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Elon Musk denies reports of Dogecoin mining on Tesla’s Dojo supercomputer

Elon Musk denies reports of Dogecoin mining on Tesla's Dojo supercomputer

Tesla CEO Elon Musk said it is not possible to use the Dojo supercomputer to mine Dogecoin.

According to him, the company’s supercomputer under development is designed for processing video streams and training neural networks.

«The device will not compete with the Scrypt hashing algorithm, and it cannot be used [for mining Dogecoin],» Musk wrote.

He also apologized for his February tweet ‘Dojo 4 Doge’ that could be misinterpreted.

Dojo is a supercomputer Tesla is developing to train artificial intelligence and to build an autonomous driving system for Tesla electric vehicles.

According to the developers’ assertion, the installation currently comprises 720 nodes, each containing eight NVIDIA A100 accelerators. In total this amounts to 5,760 devices, and their combined performance reaches 1.8 exaFLOPS.

Unconfirmed reports suggest Tesla will unveil Dojo by the end of 2021.

Earlier in May, a team of four core Dogecoin developers said that has been working with Elon Musk since 2019. Among his initiatives was increasing network throughput.

In late June, Musk backed a proposal to update the Dogecoin network from the altcoin’s developer. Among other things, it provides a 100-fold reduction in the average transaction fee.

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