Tesla Model 3 owner uses his car to mine cryptocurrency and earns up to $ 800 monthly

By: Elena Shcherban | 09.01.2022, 23:17
Tesla Model 3 owner uses his car to mine cryptocurrency and earns up to $ 800 monthly

Cryptomining is an energy-intensive process, but enthusiasts do not go to any lengths for the sake of good earnings. A striking example of this is Siraj Raval, who mines cryptocurrency using a 2018 Tesla Model 3 car.

How does it work?

According to the Tests owner, he tried all the methods of mining cryptocurrency and found the perfect scheme for himself: a cluster of GPUs is installed in the trunk of the car, which is powered by an electric car battery. In this case, the "brain of the operation" is the Apple Mac mini M1, which is powered by 12-B sockets in the center console.

Siraj knows that such manipulations can deprive him of the guarantee for the machine, but it's worth it: his monthly earnings from mining range from $ 400 to $ 800 per month - $ 400 during the cryptocurrency crisis and $ 800 at the peak of cryptocurrency growth.

The car travels about 510 km from a full battery charge, which costs $ 10-15. Such expenses are required on average once a week and a half - that is, a month it takes from $ 30 to $ 60 to charge. Tesla Model 3 has become a real workhorse for its owner: it mines cryptocurrency for 20 hours a day.

At the same time, Raval chooses Ethereum for mining, which has become the most profitable for him. The guy never exchanges assets for dollars and saves them using a crypto investment service with an annual income of 23%, so his savings are constantly growing. Plus, he buys GPUs from eBay for additional savings.

By the way, a few years ago, Chris Allessi, a Wisconsin car dealer, spoke about a similar project. But he came to the conclusion that this was an unprofitable business.

Source: CNBC