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 stated 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.
Community Picks Dogecoin
Based on experiences, 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 the moment 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 wish to destroy networks.
The #Qubic neighborhood has chosen #Dogecoin. pic.twitter.com/EnevIZUAw5
— Come-from-Beyond (@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 brief stretches of chain historical past. Either method, the interruption was sufficient for Kraken to pause Monero deposits whereas exchanges and companies assessed danger.
What A 51% Attack Can Do
A 51% assault lets the controller reorganize blocks or cease transactions. A bunch that controls greater than half of a community’s mining energy can rewrite latest blocks, halt sure transactions, or strive double-spends.
Qubic’s transfer confirmed it may pressure a small reorg on Monero. If an identical stage of management have been utilized to Dogecoin, the impact could possibly be bigger as a result of Dogecoin has a market capitalization above $35 billion.
Still, Dogecoin advantages from merged-mining with Litecoin and runs at a a lot larger hashrate, so an assault would possible price way more.
Markets and exchanges reacted shortly. Prices 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. Users and merchants confronted elevated short-term uncertainty.
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What To Watch Next
Based on experiences, the timeline is unclear however the challenge raises larger 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?
People may even be searching for proof that Qubic’s checks have 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 typical sense — however it’s nonetheless an assault on community consensus and many individuals deal with it as hostile.
Featured picture from Meta, chart from TradingView
