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Author Topic: Tesla Owner mining Bitcoin for free!  (Read 312 times)
Displux
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December 01, 2017, 11:47:09 AM
 #1

https://cryptodaily.co.uk/2017/12/tesla-owner-mining-bitcoin-free/
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Pan Troglodytes
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December 01, 2017, 11:55:42 AM
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wel if I get it right, it has something to do with getting back the free energy generated while a vehicle breaks. The stunt that toyota has been doing for like 15 years
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December 01, 2017, 01:13:51 PM
 #3

It looks like some sort of KERS, but is it really worth it? I don't see how you could create enough power with this to mine coins feasibly. It is certainly a weird idea that might be useful, but I don't see anybody making money off of this.

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December 01, 2017, 01:31:52 PM
 #4

Well, they came up with something that doesn't harm anyone since the Supercharger network provides free energy, he's taking advantage of an exploit so, I wouldn't say that what he's doing is wrong. But the thing is, this is going to bring more problems to Bitcoin, if this thing goes mainstream and makes a lot noise, it will eventually bring a lot of unwanted attention, and it will give people more reasons to attack bitcoin.
Tesla owners can do whatever they want with their cards, but I think this is not going to end well.

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Opquar
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December 01, 2017, 03:22:06 PM
 #5

Can that really power a legit mining rig? Would it even be practical? I am a little skeptical. Either way, if this is true, Tesla will put a stop to this.
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December 01, 2017, 10:46:59 PM
 #6

Original article, not that crappy blog:

https://electrek.co/2017/11/29/tesla-mining-bitcoin-model-s-supercharger-power/

Quote
Now a member of the Tesla Owner Worldwide group on Facebook jokingly suggested using the electricity aspect of Tesla’s vehicles instead of the computing power.

Another member of the forum took it more seriously and built a mining rig to fit the back of his Model S (picture credit: Michael Pearson‎):

Now that’s a setup for GPUs (though the GPUs are not installed) and therefore, it’s not likely to be used for bitcoins, but it could be used for other cryptocurrencies.

What advantages this setup would have to offer over a regular in-home mining rig? It’s not clear really.

The idea was suggested in order to use the free access to electricity with the Supercharger network. Technically, if someone is able to draw power from the Tesla to power those mining systems, which is what this owner is claiming though it’s not clear how he is drawing the 2.8 kW of power required from battery, they could only use free energy if their Tesla falls under the unlimited free Supercharging program, which represents most Model S and Model X vehicles.

Of course, that presents its own issues. Ethically, it’s not what the Supercharger network is meant to power and therefore, some might find issue with people using it to power mining rigs instead of long distance driving.

Also, it would require an increased use of the battery pack, which is not good for durability.

Finally, that rig would create a lot of heat inside the Model S. Aside for preheating your car while making a few bucks, it’s not clear what use someone would have for that heat. Aside from the free power, which again has its own drawbacks, the setup doesn’t really offer many advantages.

The whole idea is to abuse the unlimited energy in the Supercharging Program.
But this won't work anymore as Tesla has already put some limits in the so called "unlimited" plan.

So it's not that much about Tesla as about "stealing" electricity.

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December 01, 2017, 11:39:38 PM
 #7

I've seen people on youtube take old washing machine motors from junkyards and turn them into electrical generators that are much cheaper than the regenerative braking system on a tesla. I wonder if anyone is planning to put a small generator and mining rig on a bicycle or something. That could be cool although I doubt it generate much power or earn much btc.

One thing I can't ever remember seeing is windmill powered mining rigs. There could be a potential for mining crypto under circumstances where it wouldn't have high drain on electrical grids or limited natural resources like petrol.

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December 01, 2017, 11:43:19 PM
 #8

Thank you for clarifying. There is a lot of confusion on this forum because this kind of people is posting whatever they want, and the real article has been distortioned a lot.


I have seen some people stealing electricity from their neighboors, and they never knew that they were getting stolen by the guy who is living next to him.

it is kinda funny, i have a friend who is doing that, but not for mining bitcoin, in fact, he is only doing it in order to save $250 a month because of his taxes.

....

Talking about tesla, let me tell you that there are some people mining with solar panels too, there is nothing new with that at all.

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cl37007
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December 02, 2017, 12:11:18 AM
 #9

Free at the point of consumption is not the same as free, someone is paying for the power and I would suspect there is a fair use policy around power consumption and this would likely be a breach of that. The company providing the power will catch up with them eventually

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December 02, 2017, 05:18:29 AM
 #10

That raises some safety concerns since the vehicle would be getting heated up. I personally wouldn't drive a vehicle with the much heat transfer going on. It means the fellow is actually risking their life for bitcoin considering the foregoing. What if the thermal pressure cause a spark that causes the vehicle to explode while in motion? Safety should come first in our endeavors.

Aside the risk of spark and inferno. Rigging up a vehicle like that creates another problem of excessive loading and consequently higher energy consumption. Even if the vehicle runs on 100% electricity which I doubt since most hybrid brands run partly on gasoline, there still is a possibility that the extra (excess) load would contribute to extra energy consumption which makes nonsense of the 'environmental friendliness' touted as the reason for the adaptation.

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December 02, 2017, 06:01:08 AM
 #11

I do find the solution quite praise worthy but as said by Daniel Oberhaus there are certain problems in this new idea. The fact that Bitcoin mining has become more difficult as it has mined most of the coins, it needs more efficient chips now to mine Bitcoins at a faster rate. Also, the heat generated from the new model might be unstable and unmanageable if not dealt right and might cause problems to model itself. This might add cost to solve the problem. If Tesla finds out a good feasible solution to these problems then the idea of mining BTC free of charge might attract new miners to the community and solve many problems in the future.

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