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Have You Ever Imagined Mining Bitcoin, Dogecoin, or Other Cryptocurrencies in Your Own Electric Car? This Is the Proposal from Daymak Inc, a Competitor of Elon Musk’s Tesla
Taking advantage of the fact that Elon Musk’s Tesla will no longer accept payments in Bitcoin, one of its competitors plans to launch an electric car that will mine not only Bitcoin but also Dogecoin and other cryptocurrencies in the automotive market. The idea has attracted various investors and internet users.
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Get to Know Better the Idea of Tesla’s Competitor, Elon Musk
The electric car will be developed in Canada by Daymak Inc. The company announced that its upcoming electric car, Spiritus, which will be the fifth model in the Avvenire series, will be capable of mining Bitcoin, Dogecoin, and other coins like Ethereum and Cardano.
Tesla’s competitor claims that the Spiritus, which is scheduled for 2023, will also be able to run on solar energy, utilizing the Nebula infrastructure to make the operation sustainable. In addition to the electric car, the company stated that customers can pre-order the vehicles using Bitcoin and Dogecoin as payment.
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Understand Better Why Tesla Does Not Accept Bitcoin
In May, billionaire Elon Musk announced that Tesla would no longer accept payments in cryptocurrency, due to the electric car manufacturer’s concerns about the environment.
This news caused the asset’s price to drop by up to 15% in a short time, marking Bitcoin’s largest decline in 3 years. In a post on his social media, Elon Musk stated that Tesla is concerned about the rapid increase in the use of polluting fuels derived from oil that are linked to cryptocurrency. He also stated that while virtual currencies are a good idea, they cannot have a negative impact on the environment.
Elon Musk’s Tesla began accepting the cryptocurrency in March of this year. A report by Bank of America states that for every U$ 1 billion in bitcoins, about 1.2 million cars’ worth of carbon emissions are generated, which means that Tesla’s investments would be equivalent to putting 1.8 million combustion engine cars on the road.
Get to Know Dogecoin, the “Meme Currency”
So, do you know Dogecoin? Surprisingly, it emerged without any intention, from an internet meme that ended up captivating thousands of enthusiasts around the world, making it the fourth-largest cryptocurrency by market value.
It was created on December 6, 2013, by programmers Jackson Palmer and Billy Markus, who planned to create just a fun cryptocurrency to reach a wider audience than Bitcoin.
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