Connect with us
tesla bitcoin tesla bitcoin

Lifestyle

Tesla owners ponder EV’s effectiveness as cryptocurrency mining rig

(Credit: @PeakHodl/Twitter)

Published

on

Tesla Model 3: fast, high-tech, reasonably affordable, and able to mine cryptocurrencies?

A Tesla Model 3 has been converted into a partial cryptocurrency mining rig by owner Siraj Raval, who makes at least $800 a month through the system; enough to pay for his Tesla and then some. Using free Bitcoin mining software, along with a Mac Mini and the Tesla’s 12-volt cigarette lighter, Raval has turned his all-electric car into a self-sufficient revenue-generating machine.

Raval says he also has GPUs in the frunk that are connected to the car’s internal battery. But that’s not all he’s done, as he also uses JavaScript to hack into the Model 3’s native CPU for mining mint coins like Ethereum. It might not be something Tesla’s warranty policy necessarily covers, but it might be frowned upon. Either way, Raval doesn’t seem to care. “It’s much faster, and it’s much more energy-efficient,” he told CNBC in an interview. Raval was making up to $800 per month mining for several coins in 2021,

Raval is far from the only owner to use his all-electric Tesla to mine some of the most valuable cryptocurrencies on the market. Alejandro de la Torre, another crypto enthusiast, says it’s simply cheaper to do it in his vehicle. “The main component is the price of the electricity. If it’s cheaper doing it through an electric vehicle, then so be it,” he said. Raval said he plans to develop his Model 3 into a full-time mining rig, which will earn cryptocurrency any time it is not driving.

Eventually, Raval believes his car won’t just make him money through crypto mining, but it will also drive itself and earn additional revenue when Tesla launches its Robotaxi program. The car could eventually become fully self-sustaining. “It will use its earnings, from both transportation services and cryptocurrency mining services, to pay for its own expenses, like repairs, electricity costs, and upgrades, as well as invest them into a diversified portfolio of emerging crypto-community networks,” he said.

Advertisement

Tesla’s Robotaxi network could be more profitable than expected: ARK Invest

The finer points of building a crypto mine from your Tesla are included in the CNBC interview, but those who have performed the task of transitioning their car from a transportation mode to a moneymaker are plentiful. Not all of them believe it was a great idea, though.

“Did it work? Yes. Did it mine anything worthwhile to be able to be profitable in any way, shape, or form? No,” Chris Allessi, who runs the K-Man YouTube channel, said. “Why would you want to put that kind of wear and tear on a $40,000 to $100,000 car? And right now, even though the price for bitcoin has gone up dramatically, so has the difficulty level…In the same amount of time with the exact same equipment, I’m probably looking at $1 or $2 worth of bitcoin.”

Allessi doesn’t believe mining is even worth it, even with a high-priced, high-yield rig. “I could make more money working at McDonald’s.”

I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

Advertisement

Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

Advertisement
Comments

Lifestyle

Tesla Cybertruck takes a bump from epic failing Dodge Charger

The Cybertruck seemed unharmed by the charging Charger.

Published

on

Credit: Hammer_of_something/Reddit

There comes a time in a driver’s life when one is faced with one’s limitations. For the driver of a Dodge Charger, this time came when he lost control and crashed into a Tesla Cybertruck–an absolute epic fail. 

A video of the rather unfortunate incident was shared on the r/TeslaLounge subreddit.

Charging Charger Fails

As could be seen in the video, which was posted on the subreddit by Model Y owner u/Hammer_of_something, a group of teens in a Dodge Charger decided to do some burnouts at a Tesla Supercharger. Unfortunately, the driver of the Charger failed in his burnout or donut attempt, resulting in the mopar sedan going over a curb and bumping a charging Cybertruck.

Ironically, the Dodge Charger seemed to have been parked at a Supercharger stall before its driver decided to perform the failed stunt. This suggests that the vehicle was likely ICE-ing a charging stall before it had its epic fail moment. Amusingly enough, the subreddit member noted that the Cybertruck did not seem like it took any damage at all despite its bump. The Charger, however, seemed like it ran into some trouble after crashing into the truck.

Alleged Aftermath

As per the the r/TeslaLounge subreddit member, the Cybertruck owner came rushing out to his vehicle after the Dodge Charger crashed into it. The Model Y owner then sent over the full video of the incident, which clearly showed the Charger attempting a burnout, failing, and bumping into the Cybertruck. The Cybertruck owner likely appreciated the video, in part because it showed the driver of the Dodge Charger absolutely freaking out after the incident.

