Monero (XMR) and Qubic (QUBIC) are getting a lot of attention today after several users on X (formerly Twitter) pointed out a new connection between the two. While Monero price is leading the market as the top gainer, much of the excitement seems to be coming from Qubic’s new mining activity.
At writing, XMR price is trading at $347.87, up 2.03% for the day. The price jump comes as traders react to a mix of strong chart setups and growing excitement around Qubic’s decentralized network starting to mine Monero.
What you'll learn 👉
Qubic Mining Activity Drives Interest in Monero
Multiple sources on X (formerly Twitter) shared updates that Qubic has begun mining Monero using its network. Top trader notvaccinated reported that Qubic is already contributing 1.66% to Nanopool’s total hashrate. According to the tweet, Qubic is still in the process of fixing bugs and ramping up capacity, suggesting that mining power could increase soon.
$Qubic just started mining $XMR Monero — and it's already contributing 1.66% of Nanopool’s total hashrate.
— notvaccinated (@cont3mplador) May 15, 2025
The best part? We’re still fixing bugs and ramping up capacity.
This is proof that decentralized, useful $UPoW with real-world impact is not just theory anymore — it's… pic.twitter.com/yZrZJRPzlX
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Another tweet from onchain analyst Frescoid confirmed the milestone, stating that Qubic mined XMR during a test phase. A user associated with the Qubic community sold 2 XMR, purchased $690 worth of QUBIC, and subsequently burned the tokens. This event was framed as a demonstration of real-world utility and token integration.
$QUBIC just completed a major milestone, mining $XMR using its own network during a test phase.@c___f___b sold the 2 XMR, bought $690 worth of $QUBIC, and burned it.
— frescoid (@hereisfrescoid) May 15, 2025
This is real-world utility in motion.
XMR mining officially kicks off at 12:00 UTC, yesterday. pic.twitter.com/q2raz0zOpP
QubicHodler, another community member, shared that the current peak hashrate has reached 24,146,640 H/s. The tweet suggested that higher levels of network contribution are expected as operations scale.
Hashrate is increasing.
— Qubic Hodler (@QubicHodler) May 15, 2025
(Peak: 24,146,640 H/s)
Give it a few days or weeks, and today's peak will look like just a small spark.$Qubic x $XMR pic.twitter.com/ORvtXJuRJ1
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Technical Structure Supports Monero (XMR) Price Action
According to chart analysis, XMR has been in a consistent uptrend following a sharp breakout. Price action remains above a key support level at $326, which was formed during last month’s rally. After a successful retest of this level, XMR price entered a consolidation phase between $326 and $347.
The trend has been characterized by higher highs and higher lows, forming a bullish continuation pattern. Price is now approaching a resistance zone between $360 and $375. A confirmed breakout above this level could pave the way for further upside.
Analyst Forecasts and Monero Market Sentiment
Crypto analyst John Foss commented that Monero prior breakout created a new base of support. He noted that XMR is now “on track to break $1,000 before year’s end.” While the target is long-term, the technical conditions and on-chain activity are contributing to bullish sentiment.
The consistent hashrate contributions from Qubic and the supportive Monero price structure are being closely monitored by traders. The intersection of network utility and technical positioning continues to guide market expectations as XMR remains in focus.
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