The Qubic network briefly reached 52.72% of Monero's hashrate, which has generated considerable interest and discussion regarding the implications of this event.
Qubic's Hashrate Peak
During a few critical minutes, the Qubic network demonstrated its ability to mobilize significant computing power, reaching 3.01 GH/s. This figure represents a significant achievement, especially considering the previous peak was 2.3 GH/s, accounting for over 45% of Monero's total hashrate.
Technical Collaboration and its Implications
Discussions between Come From Beyond, Qubic's leader, and Shai, a former Kaspa developer, highlight the collaborative aspect of this demonstration. These technical exchanges suggest an intent to document and scientifically validate the outcomes. Qubic presented this operation as a network stress test aimed at identifying potential vulnerabilities.
Migration of Monero Miners
During this period, a notable phenomenon was the migration of Monero miners to Qubic pools, illustrating the mining market's sensitivity to economic incentives. Earlier in the week, Qubic experienced a DDoS attack that dropped its hashrate from 2.6 GH/s to 0.8 GH/s, but the network managed to overcome this volatility by significantly improving its capabilities.
The temporary reaching of the 51% hashrate threshold by Qubic highlighted important questions regarding the security and governance of decentralized networks. This event may catalyze protocol enhancements within Monero and solidify the credibility of Qubic.
