Qubic, a proprietary distributed computing protocol proof of work (proof of work) announced the final end of the Monero (XMR) mining phase on May 4th and reported the transition to a new economic model within the ecosystem with the full activation of the Dogecoin (DOGE) mining architecture.
The organization said the transition took place in several stages. boot From April 1st to 30th. Phase 3, which just went into effect, includes: dispatcher Exclusive allocation of ASICs for XMR and DOGE mining. The central fact of this change lies in the introduction of a mechanism by which the revenues generated by extraction are allocated to a permanent reduction in the supply of natural assets, a strategy that seeks to modify the dynamics of scarcity and value.
It is worth remembering that Qubic is a blockchain protocol that operates on the following concepts: useful proof of work, When computing power is allocated to external mining at the same time and training for Aigarth, an artificial intelligence (AI) initiative. Its native token, QU, is a reward distribution vehicle and target asset for the buyback and burn mechanism activated since the XMR phase.
The organization claims that this mechanism operates autonomously. Mining profits are converted into stablecoins and used to buy back QU (Platform Token) will be released on the open market, and any surplus that is not distributed will be incinerated. Qubic suggests that this scheme will generate continuous buying pressure on the tokens without manual intervention by the team.
Migration to Dogecoin: A different architecture
The company says the asset changes are not cosmetic. In the XMR model, the network’s CPU alternated between mining and AI training, limiting both tasks.
Dogecoin uses the Scrypt algorithm running on dedicated ASIC hardware and physically separating workloads.ASIC mines DOGE, CPU and GPU are fully allocated to AI training. Qubic says this eliminates the need for an interleaved model and allows both streams to operate 100% in parallel.
From a performance perspective, the organization published data comparing the system to the traditional pool on the first day of Phase 3. Mining DOGE via Qubic generates USD 7.94 per day compared to USD 6.02. Traditional pool with the same hardwarea difference of $1.92 per day per machine.
According to Qubic, the potential size of the new asset is 10 times greater. The group points out that Dogecoin produces approximately 14.4 million coins per day, which equates to approximately $1.44 million in mints per day at current prices, compared to Monero’s approximately $144,000 per day.
In an environment where many projects rely on issuance and inflationary incentives, Cubic’s proposal suggests moving to a more aggressive deflationary model. Furthermore, the end of the phase related to XMR signals strategic changes that may impact both users and participants in the mining ecosystem.
Background to the controversy
The XMR stage was not without its problems. Before the shutdown, Qubic’s involvement in the Monero network raised red flags in the cryptocurrency community.
As reported by CriptoNoticias, Qubic pool lWe were able to establish ourselves as the second largest XMR And it has concentrated enough computing power to carry out what the company itself calls a 51% “benevolent attack” that has been rated by analysts as a risk to decentralization and the cost of XMR.
This event caused the modification of seven blocks on the Monero chain and was the episode in which Qubic performed at least three rewrites of the network’s accounting records. Voices within the ecosystem interpreted these events as an indication of XMR’s structural vulnerability to networks with higher decentralized hashrates.
Qubic did not address this background in its May 4 statement. This organization only frames passing XMR. As a technical validation of the protocol– The network captured ~45% of Monero’s global hash rate in one epoch, discovered 3,496 blocks, and conducted a public demonstration of a 51% advantage.
Qubic’s architecture raises the dilemma of how an agnostic chain that can connect to any mining network without redesigning its structure can become a core element of a long-term model. On a network where the DOGE phase replicates the adoption curve of XMR, but where the daily emissions are 10 times greater, we could potentially see a 51% attack scenario against DOGE.
(Tag translation) Dogecoin (DOGE)
