Qubic’s community has voted to target Dogecoin just days after the group claimed majority control of Monero’s network. On Aug. 17, project founder Sergey Ivancheglo announced the update, following Qubic’s earlier declaration that its mining pool had successfully executed a 51% attack on Monero.
The group successfully reorganized six blocks, demonstrating its ability to alter blockchain history. Soon after, Ivancheglo called on the Qubic community to select another ASIC-compatible proof-of-work network as the next target. Although Monero remained operational, the incident prompted Kraken to suspend deposits and fueled concerns about broader disruptions.
In a public vote, Dogecoin emerged as the next target, securing over 300 votes—more than all other options combined, including Zcash and Kaspa. With a market capitalization exceeding $35 billion, Dogecoin now faces the threat of a similar attack.
What a Dogecoin attack could mean
A 51% attack gives the controlling entity the ability to reorganize blocks, halt specific transactions, or even attempt double-spending. Qubic currently operates a pool with roughly 2.3 GH/s of Monero hashrate—enough to maintain dominance over its network. If similar power were directed at Dogecoin, the potential risks could be considerable.
Qubic frames these attacks as “stress tests” meant to showcase the resilience of its mining approach, called useful proof-of-work. Earnings from the pool are used to buy and burn QUBIC tokens. While the project claims it has no intention of permanently damaging Monero or Dogecoin, its experiments have intensified concerns about the vulnerability of proof-of-work systems when mining power becomes too concentrated.
Though no timeline has been given for an attack on Dogecoin, the announcement has already put a spotlight on the coin’s security and how its developers might respond.
