Dogecoin Tesla: Could miners use electric cars to create DOGE?

Dogecoin, known on the market as DOGE, has gathered value exponentially, quickly approaching the dollar over the last few months. The currency is an altcoin, a lesser-known token created as an alternative to mainstream versions like Bitcoin and Ethereum. Millions of people have committed to the currency, especially Tesla CEO Elon Musk, whose influence has stirred the cryptocurrency market's already unsettled waters.

Could miners use electric cars to create DOGE?

Elon Musk has briefly axed Bitcoin payments for Tesla models but held on to the company's supply.

He has since asked his 50 million-strong Twitter following whether they would like DOGE to take BTC's place.

A majority offered their support, and they have since come up with an unusual method of producing tokens.

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Mr Baiocchi said: "We envision a future where your highway tolls, your parking, and your drive-thru order will be paid directly on the fly with crypto.

"Your online bills and your banking can be handled through the same software platform paid in crypto.

"And whereas most vehicles are depreciating while they sit in your garage, the Nebula Miner will make you money while your Spiritus is parked."

He added: "The potential applications are limitless.”

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