Qubic Releases Monero 51% Attack Experiment Report: Six Blocks Reorganized, 60 Blocks Became Orphaned

ChainCatcher news, according to the official announcement, Qubic has achieved over 51% hash rate control on the Monero network, resulting in the reorganization of 6 blocks and 60 blocks becoming orphaned. Preliminary reports indicate that within two hours, Qubic mined 80% of the total Monero blocks.

During this period, approximately 750 XMR and 7 million XTM were mined. The unsold Tari from the previous round, combined with 7 million XTM, resulted in the destruction of a total of 17.2 billion QUBIC, with an average price of about 3,200 QUBIC per billion, equivalent to approximately $55,000. Computors and miners collectively received 62.2 billion QUBIC in rewards, valued at around $200,000.

The network's peak hash rate reached 2.71 GH/s, accounting for 52% of the global Monero hash rate. A total of 5,506 Monero blocks were mined. Data shows that Qubic's current earnings for miners are nearly four times that of Monero. The 51% Monero experiment is still ongoing.