In May of last year Tesla CEO Elon Musk strongly impacted the cryptocurrency market by saying that his company would not accept payments in Bitcoin (BTC) alleging “the increasing use of fossil fuels such as coal in mining and Bitcoin trading “and your concern about it. What the tycoon might not have imagined is that the electric cars made at his company could serve as a source of energy for Bitcoin mining.
That’s what data scientist Siraj Raval does to make $ 800 a month. This is because it weighed the cost of energy to recharge the car and the energy autonomy that the vehicle provides for mining. This is done by connecting a device to the vehicle’s 12-volt outlet, in this case an “inverter,” which transforms the direct current from the batteries into alternating current.
The investor’s exit, according to an interview Rava gave to CNBC, fuels an Apple Mac Mini M1, in which he claims to run free mining software. The owner of the 2018 Tesla Model 3 also revealed that he was able to turn the vehicle into a “computer on wheels” achieving greater mining efficiency by hacking into the vehicle’s internal computer and connecting the graphics processing units (GPUs) directly. from the engine.
Regarding costs, Siraj Raval said that he spends between 10 and 15 dollars to recharge the batteries of the vehicle, which represents a range of 320 miles, about 515 kilometers, which allows 20 hours a day of mining, through the platform ” Midas.Investments “, responsible for a 23% annual profit on its investments in altcoins, even with the adverse effects of market volatility.
Despite Musk’s tweets against fossil-fueled mining, Tesla has invested heavily in Bitcoin in 2021, which in October accounted for 43,200 BTC held by the company.