A user claimed that he managed to earn money by mining cryptocurrencies with his Tesla Model 3 car.
While cryptocurrency mining is often associated with bulky mining rigs, a man from San Francisco discovered a way to profitably mine Bitcoin and Ethereum with his Tesla Model 3 car. Siraj Raval recently told CNBC that he managed to make $800 a month last year when cryptocurrency market prices were at their peak.
Raval connected graphics processing units (GPUs) directly to the Model 3’s electric motor while running a cryptocurrency mining script with the help of the car’s FSD computer:
According to Raval, the mining setup remains profitable even during market corrections.
In the long run, he plans to turn his sedan into a robotaxis to be able to mine cryptocurrencies while the car is parked. Raval plans to use some of its earnings to invest in a number of cryptocurrencies.
As previously reported, Tesla’s rival, Daymak, announced a three-wheeled vehicle that could mine cryptocurrencies.
So Is It Worth It?
YouTube Allessi, who previously interviewed CNBC, claimed in 2018 that he would make a profit by mining crypto with his Tesla car, but provided he took advantage of free unlimited supercharges for vehicles purchased before January 2017. But then the e-car manufacturer began to phase out the popular advantage. This made it unreasonable to use the car’s battery for mining:
Raval’s car will likely cease to be under warranty, but the enthusiast is willing to take such a risk.