Elon Musk on DOGE Development and Changes in Bitcoin Mining

by in Cryptocurrency News

Elon Musk about Dogecoin and BTC mining

On May 24, Elon Musk tweeted about Doge, suggesting people interested in the coin's development share ideas on GitHub and Reddit forums.

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Later the billionaire posted that someone proposed to change Dogecoin's fee rates according to the moon phases. Musk found that idea interesting and funny.

When asked why Musk isn't interested in other cryptocurrencies such as Ethereum 2.0, ADA, SOL, DOT, IOTA and chooses DOGE, he answered because the letter has dogs and memes, while the rest don't.

The business magnate also has informed that he talked to North American BTC miners. The meeting was hosted by MicroStrategy CEO, a big supporter of crypto, Michael Saylor.

Miners aim to share present and planned renewable usage and ask others from all over the world to do so. Musk says it's potentially promising.

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From May 13 Tesla stopped accepting Bitcoin payments. As stated by the CEO the reason was Bitcoin's using much energy and being bad for the environment.