Monero Cryptocurrency, which focuses on privacy, has suffered from a significant disorder, as 60 pieces filled with Blockchain have been ignored in the past 24 hours amid a continuous attempt by 51 % of the QBIC network.
Monero consensus status Dashboard Monero width 60 orphan blocks (valid blocs rejected) at the end of 720 blocks. The disorder comes in the middle The continuous economic attack by QBIC Network, stimulating selfish mining.
QBIC mining workers redirect their computing power to Monero (Xmr) Selling returns to buy and burn qbic symbols, while they are paid in QBIC. According to what was reported, QBIC miners earn more than Monero miners under this preparation.
The attack sparked fears of a possible “51 % attack” – a rare and dangerous event that could allow attackers to rewrite or completely prevent transactions.
The orphan block is a valid mass excluded from the main chain because another competition block at the same height was accepted first. In selfish mining, a mining worker with great hooding and spreads them strategically to overcome the public chain, causing the work of honest miners.
As of the time of writing this report, the Monero price is more than $ 247, a decrease of more than 8.6 % from the price of more than $ 276 reported 24 hours ago.
QBIC attacks Monero
The Monero’s Monero Mining Pigeons shares publicly in selfish mining, with the recognition mail. Ivancheglo claimed on Tuesday x mail “QBIC has achieved 51 % on Monero” and the team “awaiting independent assurances.
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A 51 % attack occurs when one entity controls – in this case, QBIC – in more than half of the mining power or Blockchain network share, allows them to manipulate transactions. Chung Chenging, co -founder of Crypto Cybersecurity SlowMist, said on Tuesday x mail “This time it seems that the 51 % attack on Monero has succeeded.” He added:
“The cost was also high, and it is not clear what economic benefits to do this in the end … in theory, the Qube mining group can now rewrite Blockchain, achieve double spending, and control any transactions.”
Not everyone is convinced
Doubts are still about if there is a 51 % successful attack. The involvement in selfish mining with control over a high retail percentage that is less than the majority can sometimes lead to orphan blocks.
Monero’s total retail evaluation by Coinwarz It leads to an estimate of 5 GH/S. Data that has not been determined by QBIC Hashem peak from 3.01 GH/S, which is more than enough, and a current retailer of 2.08 GH/S, is insufficient to attack 51 %.
Monero consensus also Indicate The number of blocs extracted by unknown mining gatherings and individual miners – the category that includes QBIC – reached nearly 30 % on August 11. This may indicate control of most of the retail for a short period, or control an important part but still a minority of retail.
Luke Parker’s main developer, Luke Parker, has caused a problem with reports that an attack was 51 % in a separate X mail. He pointed out that the reorganization of the six -block network with orphans “does not mean that” 51 % attack was “successful.”
“This means deduction with a large amount of retail,” he added.
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Hack War escalates between networks
QUBIC and Monero are secured in the ongoing penetration war, and counter -measures are traded. Ivancheglo previously books On X that Monero broke the QBIC selfish mining system, which prompted its repair. Before that, Ivancheglo accused a developer of Monero Mining Software XMRIG, Sergei Cheric Request for Cherning of conflicts.
The attack began for the first time in late July When society noticed what it described as an “economic attack.” The process uses economic incentives – pushing the QBIC miners more than Monero miners – in an attempt to control most of the Monero fragmentation and thus the network.
Niko Dimchok, President of Occin, told the Amlbot Medicine, Cointelegraph that the Qubic attack on Monero could be considered “vandalism of the computer” or “unauthorized access” under European and European Union laws. However, there is no law explicitly mentioned 51 % attacks. Dimchok said that the rules of Internet crime in Belarus can apply if Blockchain manipulation is disrupted by protected systems.
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