Monero (XMR) enthusiasts ask all miners to leave large-scale pools as the most popular privacy coin becomes vulnerable to 51% attack
Monero (XMR), the largest and most popular privacy-focused cryptocurrency, has become too whale-dominated in terms of hashrate. Monero enthusiast @DontTraceMeBruh shares his concerns.
Largest Monero (XMR) mining pool is already able to perform 51% attack: Data
Anonymous Monero (XMR) supporter @DontTraceMeBruh recommended all miners of XMR to leave largest pools in favor of mid-sized and small ones.
According to his estimates, the largest pool (MINEXMR) is responsible for 45% of the total hashrate of Monero (XMR), i.e. the net number of hashes calculated in the network. However, the statistics provided by the MINEXMR itself are even more impressive.
As of today, on Feb. 15, 2022, MINEXMR is responsible for almost 51% of Monero’s hashrate while, at some moments, its dominance eclipsed 52%.
@DontTraceMeBruh asserts that Monero’s independence can only be protected by migrating miners to smaller mining pools. Even malware distributors can help Monero (XMR) become healthier, he added.
Botnets and malware mining to blame?
As the hashrate share of MINEXMR spiked rapidly in last 48 hours, the speaker attributed it to the activity of botnets and malware miners.
As previously reported by U.Today, Monero (XMR) “hidden mining” malware is currently among the most dangerous cyber threats in the Web3 segment.
In December 2021, malefactors disseminated “hidden mining” software through pirated copies of the movie Spider-Man: No Way Home. This type of software accesses computational power controlled by an infected computer and starts using it to mine Monero (XMR).
