Qubic never actually hit 51% btw. Don't fall for it. However they do have a larg... | Hacker News

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		vlugorilla 5 months ago \| parent \| context \| favorite \| on: Monero appears to be in the midst of a successful ... 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)

reorder9695 5 months ago [–]

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?

johnpaulkiser 5 months ago | [–]

You get all the money from the block rewards for those blocks if you reorg other miners blocks out.

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