After all, mining cryptocurrency with a Tesla Model 3 was as simple as plugging the computer into any other power source.
During the peak of the crypto boom in early 2021, Siraj Raval used his 2018 Tesla Model 3 to run a free bitcoin mining software on his Apple Mac mini M1 and was earning as much as $800 (approximately 60,000) per month. Raval claims he powered the computer by connecting an inverter to the 12-volt power socket in the car’s centre console.
This is probably the first time a Tesla has been used to mine bitcoins.
According to CNBC, the man tried every method available to mine cryptocurrencies from his 2018 Tesla Model 3. He connected five interconnected graphics processing units (GPU) to the frunk of his Tesla and ran them off the electric sedan’s internal battery, in addition to running the Mac mini M1 off the centre console power socket.
The move put him at risk of voiding the car’s warranty, but Raval claims it was worth it. After all, mining with a Tesla was no different than connecting the computer to any other power source.
Mining cryptocurrencies necessitates the establishment of a network for a blockchain ledger, which is time-consuming and energy-intensive. This is far too expensive. The man who mines Bitcoin and Ethereum figured out a way to save money on electricity by charging his Macbook with electricity from his electric car.
The Tesla Model 3 is already designed to deliver more than 100 kWh of power, and anything connected to the car that requires power will only use a fraction of that. The move is similar to the concept of electric vehicles providing backup power to the grid and other electrical appliances when needed. Several automakers, including Nissan, Hyundai, and Toyota, are developing technologies that will allow their electric vehicles to reverse power to the grid or to electric appliances when needed. However, running a computer for cryptocurrency mining is a one-of-a-kind experience.