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Qubic Overtakes Monero’s Hash Rate in “51% Takeover Demo,” Showcasing Real-World Power of Useful PoW
This story was originally published on HackerNoon at: https://hackernoon.com/qubic-overtakes-moneros-hash-rate-in-51percent-takeover-demo-showcasing-real-world-power-of-useful-pow.
The approach was "Selfish Mining," a tactic that allows a mining pool with significant hashrate, as low as 33-40%, to gain a disproportionate share of the bloc
Check more stories related to web3 at: https://hackernoon.com/c/web3.
You can also check exclusive content about #web3, #qubic, #btcwire, #press-release, #qubic-announcement, #blockchain-development, #proof-of-work-protocol, #good-company, and more.
This story was written by: @btcwire. Learn more about this writer by checking @btcwire's about page,
and for more stories, please visit hackernoon.com.
Qubic has reached over 51% hashrate to dominate Monero, the privacy-focused cryptocurrency known for its ASIC-resistant RandomX algorithm. The approach was "Selfish Mining," a tactic that allows a mining pool with significant hashrate, as low as 33-40%, to gain a disproportionate share of the block rewards.
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By HackerNoonThis story was originally published on HackerNoon at: https://hackernoon.com/qubic-overtakes-moneros-hash-rate-in-51percent-takeover-demo-showcasing-real-world-power-of-useful-pow.
The approach was "Selfish Mining," a tactic that allows a mining pool with significant hashrate, as low as 33-40%, to gain a disproportionate share of the bloc
Check more stories related to web3 at: https://hackernoon.com/c/web3.
You can also check exclusive content about #web3, #qubic, #btcwire, #press-release, #qubic-announcement, #blockchain-development, #proof-of-work-protocol, #good-company, and more.
This story was written by: @btcwire. Learn more about this writer by checking @btcwire's about page,
and for more stories, please visit hackernoon.com.
Qubic has reached over 51% hashrate to dominate Monero, the privacy-focused cryptocurrency known for its ASIC-resistant RandomX algorithm. The approach was "Selfish Mining," a tactic that allows a mining pool with significant hashrate, as low as 33-40%, to gain a disproportionate share of the block rewards.