Monero is being “attacked” by Qubic, one of its most important mining pools. This pool intends to get 51% or more of the hashrate of the network between August 2 and 31, on the occasion of testing a hybrid mining form called UPOW (useful work test). According to Qubic, this attack is benevolent. However, part of the community is concerned that this centralized progress causes the introduction of orphan blocks or double expenses in the private transactions network.
Qubic, which is also a cryptocurrency network, is led by Sergey Vivancheglo, the Iota co -founder, who has made several comments regard of the experiment you see in Monero an alleged proof of concept.
«Like the community MoneroI look for a countermeated to the 51% domain of Qubic. This is essential for the cryptocurrency industry since one day we could all face a non -benevolent attack. To raise awareness, among the XMR holders and then among the rest, I suggest that the Pools Monero stop reporting their hash rate to sites like https://miningpoolstats.stream for a while. The Pool Qubic will begin to do it next Wednesday. “
Sergey Vivancheglo, leader of Qubic.
According to Vivancheglo, one of the motivations to monopolize XMR hashrate It is economical. His idea is to “bring to bankruptcy to the owners of Bots networks that have been stealing the income of honest monero miners for years.” Your incentive plan to achieve it It’s as follows:
The miners of their pool will continue to mining XMR, but will be paid in Qubic tokens. The company will sell the XMR coins in its power to buy more tokens or burn them, causing the price of this cryptocurrency to rise (and potentially, than that of XMR falls). Motivated by these incentives, more miners could join the pool of Qubic, which would end up consecrating the domain of more than 50% of the hashrate of the network.
The well -known consequences of a 51% attack In Monero they are worrying the community. With that amount of hashratrate in your possession, Qubic could censor transactions, orfanar blocks on the network or delay transactions confirmations in the Mempool.
This community is not being left with crossed arms, although Monero’s vulnerability is exposed. Some users are proposing network bifurcations and changes in their incentive model, Como one transition to the participation test (POS)which would motivate more people to participate since they would not require specialized ASIC team.
At the time of writing, Qubic is the bigger pool of Monero (XMR), with 534.90 gigahas per second (GH/s).
