The controversial AI-centric cryptographic project, Qubic, suggests that its biggest memokine, DogeCoin (Doge), could be mined into a mine (Doge) after completing its current operation on Monero (XMR), a privacy-centric blockchain network.
On August 17th, Qubic Network founder Sergey Ivancheglo shared a Discord screenshot showing the community voted for Dogecoin for the upcoming mining season.
This decision follows a proposal from Ivancheglo, and requires the community to be invited to choose which ASIC-enabled Certificate (POW) blockchain, and the network will then prioritize it.
Options included coins promoted by Dogecoin, Kaspa, Zcash and other ASICs. Dogecoin emerged as a clear winner, earning around 301 votes over all other options combined.
If Qubic begins mining Doge, it could potentially become more infamous than it was in Monero’s operation. Last week, Qubic insisted on controlling most of Monero’s hashrates, and Kraken has now temporarily stopped XMR deposits amid reports of a 51% network attack.
Dogecoin Mining
As a joke, Dogecoin was launched in 2013 and has evolved into a major player in the crypto market.
After Elon Musk highlighted it several times on X (formerly Twitter), the coin got widespread attention, helping Doge grow into the top 10 cryptocurrency with a market capitalization of over $33 billion.
Mining dogeing is not easy, however. Competition in this space has been intensifying over the years, with major Bitcoin miners such as Bitmining generating significant revenue from dogcoin mining.
According to Coinwarz data, Dogecoin’s network hashrate is currently 2.93 PH/s, so miners offer potential benefits of around $21 per day per mining power unit.
For this reason, Ivancheglo emphasized that preparations for Doge’s mining will take several months.
Dogecoin mining profitability
Although exact numbers for the entire network are not disclosed, envelope back estimates suggest that DogeCoin Miner, who collectively won the ballparks for $0.84-1.02 billion in ballparks over the past 12 months, has been acquired.
Using DogeCoin’s published mathematics (1 day/day x 10,000 Doge about 1,440 blocks), the average price assumption means about $0.16.
Cross-checking on revenue per revenue per GH/s is approximately $2.808 million per day (approximately $1.025 million) for a total network hashrate close to the overall network hashrate (approximately 2,600,000 GH/s).
These are coarse numbers (low rates, excluded from electricity and Opex) and although they vary by Doge Price and Hashrate Swings, they frame the potential revenue scale that Qubic is paying attention to.
Qubic’s goals
Ivancheglo explained that his AI projects target these POW blockchains and redirect energy-intensive work calculations for artificial intelligence applications.
According to him:
“A lot of electricity is burned for useless prisoners. That electricity is needed for AI. These words can be difficult to get, and in the future they will eventually click.”
In particular, Qubic has developed a “useful proof of work” system that turns cryptomining energy into productive calculations. Instead of solving meaningless puzzles like traditional Pow, networks are spreading tasks to miners and researching artificial intelligence.
According to the project, the method directs energy to real-world outcomes and helps train AI models. This supports the long-term goal of creating artificial general information (AGI).
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