Tesla Competitor to Launch First Electric Car That Mines Bitcoin and Dogecoin

[kryptqnick]

I'm not sure how hard dogecoin mining is, so maybe mining is with a parked car is a viable idea, but I don't see how this can work out with Bitcoin since contemporary Bitcoin mining normally requires professional equipment and maintenance (like the cooling devices). Moreover, I don't think the charging stations will be thrilled with their electricity bills if cars don't just recharge but also suck out a lot of energy for mining. Or will the car owners pay for it themselves? In that case, I think they'll be shocked with the bills
It's an interesting idea, but can it really be implemented?

[dkbit98]

They are using Coinbase commerce to accept payment in Bitcoin and other coins, but they have the same buying model like Tesla pre-ordering with various packages starting from $100 deposits.
Full price of their Spiritus electric car is around $19,000 that is much cheaper than Tesla, and $149,000 for Spiritus Ultimate, but this mining operation while car is parked is not explained at all and it looks like a shady marketing trick made to collect more money from cryptocurrencies.

Look at this statements claiming that cars will have installed GPU graphic cards, so just imagine how many GPU cards can you put in that small car and how many of them you need to really mine Bitcoin,
not to mention they also sell personal flying vehicles called Skyrider for $250,000  

With Nebula Miner, mine Bitcoin, Ethereum, Doge, and more, while your car is plugged in, wireless charging, or parked. As every other car is depreciating while it sits in the garage, the Daymak Spiritus will make you money. Access the Nebula Miner UI right from the cockpit of your Spiritus.
Nebula Miner – make money while you are parked. Spiritus cars will come standard with an industry-leading GPU in mining price-to-profit. Whenever the vehicle is parked on top of the Daymak Ondata wireless charging pad, or parked and trickle-solar-charging, or plugged-in, Daymak Spiritus is guaranteed to be making its owner money.

https://daymakavvenire.com/nebula/

This reminds me on one South American mobile phone company that promised mining with their new magical smartphones, and they also advertised in bitcointalk forum last year I think.

[bekti3]

Tesla just hitch a ride on Bitcoin because Bitcoin current performance is soaring. so that the moment was used by Elon to attract many crypto fans including Bitcoin who were interested in Tesla. the proof is after Tesla used Elon as if throwing away the price of Bitcoin without looking at the people around him.

[Maslate]

Canadian electric vehicle maker Daymak has announced that Spiritus, the company's futuristic car that has not yet been launched, will be able to mine Bitcoin and Dogecoin while parked.

The idea is really entertaining and I'm not sure if it really works. I don't know why but it finds it too hard to buy such a brilliant idea and to believe that it hits the market, well, we never know.

a lot of people wanted to gain some attraction and give such promising ideas and talks but somehow, it comes to no results.
The people had already experience things like this and they are now learning those events that is why it is really to believe if we can never see it works and proven.
"To SEE is to BELIEVE".

[avikz]

I stumbled upon this news couple of weeks back. While it's ok for a marketing gimmick and may appeal to some crypto miners in this process, but is it really practical? Electric cars are already under heavy fire from the consumers due to its short range and limited usability. Now if an electric car start mining while parked, it will drain out the battery and reduce the range even further.

For a marketing gimmick it's ok but not practical, I must say!

[eaLiTy]

Canadian electric vehicle maker Daymak has announced that Spiritus, the company's futuristic car that has not yet been launched, will be able to mine Bitcoin and Dogecoin while parked.

It does not make any logical sense other than wasting and it just looks like a publicity stunt rather than anything meaningful. The company is yet to release a car and hence we have no idea whether we can mine anything useful using these power.

I do not even see Daymak Spiritus as a competitor to Tesla until they start producing the results and the cars Tesla have are incredibly astonishing and if they can compete with the results then we can call them a competitor.

 

[slaman29]

Interesting. But is he stupid or what? Does he even know how much power it takes yet to mine crypto? Why put that processing power into a car? Samsung or LG did it with appliances a long time ago and it didn't work. Maybe with monero or something else, staking for sure, but why Bitcoin which needs very costly POW hardware?

[worle1bm]

At first these are only rumours and no actual proof is presented with any legal filing of documents so we can't say this will happen in reality or not.Secondly if you put all your electric power to mine Bitcoin of your lithium ion batteries the car life span is not more and you need to charge your car more than required and change them at regular intervals.Bitcoin mining difficulty has increased over time and current target is in trillion for which you need to put up ASIC machines on a pool for Mining bitcoin and we are talking about setting them up in an EV? Not an nice idea because it will heaten upto large extent and make extravagant sound in parking which might disturb some others and moreover your profitability will not be more than cost of managing.The car price will be too high and cost will not be recovered over time as next halving is scheduled in 2024.So better it's a dream.

[stompix]

Mining in electric cars makes sense, yes,

It makes zero sense! It makes as much sense as cooking hamburgers in a gas car!

Terrible idea. You can implement something like this with existing cars, that should not be a feature which entices people. Think about it, if you have an EV, you're going to want to eliminate any frivolous energy consumption which reduces both the range and the lifespan of your battery. Why would you need to include something like this in a car???

Yeah, it would make more sense on a gas car to recoup energy and use it as hybrids do rather than outright consuming precious battery power and cycles. The whole thing is one pile of BS!

With Nebula Miner, mine Bitcoin, Ethereum, Doge, and more, while your car is plugged in, wireless charging, or parked. As every other car is depreciating while it sits in the garage, the Daymak Spiritus will make you money. Access the Nebula Miner UI right from the cockpit of your Spiritus.

Hmm, let's see what more, maybe Chia, Storj, and Helium and Bat!
The sheer stupidity of them not making a clear distinction between those algorithms make some thinks it's either

a) a scam!
b) a publicity stunt that is an outright lie and when you finally get the car it has a 1050ti than mines 5$ a month or some refurbished S3.

Granted the car doesn't have to come with the mining power of an S19pro, you can simply downsize the same miner by limiting chips number and make it a 100W miner, but that would hardly mean something when you're paying $149,000 for a car that's not even a car!
It's a damn trike like the one electrameccanica is selling.

[Sterbens]

I'm glad to hear that, because Tesla doesn't just need 1 or 2 competitors to participate in Bitcoin mining. actually I expected more than that, hopefully not just electric cars from Canada. Well-known car brands that have existed until now also have to compete. because then Tesla will think harder about how to be at the forefront.
As we know, when Tesla is mining with DogeCoin, price is being played with, so to teach the CEO a lesson, tougher competitors will have to jump in to prove that Tesla is not the only one who can mine Bitcoin or Doge. Otherwise, electric cars across the country will be a formidable competitor.

[DarkDays]

I stumbled upon this news couple of weeks back. While it's ok for a marketing gimmick and may appeal to some crypto miners in this process, but is it really practical? Electric cars are already under heavy fire from the consumers due to its short range and limited usability. Now if an electric car start mining while parked, it will drain out the battery and reduce the range even further.

For a marketing gimmick it's ok but not practical, I must say!

I agree with you. While to some it may sound exciting, in actual fact, having electric cars which of course use electricity to mine is no solution to the rising problem of energy consumption on the back of crypto. Even if you do mine, the battery of the car will get damaged and who'll want to do that.

I think this is another example of how people are putting together 'words' which they think sound cool but have no practicality whatsoever.

[joniboini]

I think those competitors should focus on providing better features on their cars instead of doing this. What a waste of energy. Just yesterday Lisa Su stated that the new Tesla will use AMD RDNA2 GPU for their entertainment activity, which is way more useful than this gimmick mining feature imo. If anyone is interested in mining, they'd buy a mining rig instead of a car.