Does Qubic Control Over Half of Monero Hashrate?

TL;DR: Qubic's innovative mining strategy has temporarily achieved 52.72% of Monero's total hashrate, demonstrating the potential of its Useful Proof of Work (uPoW) model. This milestone underscores Qubic's rapid growth and its commitment to redefining mining profitability.

Qubic's Strategic Milestone: Dominating Monero's Hashrate

In a groundbreaking move, Qubic, a decentralized compute and AI Layer 1 protocol, has temporarily seized control of 52.72% of Monero's total hashrate. This achievement highlights the effectiveness of Qubic's Useful Proof of Work (uPoW) model, which repurposes traditional mining processes to fuel its token economy and redefine mining profitability, as noted in ainvest.com.

What Is Useful Proof of Work (uPoW)?

Qubic's uPoW model transforms conventional mining by redirecting computational power toward meaningful tasks, such as Monero mining. This approach not only secures the network but also generates real yield from useful computation, positioning Qubic as a pioneer in delivering tangible value through mining activities, according to qubic.org.

Rapid Expansion: From 2% to 52.72% Hashrate

Since May 18, Qubic's mining operation has experienced explosive growth. Starting with less than 2% of Monero's global hashrate, it swiftly escalated to over 10%, and now, through a strategic demonstration, has temporarily achieved 52.72% control. This rapid ascent underscores the scalability and appeal of Qubic's mining incentives, as reported by ainvest.com.

Unprecedented Profitability for Miners

Qubic's mining model offers unparalleled profitability. In Epoch 163, miners earned $14.20 in just seven days, making Qubic the most profitable coin to mine. Daily profit per CPU (based on a 7950X CPU) is:

• Qubic: $3.13/day
• Tari: $1.65/day
• Monero: $0.64/day

This profitability remains stable above $2/day, over 50% higher than mining Monero and Tari individually, as described by qubic.org.

The Burn Mechanism: Enhancing Token Scarcity

Qubic's unique burn mechanism contributes to its deflationary model:

1. Miners mine Monero and Tari.
2. Rewards are converted into USDT.
3. USDT is used to buy QUBIC tokens on the open market.
4. Purchased QUBIC tokens are burned, permanently reducing the supply.

This process ties network activity and real-world utility to QUBIC token scarcity, increasing the degree of deflationary model, as explained on qubic.org.

Addressing Community Concerns: Transparency and Security

Qubic's temporary control over Monero's hashrate has sparked discussions within the community regarding decentralization and network security. Qubic has emphasized that its actions are part of a controlled stress test aimed at identifying and addressing potential vulnerabilities in Monero's infrastructure. The project has maintained transparency by publicly announcing its intentions and providing detailed reports on its activities, according to theblock.co.

Future Prospects: Beyond Mining

Qubic's innovative approach to mining is just the beginning. The project envisions a future that includes:

• Distributed AI model training
• Selling excess compute to enterprises
• Powering autonomous agent networks
• Enabling on-demand, decentralized infrastructure

This vision extends beyond crypto, creating a platform for real-world AI, compute, and utility powered by anyone with a CPU, as outlined on qubic.org.

How Can Investors Engage with Qubic?

For companies seeking funding opportunities, Qubic presents a compelling case:

• Innovative Technology: Qubic's uPoW model offers a novel approach to mining, combining profitability with real-world utility.
• Rapid Growth: The project's swift expansion and temporary control over Monero's hashrate demonstrate its scalability and market appeal.
• Deflationary Tokenomics: The burn mechanism enhances token scarcity, potentially increasing value over time.

Investing in Qubic aligns with the growing trend of supporting projects that merge blockchain technology with practical applications, offering both financial returns and contributions to the advancement of decentralized infrastructure. For more information on Qubic's initiatives and investment opportunities, visit their official website.