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Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead
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Breaking News: Bitcoin Price Tumbles Toward $98,000: What’s Driving The Drop And What Lies Ahead

After Monero Hit, Qubic Group Puts Dogecoin On Target List

Christian Encila
Christian Encila
Last Updated: August 18, 2025 1:00 pm
3 mins read
Dogecoin

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Qubic’s mining group has picked Dogecoin as its next target after claiming it briefly gained majority control of Monero’s network, according to reports.

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The group said it reorganized six blocks on Monero and then asked its community to vote on which ASIC-friendly proof-of-work coin to test next. The vote came on Aug. 17.

Community Picks Dogecoin

Based on reports, Dogecoin won the vote with more than 300 votes. Qubic’s founder, Sergey Ivancheglo, shared that Dogecoin beat out Zcash and Kaspa in a public poll.

The project says its Monero pool reached a 51% share and that it currently runs about two point three GH/s of Monero hashrate.

The group calls these moves “stress tests” and says they are meant to show how its mining model works, while also using pool profits to buy and burn QUBIC tokens. The group added it does not want to destroy networks.

The #Qubic community has chosen #Dogecoin. pic.twitter.com/EnevIZUAw5

— Come-from-Beyond (@c___f___b) August 17, 2025

The technical claim has sparked debate in the Monero community. Some developers and miners question whether the pool ever held sustained, uncontested control.

Others say the actions — which reorganized blocks — are proof the group can alter short stretches of chain history. Either way, the interruption was enough for Kraken to pause Monero deposits while exchanges and services assessed risk.

What A 51% Attack Can Do

A 51% attack lets the controller reorganize blocks or stop transactions. A group that controls more than half of a network’s mining power can rewrite recent blocks, halt certain transactions, or try double-spends.

Qubic’s move showed it could force a small reorg on Monero. If a similar level of control were applied to Dogecoin, the effect could be larger because Dogecoin has a market capitalization above $35 billion.

DOGE market cap currently at $33.4 billion. Chart: TradingView

Still, Dogecoin benefits from merged-mining with Litecoin and runs at a much higher hashrate, so an attack would likely cost far more.

Markets and exchanges reacted quickly. Prices moved on the news and custodial services tightened checks.

Kraken’s decision to pause deposits underscored how exchanges will act fast when block reorgs or other threats appear. Users and traders faced increased short-term uncertainty.

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What To Watch Next

Based on reports, the timeline is unclear but the issue raises bigger questions. Qubic has not given a clear timeline for any action against Dogecoin.

Observers will watch for technical logs, more statements from the project, and any responses from Dogecoin and Litecoin developers.

A Hostile Act?

People will also be looking for proof that Qubic’s tests were non-destructive and for evidence about how long the pool actually held control.

Most outlets call what Qubic did a 51% attack (a chain reorg), not a “hack” in the usual sense — but it’s still an attack on network consensus and many people treat it as hostile.

Featured image from Meta, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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