Monero (XMR) is reportedly under threat from a 51% attack by the Qubic mining pool, as highlighted by Bitcoin developer Peter Todd. He noted the difficulty in measuring real-time dominance in proof-of-work systems. A post from an account named Coffeinated User claimed Qubic had achieved a 51% share, allowing them to potentially manipulate Monero by orphaning blocks from other miners. They proposed a profit-sharing model, suggesting that Qubic's mining operations could yield significant profits, with projections of $1.656 million in QUBIC tokens burned monthly. The Monero community reacted strongly, with calls for increased mining efforts to counter the attack. Ledger's CTO, Charles Guillemet, confirmed the seriousness of the situation, stating that Qubic's control could lead to double-spending and transaction censorship. He estimated the cost of sustaining the attack at $75 million per day, warning that honest miners might abandon the network. As of now, XMR's market value has only dropped 13%, trading at $252. Read more AI-generated news on: https://app.chaingpt.org/news

#XMR