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by vlugorilla 306 days ago
Qubic never actually hit 51% btw. Don't fall for it.

However they do have a large enough hashrate to perform multi-block re-orgs with their selfish mining strategy.

They disabled API hashrate reporting so that they could lie about it.

Keep mining and ignore the noise.

(https://nitter.net/tuxpizza/status/1955191610410401816#m)

1 comments

I am not that well versed in crypto. I understand the concept of a blockchain and what an n block reorg is, but what is the downside of a reorg? Like who can profit financially and why?
You get all the money from the block rewards for those blocks if you reorg other miners blocks out.