Sergey Ivancheglo, the brains behind the Qubic project, scared us all a little on August 17 when Qubic's mining pool successfully carried out a 51% attack on Monero. You know, something to do on a Friday. The group was able to rearrange six blocks, which showed that they could easily change the history of the blockchain. And after a job well done, Ivancheglo asked the Qubic community to choose their next "stress test" victim. Can you guess who won? Doge. Of course.
But don't worry too much. Monero kept going, but Kraken had to stop taking deposits, and everyone started to worry that we were on the verge of a crypto apocalypse. With a market cap of $35 billion, Dogecoin was chosen for the next round of "fun." After all, who wouldn't want to attack the meme coin that everyone loves next? With more than 300 votes, Dogecoin beat out Zcash and Kaspa in a poll. What a huge win!
The #Qubic community has chosen #Dogecoin. pic.twitter.com/EnevIZUAw5
— Come-from-Beyond (@c___f___b) August 17, 2025
What a Dogecoin Attack Could Mean
If you’re wondering what could happen next, here’s the fun part: a 51% attack allows the bad guys to reorganize blocks, stop certain transactions, or, brace yourself, try some double-spending. Qubic’s pool currently controls around 2.3 GH/s of Monero’s hashrate, which is enough to hold Monero’s network hostage. So, if they turn that same power onto Dogecoin, things could get interesting.
Qubic says they’re just “stress testing” their mining model, called useful proof-of-work, in an effort to prove it’s as strong as they say it is. Profits from their mining pool go to buying and burning QUBIC tokens. But hey, they insist they don’t plan to break Monero or Dogecoin... yet. Still, their experiments have definitely made us all a little more paranoid about proof-of-work systems when mining power is concentrated in the hands of a few.
Dogecoin's Next
No word yet on when they’ll set their sights on Dogecoin, but the announcement alone has sparked some serious questions about the meme coin’s security. The Dogecoin community better hope it’s got some strong defenses, or this “stress test” might get a little too real.
Kristian Koch
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