Monero (XMR) network is facing surmounting pressure as the Qubic pool nears a 51% control of protocol validation.
Notably, this has raised fears of a possible attack and loss of network stability. This threat comes as one of the latest uncertainties surrounding privacy blockchain networks in the industry.
Qubic Close to Controlling Monero’s Hashrate
In late July 2025, Monero, one of the most used privacy coins, came under serious pressure.
A mining pool named Qubic gained 45% of the network’s hashrate, placing it close to the 51% line that could give it major control.
This infamous 51% attack gives a kind of control could allow the pool to reject other miners’ blocks, delay transactions, or attempt double-spends.
The founder of Qubic openly said that other mining pools might become unprofitable. That signaled to many in the Monero community that block orphaning could start soon.
Qubic’s fast rise was not due to better equipment or location. It was a money move.
Miners were paid in $QUBIC tokens, which have been going up in price because of a burn system that reduces supply.
As a result, mining with Qubic became more profitable than other pools that reward in $XMR.
With this incentive and value appreciation in place, in just a few weeks, many miners switched to Qubic. Market experts believe that this was not a technical attack; it was economic.
By offering better rewards, Qubic pulled miners in and gained a major share of the network’s power.
This raised alarm across the Monero space. A crypto analyst known as The Smart Ape said he had sold all of his $XMR, calling the chain weak and up “for sale.
He said Monero’s block reward system no longer supports enough miners and that the network had become too easy to control.
Monero Price and Market Impact
It is worth mentioning that while the threat remained serious, Monero’s price did not change much.
As of the last update, XMR price traded at $304.10, down 1.9% in 24 hours. The coin sat at a market cap of $5.61 billion, with daily volume at $125 million.
In general, Monero price has displayed resilience over time. However, the concerns regarding Monero’s real value being overstated cannot be denied.
The Smart Ape noted that the network’s size did not match its hashrate. He said the value of the coin was too high for how weak the mining base had become.
Monero’s daily transaction count of nearly 20,000 is being considered low since it is a top and old blockchain. Its fixed block reward of 0.6 XMR and low transaction fees mean fewer backpack for miners.
That makes it unattractive for new miners looking to join the space, especially with high hardware and power costs.
If Qubic crosses the 51% point, it could take full control and that could affect trust in the coin.
Even before then, if it starts rejecting blocks from other pools, miners may stop working on the network. This would lower security even more, with long term negative implication for XMR price.
What It Means for Privacy Coins Going Forward
Monero has long been known for privacy. It hides transaction details and gives users full control of their money trail.
Nevertheless, this event showed that privacy alone does not mean safety.
The issue was not new rules or outside attacks, but rather, a result of weak miner support. Without strong mining activity, the network is open to takeovers.
It is important to state that Qubic took advantage of that. The real concern now is whether other mining pools can match its offer.
If the Monero community is able to fix the reward system then it is likely to attract more miners.
So far, no official plan has been made public. However, if things stay the same, the network might lose trust and value over time.
Source: https://www.thecoinrepublic.com/2025/08/01/monero-faces-biggest-economic-war-from-qubic-network-is-xmr-at-risk/