Qubic has achieved a significant breakthrough by successfully demonstrating its Useful Proof of Work (uPoW) technology, harnessing computing power for practical tasks like Monero mining. This innovation not only validates a real-world concept but also sets the stage for future use cases in AI and distributed networks. Since its launch, Qubic's mining efforts have rapidly increased, achieving over 10% of Monero's global hashrate, while providing unmatched profitability to miners compared to traditional mining. This approach incorporates unique tokenomics that enhances scarcity of QUBIC tokens through rewarding miners with converted Monero and Tari earnings.
"Qubic's uPoW turns mining into a deflationary engine: every XMR and Tari mined helps fuel Qubic token scarcity while ensuring miners enjoy unmatched profitability."
"With a significant rise in Monero's hashrate contribution, Qubic positions itself at the forefront of decentralized compute, merging practicality with profitability."
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