Qubic, a cryptocurrency mining pool and altcoin with its personal identify, shared its preliminary report on the 51% assault experiment it performed on the Monero (XMR) community.
Through the experiment, Qubic reached 52 p.c of the Monero community’s international hash price, and within the course of, 6 blocks have been reorganized and 60 blocks grew to become “orphans” (remoted).
The report reveals that Qubic mined roughly 80% of the blocks on the Monero community in simply two hours. Throughout this time, 750 XMR and seven million XTM have been mined. Mixed with unsold Tari from the earlier interval, the newly mined XTM totaled 17.2 billion QUBIC, roughly $55,000 value of property burned.
Miners and hash price contributors obtained a complete of 62.2 billion QUBIC rewards. These rewards have a market worth of roughly $200,000. Through the experiment, the Monero community reached a peak of two.71 gigahashes per second, equal to 52% of the worldwide hash price, and a complete of 5,506 Monero blocks have been mined.
In response to Qubic, Qubic mining is presently roughly 4 occasions extra worthwhile than Monero mining. The 51% assault experiment continues to be ongoing, and impartial specialists are persevering with to look at its impression on the Monero community.
*This isn’t funding recommendation.
