Why is Dogecoin not on Coinbase?

Unlike Bitcoin, which is designed to be scarce, Dogecoin is intentionally abundant — 10,000 new coins are mined every minute and there is no maximum supply. DOGE is not yet available on Coinbase.com or via our Consumer mobile apps. We will make a separate announcement if and when this support is added.1 Haz 2021

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Why did Elon Musk say Dogecoin?

When asked why he supports Dogecoin, Musk responded on Twitter: “Lots of people I talked to on the production lines at Tesla or building rockets at SpaceX own Doge. They aren’t financial experts or Silicon Valley technologists. That’s why I decided to support Doge – it felt like the people’s crypto .”

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What can Dogecoin be used for?

Dogecoin can be used for making payments and purchases but has not been an effective store of value. An item would be considered a store of cryptocurrency. This is due to an infinite number of Dogecoins that can be created, making the cryptocurrency highly inflationary by design.

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Is Dogecoin worth mining?

Answer: Yes, this coin is profitable to mine based on most mining calculators . You can use Whattomine and other mining calculators to determine how profitable it is to mine Dogecoin with different miners. The coin has been profitable to mine since September 2021.

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