Think of it as an alarm 🚨
The biggest risk in Bitcoin is mining centralization.
If things not getting improved what happened to monero today may happen to us in the future
Discussion
They don't have 51% of the hashrate, but they do have a worrying amount and can reorg + mine empty blocks when they do get blocks
🤔why am I seeing those 52% screenshots everywhere
It's from Qubics own website so obvious conflict of interest to lie and/or omit details
You can get lucky and get 51 out of 100 blocks with only ~30-40% hashrate if you cherrypick a small window of time.
Keep in mind they purposely stopped reporting their mining pool stats earlier this week (they just started reporting again).
But doesn't matter if they do or dont because we can easily figure out their max possible hashrate by subtracting known pool hashrate from total network hashrate.
The math for 51% doesn't work out when their last 1,000 blocks always averages around 20-25%
I see
Thanks for explaining 🫡