Connect with us

Hi, what are you looking for?

Cryptocurrency News

Tesla Owner Mined Ethereum $800 A Month In Crypto By His Car

San Francisco-based Siraj Raval mines Ethereum by connecting a series of GPUs to his Tesla car battery. He told CNBC how he mined cryptocurrencies by using an internal computer and battery power of the car. He claims that he was netting $800 per month during that peaked period of 2021.

blockchain technology

blockchain technology

Mining is no more a labor-intensive activity as nowadays; this term is more associated with cryptocurrency. In this process, new cryptocurrencies enter into circulation by the user; a user forms a blockchain network using a series of hardware. This is not an easy task; creating such a network is expensive, demanding very costly, and too much electricity. However, a bitcoin and Ethereum miner have found a way to get minimal cost of electricity by connecting his MacBook to his Tesla model of 2018, reported CleanTechnica.

According to CNBC, he’s run free bitcoin mining software on his Apple MacBook and powered the computer by plugging an inverter into the 12-volt power socket in the car’s center console. Although this voided the warranty of the car, he accepted its worth.

Using Vehicle as Moving the computer

Speaking more to CNBC, he says, about his blockchain network, that his car is a computer on wheels; it’s so simple to hack into the computer car. He did all these things by using an algorithm. His Tesla car offers 320 miles(approx) per charge, and for this, charging takes $15. His monthly expense on charging was up to $40, which could be lesser than the monthly electricity bill at the time of mining crypto. However, Tesla is an expensive car; it costs up to $100,000. To minimize his setup expenses, Raval uses second-hand GPUs brought on eBay.

Experts did this earlier too

Cheris Allessi tells CNBC, Wisconsin’s first car dealer, that he decided to tinker with his Tesla car in the year 2018. He, also known as K-Man on his YouTube Channel, builds a custom electric car in his spare time. Allessi has tried out many different ways to convert his Tesla Model S into a crypto mining rig.

 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

Eliza was a great photographer who could have made a great career very soon, she hailed from New Zealand but she was murdered on...

News

Loretta Swit, also known as Sally Kellerman, who played the role of an army major in the popular T.V. series ‘MASH,’ died on Thursday...

TV

“The friends who kiss are the best company” sings the new song that Rosalía has premiered together with Tokischa , a rising Dominican star...

News

Today in this article, we will discuss the death of a great personality star named Kailia Posey, who was a beautiful star of America...