The mining community behind Qubic has chosen Dogecoin as the next target for a planned 51% attack. The proposal was initiated by project founder Sergey Ivancheglo, who offered participants a choice between Dogecoin, Kaspa, and Zcash. Dogecoin secured over 300 votes, more than the other two combined.
This decision follows recent claims that Qubic had previously gained temporary control over Monero’s hashrate. According to Qubic representatives, the effort did not compromise the blockchain’s privacy, transaction speed, or usability. They emphasized that the ultimate objective is to enhance protocol security using the power of Qubic’s mining pool.
Questions About Previous Incidents
Shortly after the announcement, the Research Institute for Arts and Technology (RIAT) released an assessment disputing Qubic’s assertions of a successful Monero takeover. Analysts described the claims as a marketing maneuver rather than an actual network threat.
In response to the controversy, Kraken temporarily suspended Monero deposits, citing potential risks to network integrity. Withdrawals and trading remain active, with deposits to resume once the situation is considered secure.
Broader Context and Market Reactions
Qubic had earlier announced its intention to conduct a Monero 51% attack between August 2 and August 31, 2025. However, industry voices, including Alex Petrov, co-founder and CIO of Hyperfusion, suggested the campaign was primarily a public relations initiative rather than a credible technical threat.
The Dogecoin announcement has sparked debate within the crypto community. While some predict that the move could undermine confidence in smaller proof-of-work networks, others forecast that it may instead highlight the resilience of established blockchains in the face of orchestrated stress tests.
