What If I told you there was still a way in this world to get free Ethereum...yes
FR double EE Free. It’s a loophole, but that hole is still out there to this day. So let’s
tie or loop and wrangle it in cowboys and cowgirls, because it’s time for Chico Crypto!
The cowboy yeehaw and this weekend's live stream which detailed elon musk moving to
Texas gave a real big hint into today’s video. This loophole to get free Ethereum
ties right into Elon Musk, Tesla & the Tesla supercharging network.
So just spit it out Tyler...what are you talking about!?
Well it’s possible to convert your Tesla, and it’s battery into an Ethereum mining machine.
And this car hack actually already made it’s way through the media cycle...back in 2017.
Vice covered it in their article “Can You Mine Cryptocurrency With a Tesla? A Feasibility Study”
And that feasibility study, found yes it’s possible and some people were claiming to be doing
it out of the trunks of their Teslas. And here is the kicker...the article states “Now at least
one Tesla owner is getting a piece of the action by installing mining rigs in their
trunk to take advantage of the free electricity provided to some Tesla owners—or so it seems”
Yes, Tesla really needed an incentive for people to buy their cars, back in the day
so for the first few years of the Model S and Model X programs,
unlimited free Supercharging was one of the top perks that Tesla offered to its customers.
Supercharging what is that? Well I’m sure you’ve seen a station
around a city or two...it’s there countrywide networks that allow owners to charge their cars
extremely fast, from 0 to full charge about an hour.
So early Tesla customers, they have lifetime free unlimited charging of their vehicles through these
charging networks. They can fill up their battery “For Free” whenever and however much they like…
Elon Musk obviously knew the perk wasn’t sustainable and he
even admitted that they should have ended the incentive earlier...saying
this in 2017 ““Sorry, it’s not really sustainable at volume production and
doesn’t incentivize optimal behavior. We probably should have ended this earlier”
So what cars still qualify? Well it has to be a tesla, ordered before 1/15/2017...and received by
March 2017...that is the cutoff for the unlimited lifetime charging...So if you are looking for one
of these, and it’s before that date range….there is another kicker... it has to be transferable,
the lifetime charging...what does that mean? Well if Tesla buys it back, to sell used...they
take away this perk. You have to buy it from a private party, a person...no third party
dealers...the perk is disqualified from what I have read if it goes through a dealer down
the line...so you have to make sure it has this perk for one, and it’s transferrable
In 2018, Elon did bring back this unlimited perk to the vehicles for a short amount of time too,
a small window...but it was brought back, then once again in August of 2019 for the model s
and x, but then removed it again in May of 2020.
So there are windows of free unlimited supercharging,
you just have to make sure it has it, and it’s transferable,
not bought through a dealer, or ever went through the third party pipeline.
Now, I am not recommending this whatsoever….it will probably void your warranties,
you could possibly blow up your vehicle & battery. So don’t do it!
This is just a feasibility look, into possibilities that are out there…
So how much could you freaking make, using your Tesla to mine Ethereum
if that was all it was being used for? And I’d
like to thank Vice’s article for some of this data, it made it easy on me…
Now. we’re looking for the most profitable, efficient, and readily available mining
machines on the market machines..that is the innosilicon a10 pro. The specs of it,
750 watts and a beast of power compared with GPUs...500 megahashes per second.
So let’s fit 4 of these bad boys, for a
total of 3000 watts and 2000 megahashes per second. Now turning that 3000 watts into
kilowatt hours, if it was ran 24 hours..we get 72 Kilowatt hours to power the 4 a10s all day.
As we can see from Wikipedia, Tesla’s battery packs range from 60kilowatt hours to 100,
so it’s feasible to power this all day from just one fill up from free supercharging station.
But the strain on your battery would be big! Tesla’s get an average of 3 miles per kilowatt
hour out of their battery. You take the 72 kilowatt hours from mining, and multiplied
it by 3, that is equivalent to your Tesla 216 miles per day, or over 1500 miles per week.
Would that be worth it? The big question is….how much could you make with 4 a10s running all day?
Well minerstat.com has nice calculator tool..let’s put in the 2000 megahashes, 3000 watts of power,
not paying a pool fee, and the electricity cost is a big ole goose egg zero...and as we can see,
that’s profits of over 76 dollars a day, over 532 per week, and $2281 for the month.
Not freaking bad whatsoever...as that’s over 27 thousand dollars for the year,
if all things stay the same, including hashrate and ethereum’s price. If ethereum goes up...you
will be in the profit in USD terms even more…
But costs….as we can from it’s possible to get an a10 pre, but the cheapest your paying
is around $4500 bucks. So 4 of those is going to cost you $18 grand. A large upfront cost….but,
also you gotta remember, you have to find a tesla….which has unlimited supercharging,
and it is transferable….a tough find, meaning no third party dealer,
no used from Tesla..meaning no payment plan and another large upfront cost….
Not terrible though...as if you go to Kelley Blue book, and the trade in range for a good
condition 2012 Tesla Model S, with 150 thousand miles is on average, just 12 thousand bucks.
Total investment….mining machines plus the tesla
is about $30k, and profit if all things stay the same after one year
is over 27 grand...that means this could pay itself off and break even in just over a year.
Now, with this example, it better pay itself off, because the mining machines we were
using in the example, were specialized for the Ethereum proof of work Ethhash algorithm.
We all know Ethereum is switching to proof of stake, and those machines
might not be as profitable once the full switch happens..estimates between 1 to 2 years.
But you don’t just have to mine ethereum. You could eventually
sell those machines pre switch, and then use the Tesla to mine bitcoin, dogecoin, monero,
any proof of work algorithm, the battery could be converted and used to mine cryptocurrencies.
I just showed Ethereum as it’s the most profitable right now...but you could also keep the machines,
and mine Ethereum classic, as it’s sticking with the ETHhash algo. Now sticking in the stats of
the Tesla Ethereum mining machine…. look at the profitability with ethereum classic today...not
bad, less than ethereum, just over 1200 per month...but that’s still over 15
thousand per year. Your Tesla could still be profitable, post Ethereum proof of work switch.
But like I mentioned this is just theory, is it feasible, and what would the results look like
based on the figures. But Elon, if you watched this video, don’t be mad I showed a loophole
to mine crypto for free...but embrace this loophole, and use it in your own business.
I’m not saying open up free unlimited charging to everyone and put miners in directly in every
freaking Tesla...that is definitely unsustainable, but for the customers who create their own power,
and store it with your full cycle systems, panels, batteries and all...wouldn’t
it make sense to give them the freedom to do with this saved power as they please?
Wouldn’t it be awesome, if proof of work crypto networks...were secured sustainably,
by people using renewable energy. Instead of securing them with environmentally consequential
energy...Tesla, with their distributed full cycles systems
is the only global business in a position to do this on a large enough scale even for Bitcoin…
And BTC is sticking with proof of work….while Tesla and their sustainable goals aren’t going
anywhere. So your vehicle...a crypto miner today...yes! Your
home a crypto miner in the future? It’s possible. Cheers I’ll see you next time