Qubic’s Wild Monero Power Grab: Hash Rates, Billions Lost, and Existential Dread!

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It was a trial, of sorts-a two-hour wrestle with fate, paranoia, and mathematics. Qubic, that restless digital leviathan, managed to seize hold of approximately 52% of Monero’s sacred hash rate. The result? Disorder. Chaos. The sort of chain reorganizations that would make even the most stone-faced validator weep onto his ledger. Orphaned blocks, littered like abandoned dreams on the frost-bitten Russian steppe. 😢

Witness the fervor! In that brief window suspended above the abyss, Qubic-relentless and somewhat melodramatic-mined no less than 80% of Monero’s blocks. That’s 750 XMR, not to mention a comically oversized stash of 7 million XTM. The rewards rained down with all the subtlety of a Dostoevskian confession in a dim Petersburg alleyway.

Add to this madness the tale of unsold Tari, haunting the marketplace from a prior age. This ghostly sum-now mingling with fresh spoils-swelled to a monstrous 17.2 billion XTM. The Qubic men in their infinite wisdom decided to burn it all. $55,000 worth, gone in a puff, as ephemeral as Alyosha’s hopes for redemption. 🔥

But what of those blessed contributors, standing at the gates, shaking their heads in bewildered triumph? Qubic distributed a mind-numbing 62.2 billion tokens. Yes, billion. With a market value of roughly $200,000, one might ask whether this is generosity or simply the empty nihilism of a system where numbers mean everything and nothing. 😂

The network itself, apparently intoxicated by the drama, peaked at a staggering 2.71 gigahashes per second. 5,506 Monero blocks bravely mined-each one squirming into creation, if not into moral salvation.

As the analysis claims, Qubic’s mining operation sits at the top of a very awkward food chain, four times more profitable than Monero mining by any ordinary soul. The test of majority control continues, a lingering existential experiment; somewhere, independent researchers-no doubt haunted by visions of Svidrigailov-scrutinize the broader impacts on Monero’s elusive security and decentralization. Perhaps they weep, perhaps they laugh, perhaps they simply shrug at the absurdity of it all. 🤷‍♂️

This kaleidoscope of information is not a roadmap to financial transcendence, nor should you, gentle reader, trust the honeyed words of Coin prophets. Your fate, like Raskolnikov’s, is yours to puzzle out. If you wish to throw coins at the wind, consult whomever you like, but blame only yourself when the roulette wheel whispers your doom.

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2025-08-16 06:04