested with a double-spend attack.
Previously, it was reported that IOTA co-creation Sergey Ivancheglo's project Qubic quickly accumulated a large amount of Monero hashrate through the "useful proof of work (uPoW) " mechanism. On August 12, Qubic briefly controlled 52.72% of the hash rate of the Monero network (about 3.01 GH/s). Once it exceeds 51%, Qubic can reject blocks from other mining pools, resulting in chain reorganization, double spending or transaction review. The Monero community has launched a boycott and defensive action. Qubic has called this a technical demonstration and a non-malicious attack.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.