Posted on 01/08/2022 11:11:29 AM PST by DUMBGRUNT
Tesla owners speak to CNBC about how they’ve used the internal computer and battery power of the car to mine cryptocurrencies. San Francisco-based Siraj Raval mines ethereum and polygon by using JavaScript to hack into his Tesla’s native CPU. Others have tried hooking up graphic processing units directly to the Tesla car battery.
But Raval’s favorite way to mint crypto coins like ethereum is to use JavaScript to hack into his Tesla’s native CPU. The CPU is the car’s internal computer that helps with system navigation and provides entertainment to riders.
“It’s much faster, and it’s much more energy efficient,” explained Raval, who says that when the price of ether and polygon peaked in 2021, he was netting as much as $800 a month mining for both.
“The mechanisms are all there,” explained Whit Gibbs, CEO and founder of Compass, a bitcoin mining service provider.
Allessi, for example, purchased his car before Jan. 2017, meaning that he was grandfathered into a scheme where he has free and unlimited supercharging for the life of his vehicle.
Allessi tells CNBC that he doesn’t bother with mining anymore.
“The difficulty is so high...I could make more money working at McDonald’s,” he said.
It does speak well for the power of the Tesla’s processors. That said, I’d be afraid to hack into the car’s computer system for fear of bricking it.
Zero, he got unlimited supercharge with purchase of car.
You and I subsidize his power cost
Bullshit income numbers from Crypto mining on the 10 to 12 processors that could Cryptomine on the Teslas Entertainment, Drive, Safty systems would produce about 9 bucks a day at best.
There is something to buying or taking free electricity at EV/Tesla Rates and dumping the power into 100k of ASIC miners overnight in lue of powering your mineing operation at light industristrial or consumer rates. Mining operations work great in public housing or in a fraudulent situation where power is unmetered and goverment protected the utility with a credit to cover a fixed cost loss. Positions where cooling just drawing in large amounts of dry air from the outside and venting it a profit could be had in the price spikes. Perhaps just enough income to Lease 2 low end Teslas a free/discount electricity wheelbarrows. We sort of ignore how many of these schemes are putting non odometer wear and tear on the primary wear item of the Tesla battery packs.
You have to be clueless to use 35k of capital to make only 10 bucks a day while slowly destroying all the value of the 35k capital. The effort I guess is lower than lawn care business and you could sell off that worn battery pack on wheels to the next sucker.
No matter how I see the numbers, I still get the feeling that even a Tesla pack has 1000 deep discharges from 90% - 30% it is ready for another purpose were weight vs capacity no longer matters.
Some might get away with 2500 (Ten Years) with 90% - 60% dischareds. 85 kWh x 30 % = 25 kWH... or about 19.39¢ * 25 = 5 bucks a day if you pick up the power for free. Ten dollars a day on deeper cycle or moving the car twice a day. The use of the car is free for a few dozen hours a month, if it is the states and the bank capitol this might work for some people.
Stress the batteries past the natural deapration of a very low milage per day Model S and your just stealing unreported wear on future battery/car sale....a near fraud, but we are talking EVs were most of what you know is near fraud. The elecric household roof “free” solar lease, plus the Tesla lease with the insane residual values of today works for the mythical 200 mile a week driver.
At some point someone is going to build a 8 ton electric pickup truck with 500-1000 kWh of capacity and the fraud will be clear to all but the ultimate green supporters wanting to offer free electric charging. I can see a line of 8 ton trucks at the free chargers now.
The hackers will have 2000kWH shipping containers full of used Tesla Batteries ready to suck off the tit of Goverment or Utility driven Free.
Anything but electric town cars and fixed route vehicle would better by hydrogen powered solutions. Mass electric storage will be giving up on the batteries soon enough, with demand the battery raw inputs will be to expensive for all but the transport scooters of people with to much wealth.
I don’t get it. Does that $800 per month add to the GDP? If it does I would like to know how that works.
Sweet...
You didn’t even read the excerpt. Congratulations on keeping the FR anomaly alive!
He bought the car in 2017 with “lifetime free supercharging” at Tesla kiosks.
4th “paragraph”.
Back in the day when I was writing freeeware, stuff like disk copy utils and such it occurred to me I could stick in some mining code....but it’s still stealing even if you only grab a penny or two from each victim, so no....
Most miners are using data centers because they typically get electricity cheaper and they have cooling systems. Most rigs are high end that cost several thousands of dollars.
There’s a guy in Iowa that gets power from a windmill and he built a building to house dozens of computers. There’s money to be made but a huge outlay of capital to purchase the equipment.
“How do you mine bitcoin?”
with digital pick-axes, of course ...
You can really increase your earnings if you hook your rig up between the meter and the transformer.
That last line kinda summed it up, eh?
—”Does that $800 per month add to the GDP? “
A fascinating question.
Some say it adds in the same way as drug sales!
IMO, and I do not know anything.
When it comes to crypto coins, “THERE IS NO THERE THERE”.
Simply warm air from the overclocked CPUs/GPUs.
Yes indeed. Coins like BitCoin are much harder to get into due to the number of "coins" already mined, but lesser coins like Ethereum, DogeCoin, LiteCoin, etc. are still ripe for the picking. If you mine enough and the price jumps, you could be sitting on a fortune.
That’s the point he gets free supercharging. Charge the car at the free charger, park it in the garage and mine away. Repeat each day or two.
Or the neighbors outlets
“You didn’t even read the excerpt. Congratulations on keeping the FR anomaly alive!”
Hey wait a minute! I’m usually the one that points that out. 😉
That will probably get patched out real soon.
My Son in Law makes $11 a day mining, and the cost is $20 a month. Maybe move to a hydroelectric state, get cheaper power per wattage. It can be done, you are not going to get rich, but you will stack money up with little effort in hopes that it will be a help during retirement.
I’ve been mining since January 2018. I’ve invested $33k in equipment and another 13K in electric. I took $50k out over several months in late 2021. With the down market I’m down to $176,000 in crypto currencies. I spent another $5,500 on 10 bobcat helium miners and awaiting their shipment from China (lead times of 12-24 weeks). I purchased another 9 video cards Chrismas week for less than $5k, and those prices are now back up 25%. So I’m running 39 cards. I get free electric on 16 of them. It takes me 45 days and $500 in electric to mine one Etherum - today’s price is $3,100 plus. It should go back to 5k soon.
You download a program that runs the bookkeeping operations (and whatever other background program they run with it). Then every so often, the program “digs up” a coin, and splits it between all the programs running.
So you buy a fancy computer with lots of processing power, pay for electricity, then just let it sit and every so often you might get .0000045 coins. Which is $1, $100, $.02, $1500, just depends on what the ‘market’ prices them at. Some are overly expensive and heading for a crash, others are worth almost nothing, which is pretty accurate.
And of course, all these different coins run logarithmic rewards, so the guy that invented it has already mined maybe half the coins before anyone else even started doing it. HUGE rewards for early adopters, not really worth it for many people nowadays.
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