Advertisement

The Cybertruck is not an impregnable vehicle, but it can take bumps pretty well thanks to its thick stainless steel body. Based on this video, it appears that the Cybertruck can even take bumps from a charging Charger, all while chilling and charging at a Supercharger. As for the teens in the Dodge, they likely had to provide a long explanation to authorities after the incident, since the cops were called to the location.

Continue Reading

Lifestyle

Anti-Elon Musk group crushes Tesla Model 3 with Sherman tank–with unexpected results

Ironically enough, the group’s video ended up highlighting something very positive for Tesla.

Published

on

Credit: Led By Donkeys/X

Anti-Elon Musk protesters and critics tend to show their disdain for the CEO in various ways, but a recent video from political action group Led By Donkeys definitely takes the cake when it comes to creativity.

Ironially enough, the group’s video also ended up highlighting something very positive for Tesla.

Tank vs. Tesla

In its video, Led By Donkeys featured Ken Turner, a 98-year-old veteran who served in the British army during World War II. The veteran stated that Elon Musk, the richest man in the world, is “using his immense power to support the far-right in Europe, and his money comes from Tesla cars.” 

He also noted that he had a message for the Tesla CEO: “We’ve crushed fascism before and we’ll crush it again.” To emphasize his point, the veteran proceeded to drive a Sherman tank over a blue Tesla Model 3 sedan, which, of course, had a plate that read “Fascism.” 

The heavy tank crushed the Model 3’s glass roof and windows, much to the delight of Led By Donkeys’ commenters on its official YouTube channel. But at the end of it all, the aftermath of the anti-Elon Musk demonstration ended up showcasing something positive for the electric vehicle maker.

Advertisement

Tesla Model 3 Tanks the Tank?

As could be seen from the wreckage of the Tesla Model 3 after its Sherman encounter, only the glass roof and windows of the all-electric sedan were crushed. Looking at the wreckage of the Model 3, it seemed like its doors could still be opened, and everything on its lower section looked intact.

Considering that a standard M4 Sherman weighs about 66,800 to 84,000 pounds, the Model 3 actually weathered the tank’s assault really well. Granted, the vehicle’s suspension height before the political action group’s demonstration suggests that the Model 3’s high voltage battery had been removed beforehand. But even if it hadn’t been taken off, it seemed like the vehicle’s battery would have survived the heavy ordeal without much incident.

This was highlighted in comments from users on social media platform X, many of whom noted that a person in the Model 3 could very well have survived the ordeal with the Sherman. And that, ultimately, just speaks to the safety of Tesla’s vehicles. There is a reason why Teslas consistently rank among the safest cars on the road, after all.

Continue Reading

Lifestyle

Tesla Model 3 driver is using FSD to travel to Mt. Everest Base Camp

The ambitious, nearly 4,000-kilometer (2,485-mile) Tesla FSD journey is being livestreamed on Chinese social media.

Published

on

Credit: Douyin 老高懂电车

Count on Tesla drivers in China to push Full Self Driving (FSD) as far as it could go. As could be seen in videos posted on Chinese social media, a brave Model 3 owner is currently going on an epic journey from Henan Province to the base camp of Mt. Everest on FSD.

Recent posts from the Model 3 driver suggest that the ambitious destination may be within reach.

Epic FSD Journey

As noted by Tesla owner-enthusiast Aaron Li, the journey from Henan Province to the base camp of Mt. Everest spans almost 4,000 kilometers (2,485 miles). The journey itself is epic, with stunning vistas and roads that require some drivers to bring oxygen canisters with them. The fact that it is being done using FSD makes it extra impressive. 

Based on the videos that have been recently shared, the Model 3 running FSD seems to be nearing the Everest Base Camp. There seems to be a good chance that the Tesla Model 3 may reach its destination this Friday.

Previous Everest Trips

This is not the first time that a Tesla has driven to Mt. Everest’s base camp.  That would be a Model 3 that was driven in September 2020. That vehicle, which went on a long 5,500 km (3,400-mile) journey, was manually driven to its destination. 

Advertisement

In April 2021, Tesla China announced that it has completed the buildout of 11 Supercharger stations in the picturesque route from Chengdu to Tingri. This route would allow drivers to reach the base camp of Mt. Everest. Sure enough, in July 2022, Tesla China shared a video of two Teslas—a Model X and Model Y—reaching the Everest base camp without any issues. Numerous other Tesla drivers have since taken on the long, picturesque journey.

Check out this Tesla Model Y’s journey to the Mt. Everest base camp in the video below.

Continue Reading

Trending