Qubic, Controlling 28-35% Hashrate, Targets Dogecoin After Partial Monero Attack Citing $2.3M Daily Mining Profits
The Qubic community, known for its AI-focused blockchain project, recently attempted a 51% attack on the Monero (XMR) network but controlled only 28-35% of the hashrate, falling short of a full takeover. Qubic founder Sergey Ivancheglo acknowledged this shortfall, suggesting the event be termed a "34% attack." Following this, the group has voted to target Dogecoin (DOGE) next, attracted by its $2.3 million daily mining profits. This development has raised concerns about the security of proof-of-work blockchains, especially those enabled by ASIC mining. Meanwhile, Bitcoin (BTC) prices dipped below $116,000 after a hotter-than-expected U.S. producer price inflation report.
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Protos
Qubic’s “51% attack” on $XMR was more hype than hash. Analysis shows they only controlled 28-35% of hashrate, not 51%. Even Qubic founder Sergey Ivancheglo @c___f___b admitted the attack “should be rebranded into ’34% attack.’” Now their sights are on $DOGE instead... 🧵
CG ◉ #34566 8.18 饼子热点信息整理 1⃣：大巫师创始人评 $MIM 与社区问题 @udiWertheimer 称，其看好 $MIM 并有大额持仓，但批评其代币迁移至 Runes 协议，及社区虚假承诺行为，呼吁诚信并预言“巫师统治”将至。 https://t.co/yyXLl6Er77 2⃣：比特币网络问题引发关注 @HodlMagoo https://t.co/BhKVflOd9j https://t.co/iHJdZmLWSP
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Qubic failed to 51% attack Monero, but Dogecoin is next https://t.co/z9lEBf2axG
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