RE: LeoThread 2025-07-31 07:18
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Qubic aims to take control of Monero's hashrate in August with a 51% "tech demo" attack, focusing on demonstration rather than harm 🧠⛏️
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Through the use of idle CPU cycles, Monero is mined, with XMR rewards being converted and QUBIC tokens burned. The Monero community is encouraging miners to further decentralize operations.
Will this harm or benefit Monero as a network?
Honestly, it’s more likely to harm Monero’s reputation than help it. A 51% attack, even as a "demo," could shake trust in its decentralization and security. Still, it might push the community to strengthen the network long-term
How much does it cost to do this 51% attack on Monero?
Hard to pin an exact cost, but it’s likely in the millions due to the hardware and power needed to overpower Monero’s hashrate. Check out Crypto51.app for rough estimates on 51% attack costs for various coins