A Tesla Model 3 has been converted into a partial cryptocurrency mining platform by its owner, Siraj Raval, who earns at least $ 800 a month through this system, enough to pay for his Tesla and even more. Using free bitcoin mining software, a Mac Mini, and Tesla’s 12-volt cigarette lighter, Siraj Raval transformed his all-electric car into a self-sufficient, income-generating machine.
Raval says he also has GPUs in the trunk that are connected to the car’s internal battery. But that’s not all, as it also uses code to hack Model 3’s native processor to undermine parts like Ethereum. It might not be something Tesla’s warranty policy necessarily covers, but it could be frowned upon. Either way, Raval doesn’t seem to care. ” It’s much faster and much more energy efficient“, He told CNBC in an interview. Raval was making up to $ 800 per month in 2021.
Raval is far from the only owner to use his Tesla to mine certain cryptocurrencies. Alejandro de la Torre, another crypto enthusiast, claims that it is simply cheaper to do this in his vehicle. ” The main element is the price of electricity. If it is cheaper to do it in an electric vehicle, then so be it” , did he declare. Mr Raval said he plans to turn his Model 3 into a full-time mining platform.
Ultimately, Raval believes that her car will not only make her money from cryptocurrency mining, but that she will also drive herself and earn extra income when Tesla launches its Robotaxi program. The car could eventually become fully autonomous. ” It will use its income, from both transportation services and cryptocurrency mining services, to pay for its own expenses, such as repairs, electricity costs, and upgrades, as well as to invest them in. a diverse portfolio of emerging crypto-community networks” , did he declare.
Installation details are included in the CNBC interview, but many who have accomplished the task of turning their car from a mode of transportation to a money-making machine are plentiful. Not everyone thinks it was a good idea, however.
« Did it work? Yes. Did it bring something worthwhile to be profitable in one way or another? No“Said Chris Allessi, who runs the K-Man YouTube channel. « Why would you want to put that kind of wear and tear on a $ 40,000 to $ 100,000 car? And at present, even though the price of bitcoin has increased considerably, the level of difficulty too… In the same time frame and with the same equipment, I can probably earn 1 or 2 dollars of bitcoin. »
Allessi doesn’t think mining is worth it, even with an expensive, high-yield device. ” I could make more money working at McDonald’s.«