Monero’s Daring Duel: Can It Survive Qubic’s 51% Attack Comedy?

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Behold! Monero (XMR), that elusive gem of the cryptocurrency realm, finds itself ensnared in a tempest of unprecedented stakes as the enigmatic Qubic brandishes the ominous threat of seizing over 51% of its mining hashrate—like a cat eyeing a particularly tantalizing laser pointer. Starting August 2, the world will bear witness to a veritable drama! 🎭

Monero’s Existential Circus

Enter stage left, Qubic’s mastermind Sergey Ivancheglo—affectionately dubbed CFB—who, in a flourish of social media theatrics, has whispered hints of a blustery 51% attack that would make even the boldest of villains nod in approval. The dastardly operation aims to festoon Monero’s network with chaos until the curtains drop on August 31, enabling delightful double-spending, transaction censorship, or orphan blocks—oh my! CFB claims this is merely an elaborate demonstration of Qubic’s Useful Proof of Work (uPoW) technology, as if that would cushion the blow! 😂

Qubic is like the quirky cousin you never knew you had—layer one (L1) blockchain project style!

Qubic’s uPoW contraption allows its “AI miners,” a delightful blend of tech and wizardry, to dance through the void, mining Monero in their idle moments, perhaps while sipping on some virtual espresso. Rewards from mining XMR transform into USDT which then metamorphoses into Qubic’s QUBIC tokens before vanishing into thin air—poof! A profitable deflationary magic trick. This performance, active since May 2025, has hypnotized a significant amount of Monero mining clout. As the audience gasps, Qubic’s share of Monero’s global hashrate flutters between 20-40% in July—close enough to trigger some delightful panic! 🎪

As of Sunday, July 27, 2025, Qubic struts about, boasting a commanding 26.96% of Monero’s 6.12 gigahash per second (GH/s) hashrate like a peacock in full display. Monero stalwarts point fingers, alleging that Qubic is employing the age-old trick of spoofing—like a magician pulling rabbits from hats—to inflate its claims. They caution that should this 51% attack unfold successfully, the faith in Monero—an icon of secrecy—might plummet faster than a falling star.

“Let us not wait for the fat lady to sing before we act, lest it be too late!” warned a concerned soul on the r/Monero subreddit, gripping their digital pearls tight. Fervor!

Some XMR fans believe the theatrics surrounding Qubic’s hashrate is just a stage illusion!

In times of yore, similar threats (remember MineXMR in 2022? Ah, nostalgia!) were thwarted through the heroic arts of decentralization and calls for pool migrations. Our dear CFB, wearing a glimmering cape of bravado, advised exchanges to fortify themselves with 13 XMR transaction confirmations instead of 10 during this mock battle. Qubic insists that their presence offers “economic incentive,” not harm, offering the tantalizing idea that Monero’s unique privacy can still take a punch. As would-be gladiators in the amphitheater of opinion clash, some suggest a gracious switch to decentralized pools like P2Pool, whilst others, with a shrug worthy of tragedy, advocate for protocol reinventions.

//news.bitcoin.com/asic-resistance-increasingly-hot-topic-in-crypto-as-monero-forks/”>ASIC resistance

has always been akin to chasing rainbows. Meanwhile, impartial spectators suggest this is a grand stress test for both Qubic and Monero—like a gladiatorial duel without the bloodshed. Should chaos ensue in Qubic’s wake, it might just fortify Monero’s resilience, despite any fleeting price sorrows.

As of our latest whispers on July 27, Qubic has yet to maintain its 51% hold, but it waltzes dangerously close to some critical thresholds—how exhilarating! 🎢

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2025-07-27 23:47