Crypto: Qubic Eyes Dogecoin After Monero Attempt

Qubic Targets Dogecoin After Trying to Attack Monero

After attempting a 51% attack on Monero last week (but failing), Qubic—a blockchain project that combines AI with a “Useful Proof-of-Work” mechanism—has announced its next target: Dogecoin.

According to a community vote on Discord, Dogecoin was chosen over Zcash and Kaspa as the next blockchain Qubic will “experiment” on.

What Is Qubic and Why Is It Making Waves?

Qubic is a unique proof-of-work blockchain where computational power is not only used to mine coins but also to train its AI model, AIGarth.

Instead of only mining, participants also contribute to AI computations and receive dual rewards.

During its Monero attempt, Qubic reportedly managed to control about 28% of the network’s hashrate, according to an independent report.

Although it did not reach the 51% threshold, the event raised significant concerns about Monero’s security and how Qubic could affect a blockchain widely regarded as one of the most privacy-focused.

Why Dogecoin?

According to Qubic, the new goal is not to attack but to profitably mine Dogecoin.

Reasons include: Dogecoin is ASIC-based, requiring specialized mining rigs, unlike Monero, which is ASIC-resistant. This allows Qubic to test the efficiency of its “Useful Proof-of-Work” model on a more mainstream blockchain. And of course, Dogecoin attracts far more public attention than Monero, especially within the meme coin community.

Qubic stated that it will need “a few months of preparation” before starting DOGE mining.

Expert and Community Reactions

Some Discord users opposed Qubic’s consideration of a potential 51% attack on an ASIC-mined coin like Dogecoin.

Founder Sergey Ivancheglo (also known as Come-from-Beyond) hinted cryptically that this is only “season 2” of a larger plan.

Meanwhile, the QUBIC token surged nearly 28% in the week following the Monero incident, reaching a market cap of $363 million—though it remains down more than 70% from its $577 million peak in March.

What Does This Mean for Monero and Dogecoin?

For Monero: Although Qubic failed, managing nearly one-third of the network’s hashrate has undermined confidence in Monero’s security.

For Dogecoin: While there are currently no plans for an attack, if Qubic begins large-scale mining, debates about DOGE’s security and hashrate centralization will surely intensify.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.