A Tesla owner says he makes up to $800 a month mining cryptocurrency with his car. He says itโ€™s worth it, even though it could void his warranty.

Siraj Raval described his Tesla as a "computer on wheels."Tang Ke / Costfoto / Barcroft Media via Getty Images

  • Siraj Raval told CNBC that his Tesla Model 3 mined bitcoin and ethereum for about 20 hours a day.

  • He called his car a "computer on wheels" and said he made between $ 400 and $ 800 a month.

  • But an electric vehicle dealer told CNBC that mining cryptocurrency with a Tesla battery was not worth it.

The owner of a 2018 tesla model 3 told CNBC who made up to $ 800 a month using his car to mine cryptocurrency.

Siraj Raval, who described his car as a "computer on wheels," said he had plugged an inverter into an outlet in his car and used it to power a computer running bitcoin mining software.

He said he made $ 400 to $ 800 a month, depending on the value of bitcoin Y ethereal. Although it could override your vehicle warranty, which covers the battery for up to eight years, thinks it's worth it, he said.

"It's so simple to hack this car with a computer," he said.

Said it had also used the car battery to work interconnected graphics processing units that mine cryptocurrencies.

Raval said he spent roughly 20 hours a day drawing with his Tesla battery and that he paid between $ 30 and $ 60 a month to charge the battery.

Chris Allessi, an electric vehicle salesman in Wisconsin, told CNBC that it was not worth using a Tesla to mine cryptocurrency.

Because he bought his Tesla before 2017, Allessi had access to the company's free lifetime supercharger program, which means you don't have to pay to charge your battery. He said that he used this free power to mine cryptocurrency, but gave up because it wasn't profitable enough.

"Did it work? Yes. Did you dig something worthwhile so that it could be profitable in any way or shape? No," Allessi told CNBC of his experience mining monero.

And despite bitcoin's soaring value, Allessi estimated that the increasing difficulty of mining meant that if you were to mine it now, you would get around $ 1 or $ 2 of the cryptocurrency in 60 hours.

"Why would you want to put that kind of wear and tear on a $ 40,000 to $ 100,000 car?" added.

"The difficulty is so high," he said, adding, "I could make more money working at McDonald's."

Thomas Sohmers, a Tesla hacker and cryptocurrency miner, told CNBC that he doubted Raval's claim and said he didn't think it was possible to make that much profit using his car for mining.

But Raval said he did not plan to stop mining cryptocurrency with his Tesla. He said that in the future he wanted to make his car a fully autonomous robotaxi that mine whenever he is not on the road.

Read the original article at Business Insider

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