• The Qubic Mining Pool launches a 51% assault on the Monero Community, controlling many of the hashrate.
• This assault permits Qubic to rewrite blockchain historical past, carry out double spending assaults, and carry out censored transactions.
• Nevertheless, it’s estimated that it’s going to value $75 million per day to take care of the assault.

In an incredible growth, Qubic Mining Pool efficiently executed a 51% assault on the privacy-focused blockchain Monero (XMR). This managed most of Monero’s community hashrate.

51% assault mechanism

Within the context, a 51% assault happens when a mining pool or entity beneficial properties greater than half the management of the hash energy of the blockchain. This benefit means that you can type blocks, reverse transactions, and even double spending cash.

For Monero, which depends on the RandomX Proof-of-work (POW) algorithm designed for CPU mining, Qubic’s technique to accumulate Hashrate makes nice use of the community.

Based on Charles Guillemet, CTO at Ledger, main chain reorganizations have already been detected, indicating the success of Qubic’s efforts. On account of Monero’s present dominance over block manufacturing, Qubic may censor and censor reverse funds.

Financial prices of assaults

Assaults will be devastating, however include astronomical prices. Qubic’s community benefit is estimated to value round $75 million per day to take care of, making it a high-risk and costly effort.

This raises questions concerning the final financial advantages of such a transfer. Yu Xian, founding father of on-chain safety firm Slowmist, factors out that the monetary advantages of this assault are nonetheless unknown, particularly given the every day prices.

Regardless of the prices, Qubic’s efforts seem like aimed toward imposing the Monero neighborhood to acknowledge potential vulnerabilities within the safety mannequin.

Group response to XMR and market impression

In the meantime, information of the assault has already sparked debate throughout the Monero neighborhood and past. Some claims have successfully carried out a six-block reorganization somewhat than a 51% assault.

As for market response, XMR was buying and selling at round $248 on the time of writing, and has seen a major drop of round 17%.

Associated: Monero (XMR) Value Forecast 2025, 2026, 2027, 2028-2030

Qubic’s long-term planning and technique

Qubic’s method relies on a “helpful proof of labor” (UPOW) mannequin aimed toward attracting exterior computing energy to Monero Mining, changing mined XMRs into stubcoins like USDT. This course of is used to buy and burn Qubic tokens, making a deflationary loop for its personal token economic system.

Qubic founder Sergey Ivancheglo is talking out about his intention to show a majority management of Monero’s hashrate between August 2nd and August thirty first. To additional spotlight the chance, Qubic has briefly suspended reporting pool hashrates.

As management of Monero’s community hashrates expands, growth could spotlight the underlying vulnerabilities of Monero’s work proof mannequin. It may have a serious impression on the belief that the Monero neighborhood and crypto traders have of their networks.

Associated: Finest Monero Wallets of 2025: Protected and Personal Choices