Qubic in October 2026: computing power with a dual purpose
QUBIC trades at around $0.000000400 – the extremely low unit price reflects a token supply in the trillions, not necessarily the project's valuation. Behind Qubic stands Sergey Ivancheglo, known as Come-from-Beyond, co-founder of NXT and IOTA. The core idea: Useful Proof-of-Work. Miners do not solve throwaway puzzles; instead, they use their computing power to train the AI system Aigarth, while consensus is formed by 676 so-called Computors. Transfers are fee-free, and execution runs directly on hardware without a virtual machine.
Between technical originality and controversy
Qubic drew attention in 2025 when its external mining briefly became the largest Monero mining pool, sparking a debate over 51 percent risks. In April 2026, this external mining architecture was switched over to Dogecoin; proceeds now flow into buybacks and burns of its own token. QUBIC is a technology-driven bet with real computing power, but also an enormous token supply and a reputation that polarises.
The crypto market right now
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What actually moves the Qubic price
Qubic's supply mechanics are unusual: alongside ongoing issuance to the Computors, a burn component fed by proceeds from external mining is at work – since April 2026, from Dogecoin mining using Scrypt hardware. That means net supply developments depend not only on Qubic itself, but also on the price and mining economics of an entirely different network. On the demand side stands the AI narrative: buying QUBIC means buying the thesis that distributed AI training on miner hardware finds a market.
The metrics we watch on Qubic
- Burn balance: how many tokens are burned per week – and whether burns outpace issuance.
- External mining proceeds: they fund the buybacks and are tied directly to the Dogecoin price.
- Active computing power: the number and utilisation of miners as a gauge of interest in the Useful-PoW model.
- Demonstrable AI results: whether Aigarth delivers usable outputs decides how much substance the narrative really has.
Why lab records don't replace demand
Qubic advertises a certified throughput record of more than 15 million transactions per second. Numbers like that demonstrate engineering skill, not need: fee-free transfers also mean there is no fee revenue from which genuine usage could be read. The 2025 Monero episode also showed that aggressive hashrate strategies can cost trust.
How this forecast could fail
Our scenarios assume the burn mechanism keeps working and AI training keeps showing progress. If the Dogecoin proceeds stream dries up, or Aigarth produces no demonstrable results, both sides of the equation lose their footing – and the trillion-scale supply becomes a pure drag.