The owner of a 2018 Tesla Model 3 claims to make up to $800 each month using his electric car as a cryptocurrency mine.
The reason for Siraj Raval, who describes his vehicle as a “wheel-mounted meter”, as he has placed a special inverter plugged in the car, utilizing the Tesla battery, with the aim of powering a computer with cryptocurrency mining software.
He said he earns between $400 and $800 per month, depending on the value of Bitcoin and Ethereum.
Raval chose to do this thanks to the Tesla’s battery, which has an eight-year warranty and has the ability to mine for up to 20 hours each day.
Not a few people treat Raval’s claims with caution. Thomas Sohmers, a Tesla hacker, finds it impossible to make such a big profit by using his car for mining.
Chris Allessi, an electric vehicle dealer in Wisconsin, USA, points out that to make a profit worth $1 or $2 you need 60 hours, and he is quick to add that it’s not worth using a Tesla for cryptocurrency mine.
“The difficulty is very great. He would make more money if he worked in the McDonald’s,” adds Allessi.
However, Raval doesn’t appear intimidated by the disbelief comments, claiming he’s not going to stop his Tesla from mining cryptocurrencies.