Dogecoin News Today: Qubic's AI-Driven Mining Model Targets Dogecoin Next

The Monero (XMR) blockchain recently experienced an alleged 51% attack orchestrated by the Qubic mining pool, an AI-focused project led by Sergey Ivancheglo, also known as Come-from-Beyond. On August 17, 2025, Qubic announced that it had gained hashrate dominance over the Monero network, reorganizing six blocks during a month-long competition with other miners for control of the network. According to MiningPoolStats, Qubic’s hashrate reached 2.32 gigahashes per second (GH/s), representing a significant portion of Monero’s total computational power. Qubic claimed that the Monero network’s core functionality remained intact, emphasizing that privacy, speed, and usability were unaffected. However, the team also stated that the ultimate objective was to transition Monero’s security to Qubic’s miners, potentially altering the network’s consensus mechanism long-term. In response to the takeover, Kraken temporarily suspended Monero deposits, citing the “potential risk to network integrity,” though XMR trading and withdrawals remained operational [2].

An independent analysis from the RIAT research institute challenged Qubic’s narrative, labeling the event as more of a marketing stunt than a genuine 51% attack. Researchers asserted that no real threat to Monero’s security had materialized, and that the reorganization of six blocks did not equate to a successful attack. The Qubic team’s claims of “hashrate dominance” were viewed as overstated, with the report suggesting that the network’s decentralization was not meaningfully compromised [4]. Despite these claims, the Qubic community appears undeterred and has since voted to shift its focus to Dogecoin (DOGE) as its next target. The vote, conducted via Discord, saw Dogecoin receiving over 300 votes—nearly twice the support of Kaspa (KAS) and Zcash (ZEC) combined. Qubic founder Sergey Ivancheglo framed the decision as an opportunity to test the efficiency of the Qubic model on an ASIC-mined coin like Dogecoin, which contrasts with Monero’s ASIC-resistant architecture [3].

Qubic’s approach to mining involves what it calls a “Useful Proof-of-Work” mechanism, where computational power is used to train its AI model, AIGarth, while also generating rewards for miners. The dual-purpose system allows Qubic to leverage mining resources for both economic and AI development objectives. However, critics argue that this model could incentivize mining attacks on other blockchains to expand Qubic’s influence. According to Qubic’s marketing lead, Retrodrive, the team does not plan to launch an immediate 51% attack on Dogecoin, emphasizing that preparations for such an effort would take “months” of development. This approach, however, leaves the door open for future attacks should conditions align [3]. The Qubic token, QUBIC, has experienced a modest price increase of nearly 28% in the week following the Monero incident, though it remains down 77% from its all-time high [3].

The shift in focus to Dogecoin has raised concerns among crypto observers, particularly due to the network’s large market capitalization and widespread use. While Qubic has not yet announced a specific timeline or strategy for attacking Dogecoin, the move signals growing risks for proof-of-work chains that rely on decentralized mining. The Qubic community’s decision to target a widely recognized token like DOGE suggests a strategic attempt to draw public attention and test the scalability of its mining model on different architectures. Additionally, the potential for Qubic’s AI-driven mining to dominate multiple blockchains raises broader questions about the future of proof-of-work consensus models and the viability of decentralized security in the face of algorithmic mining advantages [3].

Following the Monero incident, exchanges and investors remain cautious. Kraken’s decision to suspend Monero deposits highlights the real-world implications of perceived network vulnerabilities. While the exchange maintains that XMR trading and withdrawals are unaffected, the move underscores the broader industry concern over the integrity of blockchain consensus mechanisms. As Qubic continues its campaign, the crypto community is closely monitoring whether its claims of “helping” privacy-centric blockchains through hashrate control will lead to meaningful innovation or further destabilization. The unfolding situation may prompt increased scrutiny from both regulators and users, particularly as Qubic’s influence expands across multiple chains [2].

Source:

[1] What is Dash (DASH)? (https://nym.com/blog/what-is-dash)

[2] Monero's 51% Attacker, Qubic, to Target DOGE Next (https://cointelegraph.com/news/qubic-monero-51percent-attacker-target-doge-next)

[3] After Attacking Monero, Qubic Sets Its Sights on Dogecoin... (https://finance.yahoo.com/news/attacking-monero-qubic-sets-sights-193146462.html)

[4] Qubic Developers Target Dogecoin for 51% Attack (https://forklog.com/en/qubic-developers-target-dogecoin-for-51-attack/)