- Siraj Raval told CNBC that his Tesla Model 3 is mining Bitcoin and Ethereum for about 20 hours a day.
- He called his car a “computer with wheels” and said he built it between $ 400 and $ 800 a month.
- However, EV dealers told CNBC that mining cryptocurrencies using Tesla batteries is not worth it.
The owner of the 2018 Tesla Model 3 told CNBC that he could earn up to $ 800 a month by mining cryptocurrencies with his car.
Siraj Raval, who described his car as a “computer with wheels,” said he used an inverter to connect to the car’s power socket and power a computer running Bitcoin mining software. ..
He said he would earn $ 400 to $ 800 a month, depending on the value of Bitcoin and Ethereum. Tesla’s vehicle warranty, which covers the battery for up to eight years, could be void, but he believes it’s worth it.
“It’s very easy to hack into this computer car,” he said.
He also said that he used the car’s battery to run an interconnected graphics processing unit that mines cryptocurrencies.
Raval said he spends about 20 hours a day mining on Tesla’s batteries. He said he spends $ 30 to $ 60 a month to charge his car’s battery.
But Chris Alessi, an electric car dealer in Wisconsin, told CNBC that it wasn’t worth mining cryptocurrencies using Tesla.
Purchasing Tesla before 2017 gave Allessi access to the company’s free lifetime supercharger program. That means you don’t have to pay to charge the battery. He said he used this free power to mine cryptocurrencies but gave up because they weren’t profitable enough.
“Did it work? Yes. Did you mine something of any shape, shape or shape that was worth making a profit? No,” Allesi told CNBC about Monero’s mining experience. And even though the value of Bitcoin is skyrocketing, the difficulty of mining is increasing, which means that if you mine it now, you will have about $ 1 or $ 2 worth of cryptocurrency in 60 hours. I presumed that it meant putting in.
“Why do you want to hurt a car from $ 40,000 to $ 100,000 like that?” He added.
“The difficulty is very high … I was able to make more money by working at McDonald’s,” he said.
Tesla hacker and crypto miner Thomas Somes told CNBC that he believed that mining in his car wouldn’t make much money, and doubted Laval’s claim. Told.
However, Raval said he has no plans to stop mining cryptocurrencies using Tesla. He said he wanted to make his car a fully autonomous robotaxi that could be mined whenever he wasn’t on the road.