{"id":41719,"date":"2025-08-12T12:31:59","date_gmt":"2025-08-12T12:31:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=41719"},"modified":"2025-08-12T12:31:59","modified_gmt":"2025-08-12T12:31:59","slug":"qubic-claims-majority-control-of-monero-hashrate-raising-51-attack-fears","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=41719","title":{"rendered":"Qubic Claims Majority Control of Monero Hashrate, Raising 51% Attack Fears"},"content":{"rendered":"<div>\n<p>Qubic, a project led by former IOTA co-founder Sergey Ivancheglo, <a href=\"https:\/\/x.com\/c___f___b\/status\/1955158154213220492\">says it has secured<\/a> more than 51% of Monero\u2019s global hashrate, a milestone that, if true, gives it the ability to reorganize blocks, censor transactions, and attempt double-spends on the privacy-focused blockchain. <\/p>\n<p>Ivancheglo framed the move as a stress test to help the Monero community prepare for future network threats, but the announcement has triggered sharp debate among developers and security experts.<\/p>\n<p>A 51% attack occurs when a single entity or coordinated group controls a majority of a proof-of-work network\u2019s hashrate. Ethereum Classic suffered multiple reorganizations in 2020, resulting in millions of dollars in losses, while Bitcoin Gold faced similar assaults in 2018 and 2020. <\/p>\n<p>Smaller networks like Verge have also been targeted, demonstrating how concentrated hashing power can destabilize and entire cryptocurrency network.<\/p>\n<p>Monero, which uses the CPU-friendly RandomX algorithm, has long prided itself on resisting ASIC centralization. Qubic\u2019s \u201cuseful proof-of-work\u201d (uPoW) model repurposes Monero mining rewards by converting XMR into USDT, then using the proceeds to buy and burn QUBIC tokens, a deflationary mechanism that doubles as a liquidity sink for its own ecosystem.<\/p>\n<p>From mid-May to late July, Qubic\u2019s share of the network jumped from less than 2% to over 25%, at times topping pool rankings.<\/p>\n<p>Ledger CTO Charles Guillemet <a href=\"https:\/\/x.com\/P3b7_\/status\/1955173413992984988\">warned<\/a> on X that Monero \u201cappears to be in the midst of a successful 51% attack,\u201d citing signs of a major chain reorganization, with several other industry experts like SlowMist founder Yu Xian <a href=\"https:\/\/x.com\/evilcos\/status\/1955199116499370392\">expressing<\/a> their doubt over Qubic\u2019s economics.<\/p>\n<p>Whether the events mark a hostile takeover or simply a stress test, XMR has responded negatively, dropping by 6.65% in the past 24 hours to compound a 16% decline over the past week.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/business\/2025\/04\/29\/did-the-usd330m-btc-hacker-deliberatley-pump-monero-to-make-even-more-money\">How $330M BTC Hacker May Have Doubled Down on Monero Derivatives<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Qubic, a project led by former IOTA co-founder Sergey Ivancheglo, says it has secured more than 51% of Monero\u2019s global hashrate, a milestone that, if true, gives it the ability to reorganize blocks, censor transactions, and attempt double-spends on the privacy-focused blockchain. Ivancheglo framed the move as a stress test to help the Monero community [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-41719","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41719"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/41719\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}