US EditionMonero ‘economic attack’ receives strong community response
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10 Articles
The famous privacy blockchain, Monero (XMR), is facing a major economic threat: a competing project, Qubic, plans to launch a 51% attack on its network as early as 2 August 2025. The article Monero (XMR) under tension: The founder of the Qubic blockchain threatens a 51% attack first appeared on Cryptoast.
Led by IOTA co-founder Sergey Ivancheglo, the Qubic platform announced plans to capture 51% of the Monero hashrate between August 2 and August 31. The community criticized the initiative. Qubic operates on the basis of the useful Proof-of-Work (uPoW) algorithm — the project converts mined XMR into USDT to buy back...
Monero 'Economic Attack' Saw Strong Community Response – #CryptoUpdatesGNIT
Privacy-focused Monero is facing what appears to be an attempted network takeover by former top mining pool Qubic, prompting community backlash and concerns over hashrate centralization. As of Monday, Qubic had fallen from the top spot on the Monero (XMR) mining pool rankings to seventh, according to MiningPoolStats data. After the community noticed the pool looked to be openly performing a network takeover, the pool’s hashrate plummeted until i…
'Please, do not resist': Qubic hash grab worries Monero maxis
Self-described “decentralized compute and AI Layer 1 protocol” Qubic has the Monero community worried. In what’s being described as an “economic attack,” Qubic is offering higher rates, paid in its own token, to XMR miners willing to join its pool. As its share of the total hashrate climbs, the privacy-focused community feels threatened by this seemingly parasitic relationship, and its potential to cause a breakdown in the network’s security mod…
Monero ‘economic attack’ receives strong community response - WorldNL Magazine
Privacy-focused Monero is facing what appears to be an attempted network takeover by former top mining pool Qubic, prompting community backlash and concerns over hashrate centralization.As of Monday, Qubic had fallen from the top spot on the Monero (XMR) mining pool rankings to seventh, according to MiningPoolStats data. After the community noticed the pool looked to be openly performing a network takeover, the pool’s hashrate plummeted until it…
Monero ‘Economic Attack’ Saw Strong Community Response
Privacy-focused Monero is facing what appears to be an attempted network takeover by former top mining pool Qubic, prompting community backlash and concerns over hashrate centralization. As of Monday, Qubic had fallen from the top spot on the Monero (XMR) mining pool rankings to seventh, according to MiningPoolStats data. After the community noticed the pool looked to be openly performing a network takeover, the pool’s hashrate plummeted until i…
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