The marriage ofcryptocurrencies and electric vehicles is cursed, with the owner of the car saying he makes as much as $800 a month.
Siraj Raval told CNBC that he has been using the Model 3 as a power source to mine. He did a lot of questionable things to his car, including hacking its internal computer and plugging in the graphics card.
The computer is on wheels. It is easy to hack into this computer car.
The cost of charging his battery can range from $30 to $60 a month, but since he is able to mine anywhere between $400 to $800 a month, he easily recoups the cost.
The warranty should be voided.
Professional miners told CNBC that the scheme was doable on paper. Some experts are skeptical about whether or not the mining scheme is worth it.
Chris Allessi, an engineer who tinkers with custom electric cars on his YouTube channel, has also retrofitted his car to mine. He says that the scheme didn't pay off.
He told the news org that he wouldn't want to put that kind of wear and tear on a car. The experiment didn't result in anything profitable in any way, shape or form.
It seems that this is a PR stunt for Raval, who is also planning to launch an automated taxi business with his car. He hopes that he can make money off his taxi by mining cryptocurrencies.
Since it will void your car's warranty, it's probably not worth hacking into your own car to start mining. Better stick with an easier way to power your mining operation.
The owner of a car says he can make up to $800 a month with hiscryptocurrencies.
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