Elon Reeve Musk FRS is a business magnate, industrial designer, and engineer. He is the founder, CEO, CTO, and chief designer of SpaceX; early investor, CEO, and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI. Apart from all that, the internet is no stranger to him. He is always active on Twitter and has recently been in the news for the uproars he caused regarding cryptocurrency.
On Twitter, the billionaire recently talked about how he set up Dogecoin mining rigs with his kids as a “family project”.
I just set up some little Doge mining rigs with my kids. It was fun.
— Elon Musk (@elonmusk) February 20, 2021
Dogecoin is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is instant, fun, and free from traditional banking fees. Dogecoin features the face of the Shiba Inu dog from the “Doge” meme as its logo and namesake.
A mining rig is an arrangement of hardware elements, either CPU, GPU, FPGA or ASIC that have been arranged to perform cryptocurrency mining.
When asked about the specifics, Musk tweeted:
https://twitter.com/elonmusk/status/136306749167346893
