Tesla owner has revealed that he was making $800 every month using his Model 3 EV to mine Bitcoin and Ethereum.
According to CNBC, Siraj Raval said through 2021, he will make $400 to $800 a month, mining cryptocurrency using his car. He said that he was making $800 a month when the price of ETH peaked last year.
Raval connected a series of GPUs to the “frunk” of his Tesla. The car’s large battery essentially acted as the power source that may help reduce maintenance costs.
However, it also affects the warranty of Tesla cars but Raval said that it is worth it.
When the official talks more about this to Raval for using the Tesla car, he said, adding that “it is a computer with wheels, it is too easy to hack into the computer of the car”.
His setup includes free bitcoin mining software on his Mac mini M1, which is powered by plugging an inverter into the 12-volt power socket in the center console of his Model 3.
Apart from Raval, Alejandro de la Torre, who mines bitcoin, said mining from a Tesla is like connecting to any other power source.
“The main component is the price of the electricity. If it’s cheaper doing it through an electric vehicle, then so be it.”