Tesla owners are now mining crypto using energy from their cars. This electric vehicle company is probably the best-known name in the electric car industry. It has been a great success in this field, making it the most significant player in electric cars. She became even more famous when she started accepting payments for vehicles at BTC, which she subsequently stopped taking.
Tesla cars can do crypto mining
However, the number of Tesla car owners is still growing, and these vehicles are not cheap. Some of these owners have started looking for ways to make money from their electric cars. They began to use the electricity stored in the vehicle’s batteries to extract cryptocurrencies.
A recent report from CNBC shared the light of a new method of extracting cryptocurrencies, which electric car users are now using to make more money each month. The announcement follows Siraj Raval, who shared his journey and method of exploiting cryptocurrencies using Tesla’s 2018 Model 3.
Raval managed to mine the crypto using his Apple Mac M1 mining computer by plugging his laptop into a drive connected to a 12-volt socket in his car’s console, which serves as the primary power source for his mining activities.
CNBC also said that the electric car owner “connected the connected graphics processors or GPUs to the” front “of his Tesla and operated these machines from the car’s internal battery. By doing so, Raval essentially does not have to pay electricity charges related to its cryptocurrency mining, only the cost of electricity to charge Tesla batteries.
By doing so, the owner runs the risk of losing the car warranty, but the electric car owner claims that it will pay off for him because he allegedly earned up to $ 800 a month last year.
It is possible to earn
The report also focused on another Tesla owner who uses a method similar to Raval to mine cryptocurrencies, albeit for a much more extended period. Chris Allessi also devises ways to get his Tesla to make money by cryptocurrency mining.
Allessi started in 2018 and started using his electric car to mine BTC. At the time, the activity cost him about $ 10 every 60 hours, which was made possible because he had free and unlimited recharging on his vehicle. However, he had to stop this mining activity because it was no longer profitable. After all, the price of digital assets has risen.
The main expense for cryptocurrency mining is the electricity requirements, for which the miners have to pay hard. One of the miners, Alejandro de la Torre, sees nothing wrong with using tesla car for mining crypto.
“IF IT IS CHEAPER TO BENEFIT THROUGH AN ELECTRIC VEHICLE, ALWAYS,”
“If it’s cheaper to benefit from an electric car, so be it.”
– noted de la Torre.