Tesla Model 3 owner mines $800 in Crypto per month using the electric car

Mining cryptocurrency using a Tesla Model 3 was after all just like connecting the computer to any other power source.
By : HT Auto Desk
| Updated on: 10 Jan 2022, 05:52 PM
Tesla Model 3's battery was used to generate power for a computer and five interconnected GPUs.
Tesla Model 3's battery was used to generate power for a computer and five interconnected GPUs.
Tesla Model 3's battery was used to generate power for a computer and five interconnected GPUs.
Tesla Model 3's battery was used to generate power for a computer and five interconnected GPUs.

Siraj Raval has used his 2018 Tesla Model 3 to run a free bitcoin mining software on his Apple Mac mini M1 and was netting as much as $800 (approximately 60,000) a month during the peak crypto boom early in 2021. Raval claims that he powered the computer by plugging an inverter into the 12-volt power socket located in the centre console of the car. This is probably the first time a Tesla has been used to mine bitcoins.

(Also Read: Tesla second only to BMW now in premium car sales in this key market: Report)

The man tried just every way there is to mine cryptocurrencies from his 2018 Tesla Model 3, reports CNBC Besides running the Mac mini M1 using the centre console power socket, he also hooked up five interconnected graphics processing units (GPU) to the frunk of his Tesla, running these machines off the electric sedan's internal battery.

Similar Cars

Find More Cars
Tesla Model 3 (HT Auto photo)
UPCOMING
Tesla Model 3
Electric | Automatic
₹70 - 90 Lakhs* *Expected Price
Tata Tigor Ev (HT Auto photo)
Tata Tigor Ev
Electric | Automatic
₹11.99 - 13.14 Lakhs**Ex-showroom price
Tata Altroz Ev (HT Auto photo)
UPCOMING
Tata Altroz Ev
 
₹12 - 15 Lakhs* *Expected Price
Tata Nexon Ev (HT Auto photo)
Tata Nexon Ev
Electric | Automatic
₹13.99 - 16.85 Lakhs**Ex-showroom price
Tata Nexon Ev Max (HT Auto photo)
Tata Nexon Ev Max
Electric | Automatic
₹17.74 - 19.24 Lakhs**Ex-showroom price
Mg Zs Ev (HT Auto photo)
Mg Zs Ev
Electric | Automatic
₹21 - 24.68 Lakhs**Ex-showroom price

The move risked him voiding the car's warranty, but Raval claims that the effort was worth it. Mining from a Tesla was after all just like connecting the computer to any other power source.

Mining cryptocurrencies demands creating a network for a blockchain ledger, which is painstakingly expensive and demands a huge amount of electricity consumption. This is too costly. The man who mines Bitcoin and Ethereum figured out a way to minimize the cost of electricity by just using his electric car as a source of electricity to power his Macbook.

Tesla Model 3 is already built to deliver more than 100 kWh and anything connected to the car seeking energy is going to consume a fraction of that only. The move is very similar to the idea of electric vehicles powering the grid and other electrical appliances when required. Several automakers such as Nissan, Hyundai, Toyota are working on such technologies when their electric vehicles will be able to reverse power to the grid or electric appliances when required. However, powering a computer for mining cryptocurrency is something unique.

First Published Date: 10 Jan 2022, 05:52 PM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city