How Qubic fakes its Monero hashrate
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Qubic shills like to use a website (that is related to Qubic, so no credibility at all) to show their "progress" in their 51% attack. Yesterday, this website showed Qubic at close to 50% hashrate, and now at 32%. The army of bots on X are quick to push this narrative as a "proof" that the attack works and Qubic is "just about" to cross the 51% line. Well, this is all false. Monero is fine. The correct way to calculate Qubic's hashrate is to go on this website and subtract "Hashrate" from "Network Hashrate". This way, we can see the "unknown" hashrate from Qubic, since it does not share its API anymore.Right now, network hashrate is 5.15 GH/s and the pools are reporting 4.57 GH/s. This mean that everyone else, solo miners or unknown pools, AND Qubic, get a maximum of 0.58 GH/s (5.15 – 4.57), which is 11.4% of hashrate (0.58 / 5.15). By using this correct way of calculating the hashrate, Qubic never went over 25% yesterday and even then it couldn't sustain this hashrate for more than a couple of minutes. Qubic mined only 160 of the last 1000 blocks, an average of 16%. We are far, really really far from a 51% attack. So, yes, it seems those who said it was a pump and dump scheme based on propaganda more than reality were right. Qubic failed miserably. But it helped to convince Monero lovers how important it is to mine and how easy it is. submitted by /u/QuirkyFisherman4611 |
