Tesla Driver Mines $800 Ethereum Per Month Using Car
In January of last year, a Tesla announcement boosted the price of Bitcoin. When CEO Elon Musk stated that his car company would accept the biggest cryptocurrency as payment for the vehicle, the price of Bitcoin shot up. It appears that the relationship works both ways, as an aspiring entrepreneur explained to CNBC that he uses his Tesla to mine for crypto coins while driving.
Siraj Raval uses his Model 3 to mine for cryptocurrencies, mostly Ethereum, and apparently it earns him a cool $800 per month. He says that he:
Will use its earnings, from both transportation services and cryptocurrency mining services, to pay for its own expenses, like repairs, electricity costs, and upgrades, as well as invest them into a diversified portfolio of emerging crypto-community networks.
Other users confirmed the technique as well.
Whit Gibbs, CEO and founder of Compass, a bitcoin mining service provider explained that:
The mechanisms are all there. You have a power source, you have space, you have the ability to add cooling. There’s certainly enough power provided by the battery to fire up an ASIC and run it.
Ethereum mining on Tesla
Then again, what Siraj does is nothing really new. YouTube influencer Biaheza, who has about 1 million subscribers, tried out the method last year already using his company’s car and found there that could indeed mine Bitcoin on a Tesla.
Only difference is that Biaheza only earned about $86 Bitcoin per month, which is peanuts compared to what Sirak makes with his car mining venture. Looks like Ethereum mining with a Tesla is more profitable, for now.
Unfortunately for him, Ethereum will merge this year with the beacon chain, which will result in that Ethereum will not be mine-able anymore.