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Monero network turmoil as Qubic claims hashrate dominance

Update (Aug. 12, 2025, at 1:30 pm UTC): This article has been updated to add a Qubic announcement.Layer-1 blockchain Qubic said it has “completed its attempt to dominate the Monero network,” claiming a month-long push culminated Monday with 51% control of Monero’s hashrate.According to a Monday blog post, the “month-long, high-stakes technical confrontation” concluded with Qubic reaching 51% of Monero’s hashrate. The effort coincided with a six-block-deep chain reorganization that discarded 60 p...

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