Project Monero (XMR) is under 51% more attack risk than ever before…Here’s why!
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Answer Project Monero (XMR) is under 51% more attack risk than ever before…Here’s why!
Monero (XMR), the largest and most popular privacy cryptocurrency, has become a whale-dominated hash rate.
Recently the user “@DontTraceMeBruh” on Twitter shared his concerns, and the details and reasons for these concerns were as follows:
The largest mining pool of Monero (XMR) is already able to perform a 51% attack:
An anonymous supporter of Project Monero “DontTraceMeBruh” has recommended that all XMR miners leave the largest pool and go to small and medium-sized pools.
📢#XMR Miners: Stop mining in large central pools. The largest group now has 45% of the network hash rate (despite the potential for bot mining and malware).
Read:Nvidia sued for falsifying mining sales figures
Uses Or other small swimming pools and keep #monero resistance to control. (You too, malware distributors)
– ᴜɴᴛʀᴀᴄᴇᴀʙʟᴇ (DontTraceMeBruh) February 14, 2022
According to his estimates, the largest pool “MINEXMR” is responsible for 45% of the total Monero (XMR) hash.
As of yesterday’s date February 15, 2022, MINEXMR was responsible for approximately 51% of Monero’s hash rate while at some moments, its dominance overtook 52%.
He told DontTraceMeBruh that Monero’s independence can only be protected by migrating miners to smaller mining pools.
He added that even malware distributors can help Monero become healthier and more decentralized
Blame botnets and malware mining?
Since MINEXMR’s hash rate has risen rapidly in the past 48 hours, the same aforementioned spokesperson attributed it to the activity of botnets and malicious actors.
Monero mining software is among the most dangerous cyber threats in the web 3.0 sector at the moment.
In December 2021, vandals spread crypto mining software by publishing pirated copies of the movie “Spider-Man: No Way Home”.
Read:The BAND digital currency achieves a rocket growth of more than 6600% in 7 months
This type of software accesses the computational power controlled by an infected computer and starts using it to mine Monero (XMR).
The blame here is due to this malware, which harms from all directions, as it indirectly contributed to the distribution of Monero mining operations on different devices across the world, i.e. in a decentralized manner, which means distributing Monero mining activity, and staying safe from 51% attacks.
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