Qubic, a cryptocurrency mining pool and altcoin project, has published early findings from a controversial test in which it claims to have briefly gained majority control over Monero’s blockchain.
According to its report, the experiment saw Qubic secure roughly 52% of the network’s total hash rate, enough to trigger chain reorganizations and generate multiple orphaned blocks.
During the two-hour trial, Qubic says it mined about 80% of all Monero blocks, producing 750 XMR and 7 million XTM in rewards.
When combined with unsold Tari from a prior period, the total XTM amount reached 17.2 billion — an amount the team says was burned, worth around $55,000 at current market prices.
The mining push also generated significant rewards for Qubic’s contributors. In total, 62.2 billion QUBIC tokens, valued at roughly $200,000, were distributed to miners and hash rate providers.
Network activity during the test reportedly peaked at 2.71 gigahashes per second, with 5,506 Monero blocks mined during the timeframe.
Qubic’s analysis claims its own mining operation is currently about four times more profitable than mining Monero under normal conditions. The 51% control test remains ongoing, with independent blockchain researchers examining its broader impact on Monero’s security and decentralization.
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Source: https://coindoo.com/qubic-says-it-controlled-52-of-moneros-network-in-test/