Kraken
$392.09M
has stopped accepting Monero
$271.82
deposits after one mining pool claimed it had taken management of greater than half of the community’s computing energy.
The crypto trade defined on August 15, “As a safety precaution, we’ve got paused Monero deposits after detecting {that a} single mining pool has gained greater than 50% of the community’s complete hashing energy. This focus of mining energy poses a possible threat to community integrity”.
Qubic, a challenge targeted on AI and blockchain, acknowledged on August 11 that it had reached a majority share of Monero’s hashrate. The group additionally mentioned it had modified six blocks on the chain, although members of the Monero neighborhood questioned whether or not this counted as an precise assault.
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At one level, nonetheless, the pool slipped to the seventh-largest miner. On August 4, Qubic suffered a denial-of-service assault (DDoS), the place servers are overloaded with faux visitors so actual connections can not get by way of.
This brought about its hashrate to drop from 2.6 gigahashes per second to 0.8 GH/s, in response to Sergey Ivancheglo, who mentioned he was behind the 51% assault.
Regardless of these points, Qubic’s pool regained energy and finally managed many of the Monero community’s computing energy as soon as once more.
A 51% assault is a state of affairs the place one miner or pool has sufficient energy to alter current transactions and even spend the identical cash greater than as soon as. This undermines belief within the blockchain till management shifts again to a extra balanced state.
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