In a recent community vote, the AI-driven blockchain project Qubic has chosen to target Dogecoin (DOGE) as its next mining venture. This follows a previous high-profile 51% attack on the Monero network.
Led by founder Sergey Ivancheglo, also known as “Come-from-Beyond,” the community poll asked members to select an ASIC-enabled proof-of-work network to mine. Dogecoin won by a significant margin, receiving over 300 votes and surpassing all other contenders, including Kaspa and Zcash.
Ivancheglo clarified that this move is not intended to be hostile. Instead, Qubic plans to temporarily redirect hashing power from other proof-of-work networks to mine Dogecoin as a way of demonstrating its own capabilities and proof-of-concept. He noted that the development for this initiative will take several months, and in the meantime, the Qubic pool will continue to mine Monero.
The project’s intentions, while described as non-destructive, have raised concerns about the security of other mining-based blockchains. Following the announcement, Dogecoin’s price briefly dropped from $0.24 to $0.22, and on-chain data showed a decline in active addresses relative to its valuation. However, some technical analysts remain optimistic, citing a bullish double-bottom pattern that could potentially push DOGE’s price toward the $0.30 mark.
August 2025, Cryptoniteuae
