The owner of a 2018 Tesla Model 3 told CNBC that he earns between $ 400 and $ 800 a month using his machine to mine cryptocurrency. Siraj Raval calls his electric car “a computer on wheels.” He plugs an inverter into a 12-volt outlet in his car and uses it to power an Apple Mac mini on an M1 processor that runs bitcoin mining software. The computer controls the interconnected graphics accelerators, which are located in the trunk and are powered by the electric vehicle’s battery. All of this could void the car warranty, but Raval thinks it’s worth it.
Raval uses a Tesla Model 3 to mine for 20 hours a day. However, he spends between $ 30 and $ 60 a month to charge the battery. Now he has chosen Ethereum as the most profitable cryptocurrency for mining. At the peak of the cost of ether, Raval was making $ 800 a month. Ultimately, Tesla mining is no different from plugging into any other power source.
A similar experience was previously shared by Wisconsin-based electric car salesman Chris Allessi. By purchasing his Tesla in 2016, he gained access to the Supercharging program, which provides free lifetime car charging. Allessi used this opportunity to mine cryptocurrencies, but concluded that it was not profitable enough. He believes that it makes no sense to use a machine costing between 40 and 100 thousand dollars for mining. It’s such a complex scheme that you can get more from McDonald’s.
While many experts question Raval’s claim of $ 800 a month, he has no plans to stop mining with his electric vehicle. Moreover, he intends to turn his Tesla Model 3 into a fully autonomous robotic taxi, earning cryptocurrency.
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