The Monero community rallies to counter Qubic's mining power bid, as fears of centralization and transaction delays escalate amid ongoing tensions.
The Monero network is facing a potential 51% takeover attempt by Qubic, led by Sergey Ivancheglo, which has prompted community resistance. In response to Qubic's incentive-driven campaign to dominate the network's hashrate, miners have rallied around the 'supportxmr.com' pool, now controlling 28.7% of the network's hash rate. Concerns over transaction delays and centralization risks have intensified, with Ivancheglo framing the initiative as a form of industry research despite community fears of its implications.