Privacy-focused privacy faces what appears to be an attempt to get the network through the former top mining pool Qubic, which motivates the backlash of the community and concerns to the hashrate centralization.
Like Monday, Quubic falls from the top area to Monero (Xmr) Ranning Pool Pool to Seventh, According to in miningpoolstats data. After the community notices the pool seems to open a network acquisition, the pool hashrate collapses until it falls into the current position as the seventh largest XMR mining pool.
On a June 30th blog PostQubic announced that it started the Monero CPU mining mining through its own network. Mined XMR will be used to fund purchases and tokens burn for the quubic ecosystem. “Qubic miners are now performing real-world (Monero Mining) activities that make up the real market value, which has strengthened the Quubic economy,” the post stated.
Sergey Ivancheglo, founder of Crypto Projects Quubic, NXT and IOTA, has openly admitted that his quubic network sets a Monero network acquisition. In a recent x PostHe explained that after controlling most of the network hashrate, the quubic will reject the blocks mine with other pools.
This will lead to XMR mining that becomes only useful, or even effective, in the quubic pool. However, due to the falling pool hashrate, the risk appears to be falling.
Related: Monero was likely pumped 50% due to suspected $ 330m Bitcoin robbery: Zachxbt
The stage of operation of the covert
On a Monday x PostIvancheglo said that from the next Wednesday, the Qubic Mining Pool would stop reporting its hashrate – a proposal that was previously expected to be implemented after the pool controls most of the hashrate. This will make it more difficult to determine how much Monero’s hashrate is controlled by the quubic and assess the risk it has taken on the network.
In his post, Ivancheglo claimed he was trying to find a countermeasure at the same attack that he was in a hurry. He explained that it was important in the cryptocurrency industry “because one day we all could face an unprofitable attack.”
Related: Japanese authorities track Monero, arrested 18 to $ 670K Laundering case
The Monero community does not appreciate the transition
Ivancheglo said in a separate x Post Those comments discussed his assumed location in Belarus spread on the Monero subreddit. “I hope the bounty of the head cannot be collected at $ XMR to avoid the creation of the incentive to drop its price to 0,” he said. One Comment Does what appears to be a thin scheduled threat to ivancheglo:
“Do we have friends in Belarus?”
Monero is a so-called Anoncoin, known for the set of privacy-first features and strong focus on misconduct. Over the years, it has become particularly popular because the money used to pay for illegal goods and services in the so -called deep web, which accepted Exclusively of nearly half of the black markets.
Dan Dadybayo, an analyst in uncontrollable purse, Explained In 51% of the hashrate, the quubic may be orphans blocks, deny transactions, delays of confirmations, suppress competition and protocol changes. He taught that Ivancheglo that suggested Starting on August 2, Monero users should expect orphaned blocks and only receive transactions after 13 confirmations.
Dadybayo added that, as Quubic claimed that there was no intention of hurting Monero, “The purpose is not important.” He explained that centralization equals risk, and that potential censorship is damaging to the network, ending that incentives are a new vector of attack:
“It’s not about exploitation. It’s about capital,” he said.
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