As a holder of both Monero (XMR) and Dogecoin ($DOGE), I have been watching these events with serious interest. Last week, Monero was hit by something few expected: a full-scale 51% Attack. The shock was still settling across the crypto community when whispers started that the same attackers were looking for their next target. Now it’s confirmed—Dogecoin has been chosen.
The AI-powered Qubic network recently held a vote among its community. The results were clear: Dogecoin is next in line for a potential 51% Attack. This decision has sparked intense debate and fear across the industry. After all, if a meme coin with a $35 billion market cap is vulnerable, no proof-of-work chain is safe.
This isn’t just another random FUD cycle. The developments highlight real risks facing major blockchains, and the outcome could reshape confidence in mining-based security models.
Qubic, AI, and the weaponization of hashrate
Qubic is an AI-driven blockchain project founded by Sergey Ivancheglo, better known as “Come-from-Beyond.” He once co-founded IOTA, but Qubic has taken his work in a different direction—towards machine learning integrated with blockchain consensus.
Last week, Qubic shocked the industry by carrying out a 51% Attack on Monero. Their mining pool managed to reorganize six blocks, effectively proving dominance over Monero’s hashrate. According to MiningPoolStats, the Qubic mining pool now operates at about 2.32 GH/s, which gave them control long enough to destabilize the network.
Following the attack, Ivancheglo asked the Qubic community to vote on the next proof-of-work target. The options included Dogecoin, Kaspa, and Zcash. The outcome wasn’t close. Dogecoin secured over 300 votes—more than all other chains combined.
Why Dogecoin?
Dogecoin isn’t just another proof-of-work coin. It has global recognition, strong community support, and is frequently championed by Elon Musk. Its market cap currently sits above $35 billion. But Dogecoin also relies on ASIC-enabled mining, which makes it a tempting target for coordinated hashrate attacks.
The fact that Qubic’s community singled out Dogecoin signals something bigger: meme coins are no longer just “fun internet money.” They are now prime battlefields in the ongoing war between proof-of-work miners, AI-driven pools, and opportunistic attackers.
Will this ruin the mission of $DOGE to 1 dollar?
Monero’s fall to a 51% Attack
The Monero attack was not just symbolic. Qubic gained majority hashrate, reorganized six blocks, and forced miners into a month-long battle. Eventually, Monero’s defenses buckled.
Qubic released a statement afterward saying Monero’s privacy and usability had not been compromised. Instead, they framed the event as a transition: “The end goal is for the Monero protocol’s security to be provided by Qubic’s miners.”
Crypto exchanges weren’t as calm. Kraken suspended Monero deposits, citing risks to network integrity. MEXC and KuCoin also temporarily halted deposits and withdrawals, adding more stress to holders.
Personally, I had to act fast. I held a bag of Monero during the chaos. With centralized exchanges clamping down, I moved my XMR through ChangeNow, a decentralized swap site. This is a reminder for every trader: when CEXs restrict movement, there are always decentralized options to exit.
The real risk of a Dogecoin takeover
A 51% Attack allows bad actors to control block validation, reorganize transactions, and potentially double-spend coins. For Dogecoin, such an attack would be devastating.
Imagine the headlines: “Dogecoin hacked.” It wouldn’t just hit $DOGE holders—it would shake trust in the entire proof-of-work ecosystem. Bitcoin may be safe due to sheer hashrate, but smaller coins like Kaspa, Litecoin, and Zcash could suddenly look like sitting ducks.
If Dogecoin falls, many investors will question whether any mining-based chain is secure against coordinated AI-driven hashrate manipulation.
The growing role of AI in mining wars
This saga is more than just a story about Dogecoin and Monero. It shows how AI is reshaping crypto warfare. Qubic is not a traditional mining pool. Its AI algorithms optimize hashrate allocation and coordinate attacks with precision.
What makes this especially dangerous is the voting mechanism. Instead of one hacker group secretly planning an attack, Qubic involves its community. That gives them both manpower and legitimacy in the eyes of their supporters.
The fallout for Monero holders
The Monero attack exposed the fragility of centralized exchanges when networks come under siege. Kraken, MEXC, and KuCoin all paused deposits, cutting off normal liquidity.
For me, it was a lesson in flexibility. I swapped my Monero on ChangeNow when CEXs blocked the exits. It wasn’t ideal, but it worked. Decentralized pathways remain lifelines when centralized platforms freeze.
The broader community, however, lost confidence. Privacy coins were already under regulatory pressure, and now network-level security issues add another layer of uncertainty.
Dogecoin’s future under threat
The big question is whether Dogecoin’s mining community can resist Qubic’s AI-driven pool. Unlike Monero, Dogecoin benefits from merged mining with Litecoin, which provides extra security. But the Qubic attack on Monero proved that enough coordinated hashrate can overwhelm even established networks.
Dogecoin’s community has faced plenty of drama over the years, from Elon Musk tweets to wild speculative pumps. But this is different. A successful 51% Attack would hit at the very heart of the coin’s security and credibility.
Could this spiral into a wider war?
If Dogecoin is compromised, the shockwaves will go beyond one meme coin. Confidence in proof-of-work chains will erode, especially for smaller networks. Investors may flock to proof-of-stake or hybrid models, leaving mining-based coins at a disadvantage.
This could also fuel debates around AI in blockchain. Some will see Qubic’s actions as innovation, others as pure destruction. Either way, the era of AI-driven hashrate battles has begun.
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Final thoughts
Crypto is no stranger to drama, but the recent events with Qubic mark a turning point. Monero’s 51% Attack showed that even long-standing privacy networks can fall to coordinated power grabs. Now, Dogecoin has a target painted on its back.
As someone who holds both coins, I can only hope the Dogecoin community resists. If Qubic succeeds, the implications for proof-of-work security will be massive.
Let’s hope they can’t crack Dogecoin. Because if they do, the entire crypto world could be in serious danger.
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