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Showing posts with the label hashrate

Qubic failed to 51% attack Monero, but Dogecoin is next

Last week, Qubic’s claims of a 51% attack on the Monero blockchain sent shockwaves through the cryptosphere. Was the network underpinning the $5 billion privacy coin compromised? Ultimately, it appears that the claims were somewhat overplayed; even Qubic’s founder has admitted as much. However, undeterred, the community has now set its sights on a new target: Elon Musk’s favorite, Dogecoin. The #Qubic community has chosen #Dogecoin. pic.twitter.com/EnevIZUAw5 — Come-from-Beyond (@c___f___b) August 17, 2025 Read more: ‘Please, do not resist’: Qubic hash grab worries Monero maxis 51% or 34% attack? With some doubts surrounding the credibility of the 51% figure, Protos, amongst others, looked into Qubic’s claims of dominating the total hashrate on Monero. “It was a takeover and demonstration” of the project’s “outsourced computation capability,” an administrator of Qubic’s Telegram community told Protos at the time. Since then, deeper analyses ha...

Google’s quantum computer could break Bitcoin in two ways

Google announced a new quantum computing chip called Willow, and doomsayers already think it could break Bitcoin in at least two ways. According to Google, Willow can solve in five minutes a problem that would take most supercomputers 10 septillion years to solve. Critics say that this power could overtake Bitcoin’s hashrate in a matter of minutes, rewrite the Bitcoin blockchain, or even steal Satoshi Nakamoto’s coins. The price of bitcoin (BTC) dipped slightly yesterday around the time of Google’s 4pm post-market announcement and over the past 24 hours, remains around 3% lower. Willow reportedly reduces the rate at which qubits “leak” information to the outside, non-quantum environment, improving the chip’s ability to retain information needed for quantum computations. This improves the new chip’s ability to remain quantum instead of becoming a classical chip after too much data leakage. With its breakthrough, Google moved quantum computing one step closer to becoming...