Qubic Shifts Focus to Dogecoin Mining After $2.3 Million Daily Profit Milestone

Qubic Targets Dogecoin After Achieving $2.3 Million in Daily Mining Profits

The AI-focused project Qubic has announced its intention to shift from Monero (XMR) mining to Dogecoin (DOGE) mining, following a community vote that selected DOGE over other options such as Kaspa and Zcash. According to PortalCripto, this decision comes after Qubic dominated the Monero network's hash rate, which led the Kraken exchange to temporarily suspend XMR deposits due to concerns over a potential 51% attack.

Dogecoin, launched in 2013 as a meme coin, has grown significantly in popularity, especially after being mentioned by Elon Musk. With a market capitalization exceeding $33 billion, Dogecoin is currently among the top ten digital assets globally. However, its mining sector is highly competitive and largely controlled by major players like BIT Mining.

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Network	Hash Rate	Daily Mining Reward (per unit)	Total Daily Rewards	Annual Rewards
Dogecoin	2.93 PH/s	$21	$2.3–2.8 million	Over $840 million

Data from CoinWarz, cited by PortalCripto, indicates that the Dogecoin network operates at a hash rate of 2.93 PH/s, providing miners with approximately $21 per mining unit daily. On a network-wide scale, daily rewards are estimated between $2.3 million and $2.8 million, translating to an annual value exceeding $840 million.

Qubic's founder, Sergey Ivancheglo, emphasized that preparations for DOGE mining could take several months, during which the Qubic pool will remain active in Monero. Ivancheglo also highlighted that Qubic's mission extends beyond profit, focusing on redirecting mining energy towards artificial intelligence (AI) development. He stated,

"With useless PoW, a lot of electricity is burned; we need this electricity for AI. These words may be hard to understand, and I can't reveal more now, but eventually, they will make sense."

Qubic's unique approach lies in its proof-of-work model, which converts mining energy into computational power for AI training. This strategy aims to channel resources into real-world applications, integrating blockchain, mining, and AI advancements with the goal of developing artificial general intelligence (AGI).

Qubic plans to transition from Monero to Dogecoin mining after a community vote.
Dogecoin mining currently generates between $2.3 million and $2.8 million in daily rewards.
Qubic's proof-of-work model is designed to support AI development, not just profit.

Info Box:
Qubic is preparing to enter the Dogecoin mining sector, which boasts daily rewards of up to $2.8 million and a market cap over $33 billion. The project aims to leverage mining energy for AI training, marking a significant step in the convergence of blockchain and artificial intelligence technologies. (Source: PortalCripto)

Sources:

Qubic nimmt Dogecoin ins Visier, nachdem es täglich 2,3 Millionen US-Dollar an Mining-Gewinnen erzielt hat

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HashDog am 20.08.2025

I dont really get why the dude in other comment think mining Dogecoin is more risky then monro since doge is like way more populer, so the chance of a hacker stuff seems smaler maybe, but its wild electricity price if they keep chaing coins just for AI bots?

DigiDoug am 20.08.2025

I seen someone say that xmr was jsut shut down for sec reasons, but do they even realise that Dogecoin is mostly controled by top guys and probly more chance for network issues cause its so crowded??

Anonymous am 20.08.2025

I see a lot of arguments about which mining is riskier or easier, but honestly what I find more interesting is how this Qubic project is mixing up the game with AI-related stuff. Like, everybody always talks about the profits or which coin is safer to mine, but Qubic seems to be thinking a couple steps ahead, even if I’m not entirely sure how that AI thing is supposed to actually work with Dogecoin mining. I mean, when the founder says *"these words may be hard to understand"* – well, he’s not kidding. Feels a bit mysterious, but maybe that's part of the hype.

Also, people in the comments keep focusing on Monero vs Dogecoin, but I'm more worried about the centralization of mining itself. Look at Dogecoin now, with these huge players controlling most of the hash rate. If Qubic jumps in with all their mining power, isn’t that just another step toward making mining something only big organizations can do? Seems like soon average folks won’t have much of a shot, whether it’s DOGE or any other coin.

Anyway, it’ll be interesting to see if this use of mining energy for AI pushes blockchain tech in a new direction or if it just ends up being another complicated promise that only makes sense to techies. If anyone actually understands what Qubic’s *real* plan is, I’d love a dumbed-down explanation. Otherwise, I’ll just be over here wondering if my small Doge stash will ever be enough to buy me a pizza.