Qubic’s mining group has picked Dogecoin as its subsequent goal after claiming it briefly gained majority management of Monero’s community, based on studies.
Associated Studying
The group mentioned it reorganized six blocks on Monero after which requested its neighborhood 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 studies, Dogecoin gained 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 mission says its Monero pool reached a 51% share and that it at present 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 neighborhood 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 neighborhood. 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 stage of management had 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 larger hashrate, so an assault would seemingly value much 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.
Associated Studying
What To Watch Subsequent
Based mostly on studies, the timeline is unclear however the problem raises greater questions. Qubic has not given a transparent timeline for any motion in opposition to Dogecoin.
Observers will look ahead to technical logs, extra statements from the mission, and any responses from Dogecoin and Litecoin builders.
A Hostile Act?
Individuals may even be in search of proof that Qubic’s checks had been non-destructive and for proof about how lengthy the pool really held management.
Most retailers name what Qubic did a 51% assault (a sequence reorg), not a “hack” within the standard 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