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Elon Musk Pumps Dogecoin by Tweeting a Meme, Hours After Stating Dojo Supercomputer Can’t Mine DOGE

Written by: Haripriya Sureban

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Haripriya Sureban

A writer and a Crypto fanatic exploring the DeFi Space. Staying abreast on all the crypto trends and trivia is my forte. For the rest I nerd out on movies and series.

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Jul 1, 2021

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The Centibillionaire, Tesla CEO has turned everybody’s attention to Doge today with multiple tweets.

Hours ago Musk posted to Twitter a meme depicting Marlon Brando as The Godfather with the caption “Release the Doge”. The dogecoin price jumped by 4% following the post.

The crypto community reacted fast, either endorsing the meme-coin or claiming that it couldn’t compete with Bitcoin, the leading cryptocurrency. However, Musk made no attempt to explain it, as is customary.

Hours after the tweet, Musk made another tweet for Doge. It read a Doge version of the famous track Baby Shark do do do…

“Dojo 4 Doge”?

Elon Musk in a tweet addressed whether Tesla’s Dojo supercomputer, which is currently in development, will be able to compete with ASIC-based crypto mining.

The tweet was a response to Dogecoin core developer Michi Lumin’s tweet about Dojo and DOGE. Lumin, in the tweet, clarified that, contrary to popular belief, the Dojo computer lacks a dedicated DOGE application for running a Dogecoin node.

Following the tweet, Musk stepped in to clarify that Dojo will not be able to mine DOGE in the way it can be mined on ASIC devices. He apologized for the confusion his tweet may have caused in the community.

Musk’s “Dojo 4 DOGE” tweet earlier this year propelled the Dogecoin price up, causing the community to believe that Elon planned to spend DOGE on Tesla’s neural network training supercomputer.

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Haripriya Sureban

A writer and a Crypto fanatic exploring the DeFi Space. Staying abreast on all the crypto trends and trivia is my forte. For the rest I nerd out on movies and series.

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