Qubic Claims Dominance in Monero Network, Achieving 51% Control for Reward Generation

A recent experiment by Qubic indicates their control over a significant portion of the Monero network has reached 52%. This level of control enabled the company to trigger chain reorganizations and generate numerous orphaned blocks. During the two-hour trial, they mined approximately 80% of all Monero blocks, resulting in 750 XMR and 7 million XTM rewards, totaling a staggering 17.2 billion XTM after accounting for unsold Tari from previous periods, worth approximately $55,000 at current market prices. The mining activity generated substantial benefits for Qubic’s contributors, as they received 62.2 billion QUBIC tokens valued roughly at $200,000.