Qubic Mining Pool Takes Control of Monero Network Through 51% Hash Rate

Gate News bot message, SlowMist founder @evilcos reports that Qubic mining pool has acquired control over the majority of Monero’s hash rate. The mining pool has secured more than 51% of the network’s total hash power, making it technically capable of executing a blockchain reorganization on the Monero network.

The situation represents a classic 51% attack scenario on the Monero blockchain, where a single entity gains dominant control over the network’s mining power.