Qubic, a cryptocurrency mining pool and altcoin with its personal identify, shared its preliminary report on the 51% assault experiment it performed on the Monero (XMR) community.
Throughout the experiment, Qubic reached 52 % of the Monero communityβs international hash fee, and within the course of, 6 blocks have been reorganized and 60 blocks grew to become βorphansβ (remoted).
The report reveals that Qubic mined roughly 80% of the blocks on the Monero community in simply two hours. Throughout this time, 750 XMR and seven million XTM have been mined. Mixed with unsold Tari from the earlier interval, the newly mined XTM totaled 17.2 billion QUBIC, roughly $55,000 price of property burned.
Miners and hash fee contributors acquired a complete of 62.2 billion QUBIC rewards. These rewards have a market worth of roughly $200,000. Throughout the experiment, the Monero community reached a peak of two.71 gigahashes per second, equal to 52% of the worldwide hash fee, and a complete of 5,506 Monero blocks have been mined.
In accordance with Qubic, Qubic mining is presently roughly 4 instances extra worthwhile than Monero mining. The 51% assault experiment remains to be ongoing, and impartial specialists are persevering with to look at its affect on the Monero community.
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