Elon Musk criticized the mining of fossil fuels, but created vehicles … “Bitcoin miner”

In May last year, Tesla CEO Elon Musk heavily influenced the cryptocurrency market by saying that his company would not accept payments in Bitcoin (BTC) as he claimed “the increasing use of fossil fuels such as coal in mining and Bitcoin trading “and your concerns about it. What the tycoon may not have imagined is that the electric cars manufactured in his company could serve as a source of energy for Bitcoin mining.

That’s what data scientist Siraj Raval does for $ 800 a month. This is because the energy cost of charging the car has been weighed against the energy autonomy the vehicle provides for mining. To do this, a device is connected to the vehicle’s 12-volt socket, in this case an “inverter” that converts the direct current from the batteries into alternating current.

The investor’s exit, according to an interview given by Rava to CNBC, powers an Apple Mac Mini M1 in which it claims to run free mining software. The 2018 Tesla Model 3 owner also announced they were able to turn the vehicle into a “computer on wheels” for greater mining efficiency by hacking into the vehicle’s internal computer and graphics processors (GPU) directly from. connected the engine.

Elon Musk criticized the mining of fossil fuels, but created vehicles … “Bitcoin miner”
Elon Musk criticized the mining of fossil fuels, but created vehicles … “Bitcoin miner”

In terms of cost, Siraj Raval said he spends between $ 10 and $ 15 to recharge the vehicle’s batteries, which represents 320 miles of autonomy, about 515 kilometers, which allows for 20 hours a day of mining, through the platform ” Midas Investments “. “Responsible for an annual profit of 23% on its investments in altcoins, even with the negative effects of market volatility.

Despite Musk’s tweets against fossil mining, Tesla invested heavily in Bitcoin in 2021, which was 43,200 BTC owned by the company in October.

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