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When Economics Attack: Monero’s Mining Crisis
What happens when capital—not code—threatens one of crypto’s most private networks? In this episode, we dig into the startling “economic attack” on Monero by Qubic—a mining project turning idle AI cycles into Monero hashpower. Could this push toward a 51% takeover through financial incentives spell disaster for XMR’s integrity?
We break down:
How a $7K–$10K/day incentive campaign could outbid Monero’s security budget of ~$130K/day
Qubic’s rise to controlling ~27–40% of Monero’s hashrate—and the fallout as it dropped to seventh after community blowback
The Monero community’s response: calls to migrate to decentralized pools, proposals for stealth mining mode, and debate over a potential hard fork
Join us for a deep dive on crypto incentives, network security, and what this crisis reveals about proof-of-work resilience. If you care about privacy coins or decentralization, this episode is essential listening.
View all episodes
By Dev HubWhat happens when capital—not code—threatens one of crypto’s most private networks? In this episode, we dig into the startling “economic attack” on Monero by Qubic—a mining project turning idle AI cycles into Monero hashpower. Could this push toward a 51% takeover through financial incentives spell disaster for XMR’s integrity?
We break down:
How a $7K–$10K/day incentive campaign could outbid Monero’s security budget of ~$130K/day
Qubic’s rise to controlling ~27–40% of Monero’s hashrate—and the fallout as it dropped to seventh after community blowback
The Monero community’s response: calls to migrate to decentralized pools, proposals for stealth mining mode, and debate over a potential hard fork
Join us for a deep dive on crypto incentives, network security, and what this crisis reveals about proof-of-work resilience. If you care about privacy coins or decentralization, this episode is essential listening.