Is Proof-of-Work Truly Unbreakable? Next Qubic Move Could Shatter the Illusion

The Qubic community has voted. After successfully seizing control of Monero’s network through a historic 51% attack, the AI-powered blockchain has set its sights on a much bigger target: Dogecoin.

At stake is not just the fate of a meme coin, but the credibility of Proof-of-Work itself. If Qubic — with its unconventional economic incentives and ruthless efficiency — can destabilize Dogecoin, the question will quickly become unavoidable: is even Bitcoin safe?

From Monero to Dogecoin: Qubic Escalating the Stakes

Monero, with its modest ~5.3 GH/s hashrate, was the perfect proving ground for the project’s experiment in Outsourced Computations and Useful Proof of Work (UPoW). By restructuring rewards to make Qubic’s mining pools more profitable, the project successfully lured away Monero miners and eventually reached the critical 51% threshold.

Now, Dogecoin looms. At around 3 PH/s, its network is millions of times more powerful than Monero’s. On paper, the leap looks insurmountable. But so did Monero before Qubic cracked it. The fear is not that Qubic will outmuscle Dogecoin directly, but that it might have another economic or strategic trick to hollow out Dogecoin’s mining base from within.

If Qubic can pull it off, the implications will be devastating. It would show that no Proof-of-Work blockchain is immune — not even Bitcoin.

Bitcoin’s Security in Question

Bitcoin currently operates near 999 EH/s, close to 1 ZH/s, a figure so astronomical it is often cited as unassailable. Yet the danger the AI project has revealed isn’t raw hashrate — it’s game theory.

Bitcoin hashrate

Bitcoin hashrate (Source: Blockchain.com

Qubic proved that miners follow incentives. With creative reward structures and advanced strategies like selfish mining, even a much smaller chain was able to destabilize a larger one. If similar methods could one day lure miners away from Bitcoin itself, the “unbreakable” foundation of the world’s largest cryptocurrency would suddenly look fragile.

An Identity Crisis for Web3

For years, the crypto industry braced for a single, looming threat: quantum computers. Billions were spent modeling the quantum attack scenario. 

But what Qubic has done blindsided everyone. It wasn’t quantum. It wasn’t a nation-state. It was simply a blockchain with better economics.

If Dogecoin falls, and if Bitcoin is even perceived as vulnerable, Web3 faces an identity crisis. The entire ecosystem rests on the assumption that Proof-of-Work provides final, untouchable security. The collapse of that illusion could shake crypto confidence in a way no price crash ever has.

A New Era of Blockchain Fear

Qubic’s Monero victory was the opening shot. Its community vote to target Dogecoin raises the stakes to a new, terrifying level. If Qubic can once again bend incentives and rally enough miners, it could prove that not even the most beloved networks are safe.

And if Bitcoin ever cracks — not from quantum computers, but from a rival protocol with sharper economics — the myth of decentralization as an unshakable defense will be shattered forever.

The crypto industry has been guarding against tomorrow’s threats. But Qubic’s rise suggests the real danger may already be here.

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    Steven's passion for cryptocurrency and blockchain technology began in 2014, inspiring him to immerse himself in the field. He notably secured a top 5 world ranking in robotics. While he initially pursued a computer science degree at the University of Texas at Arlington, he chose to pause his studies after two semesters to take a more hands-on approach in advancing cryptocurrency technology. During this period, he actively worked on multiple patents related to cryptocurrency and blockchain. Additionally, Steven has explored various areas of the financial sector, including banking and financial markets, developing prototypes such as fully autonomous trading bots and intuitive interfaces that streamline blockchain integration, among other innovations.

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Steven Walgenbach

Steven's passion for cryptocurrency and blockchain technology began in 2014, inspiring him to immerse himself in the field. He notably secured a top 5 world ranking in robotics. While he initially pursued a computer science degree at the University of Texas at Arlington, he chose to pause his studies after two semesters to take a more hands-on approach in advancing cryptocurrency technology. During this period, he actively worked on multiple patents related to cryptocurrency and blockchain. Additionally, Steven has explored various areas of the financial sector, including banking and financial markets, developing prototypes such as fully autonomous trading bots and intuitive interfaces that streamline blockchain integration, among other innovations.

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