Qubic’s mining group has picked Dogecoin as its subsequent goal after claiming it briefly gained majority management of Monero’s community, in response to experiences.
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The group mentioned it reorganized six blocks on Monero after which requested its group to vote on which ASIC-friendly proof-of-work coin to check subsequent. The vote got here on Aug. 17.
Neighborhood Picks Dogecoin
Based mostly on experiences, Dogecoin received the vote with greater than 300 votes. Qubic’s founder, Sergey Ivancheglo, shared that Dogecoin beat out Zcash and Kaspa in a public ballot.
The venture says its Monero pool reached a 51% share and that it presently runs about two level three GH/s of Monero hashrate.
The group calls these strikes “stress checks” and says they’re meant to point out how its mining mannequin works, whereas additionally utilizing pool income to purchase and burn QUBIC tokens. The group added it doesn’t need to destroy networks.
The #Qubic group has chosen #Dogecoin. pic.twitter.com/EnevIZUAw5
— Come-from-Past (@c___f___b) August 17, 2025
The technical declare has sparked debate within the Monero group. Some builders and miners query whether or not the pool ever held sustained, uncontested management.
Others say the actions — which reorganized blocks — are proof the group can alter quick stretches of chain historical past. Both approach, the interruption was sufficient for Kraken to pause Monero deposits whereas exchanges and companies assessed danger.
What A 51% Assault Can Do
A 51% assault lets the controller reorganize blocks or cease transactions. A gaggle that controls greater than half of a community’s mining energy can rewrite current blocks, halt sure transactions, or strive double-spends.
Qubic’s transfer confirmed it might power a small reorg on Monero. If an identical degree of management have been utilized to Dogecoin, the impact may very well be bigger as a result of Dogecoin has a market capitalization above $35 billion.
Nonetheless, Dogecoin advantages from merged-mining with Litecoin and runs at a a lot increased hashrate, so an assault would probably price way more.
Markets and exchanges reacted rapidly. Costs moved on the information and custodial companies tightened checks.
Kraken’s choice to pause deposits underscored how exchanges will act quick when block reorgs or different threats seem. Customers and merchants confronted elevated short-term uncertainty.
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What To Watch Subsequent
Based mostly on experiences, the timeline is unclear however the concern raises larger questions. Qubic has not given a transparent timeline for any motion towards Dogecoin.
Observers will look ahead to technical logs, extra statements from the venture, and any responses from Dogecoin and Litecoin builders.
A Hostile Act?
Folks will even be on the lookout for proof that Qubic’s checks have been non-destructive and for proof about how lengthy the pool truly held management.
Most retailers name what Qubic did a 51% assault (a series reorg), not a “hack” within the normal sense — nevertheless it’s nonetheless an assault on community consensus and many individuals deal with it as hostile.
Featured picture from Meta, chart from TradingView
