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Topic: Tesla Competitor to Launch First Electric Car That Mines Bitcoin and Dogecoin - page 2. (Read 265 times)

legendary
Activity: 3234
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I can only agree with others that it makes no sense to mine BTC (I'm not sure about Doge) with anything other than professional devices - and this concept with crypto mining cars is completely illogical to me from any aspect, except of course it can be used for promotional purposes. Any owner who tries to use this feature will surely give up spending his precious electricity on something that will not bring him any benefits.

Who knows whether Tesla will react and offer a similar option in its vehicles - or EM is not so stupid after all Roll Eyes
legendary
Activity: 3038
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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???

Your energy efficiency is going to be even worse than before. Just buy a miner and a car, you'll be better off that way. Trust me.
sr. member
Activity: 1624
Merit: 315
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If Daymak delivers on their promise of the mining feature and if it is cheaper than the current Tesla model, I am sure that Daymak is going to be successful and if there is a way to invest in them, I am pretty sure that your initial investment will grow.
legendary
Activity: 2492
Merit: 1215
An electric car just like Tesla but can also mine Bitcoin and Dogecoin, great! This car might become the costliest car in the electric car segment. Until I see the actual car I won't believe in the concept. There have been many competitors of Tesla in the past but none of them has been on road.

Some individual has already built something of that kind - US Man Installs Crypto Mining Rig in Hybrid BMW Sportscar.

In the first post it was mentioned that the car would mine crypto while parked. I think it will be correct to say while charging. First, it would be a silly situation when you come up to your car, and its battery is dead because it mining. Second, it will be unprofitable to mine that way. How much can a car mine during 8-10 hours of parking? Not much, compared to how much it would cost to replace battery.

But in general, mining with car sounds good for promotion and people definitely would like to try that.
hero member
Activity: 1442
Merit: 775
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.
Creative initiative and it reminds me about the merged mining. It is a far journey with many challenges along the way from idea to real products. Furthermore, from products to adoption by customers.

It is a good news to make the market getting hype but in this time when market participants are cautious with the next trend of BTC, the news will have little impacts.
hero member
Activity: 2478
Merit: 695
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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 20-year-old also says it accepts pre-order payments in several cryptocurrencies, including Cardano. The investment financing campaign for this car, which started in March, was more than $ 350 million.
The cryptocurrency infrastructure awaiting Daymak registration will be integrated into the car's user interface.
The Daymak Spiritus, which has many features, in addition to being the first electric car to add cryptocurrency mining, also aims to become the world's fastest tricycle. Its first delivery is expected to begin in 2023.
Daymak co-founder Aldo Baiocchi says his company envisions a future secured by cryptography:
"We envision a future where your highway tolls, your parking, and your drive-thru order will be paid directly on the fly with crypto. Your online bills and your banking can be handled through the same software platform paid in crypto."
According to U. Today, Tesla CEO Elon Musk has recently shown interest in recycling the heat generated by extracting cryptocurrencies.
Last month, leading electronics maker Tesla suspended Bitcoin payments due to environmental concerns and met with public outcry.

Source: https://u.today/tesla-competitor-to-launch-first-electric-car-that-mines-bitcoin-and-dogecoin

Including dogecoin! Haha, I don't think Elon will like this a bit, dogecoin is for Elon and no competition there Grin
Now this is interesting, a well deserving competition is gathering momentum in the electronic cars arena and to top it all, it mine btc unlike our good old Tesla whom I doubt can do neither,  this is great news,  Cheesy just what the btc community needed.
member
Activity: 182
Merit: 30
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 20-year-old also says it accepts pre-order payments in several cryptocurrencies, including Cardano. The investment financing campaign for this car, which started in March, was more than $ 350 million.
The cryptocurrency infrastructure awaiting Daymak registration will be integrated into the car's user interface.
The Daymak Spiritus, which has many features, in addition to being the first electric car to add cryptocurrency mining, also aims to become the world's fastest tricycle. Its first delivery is expected to begin in 2023.
Daymak co-founder Aldo Baiocchi says his company envisions a future secured by cryptography:
"We envision a future where your highway tolls, your parking, and your drive-thru order will be paid directly on the fly with crypto. Your online bills and your banking can be handled through the same software platform paid in crypto."
According to U. Today, Tesla CEO Elon Musk has recently shown interest in recycling the heat generated by extracting cryptocurrencies.
Last month, leading electronics maker Tesla suspended Bitcoin payments due to environmental concerns and met with public outcry.

Source: https://u.today/tesla-competitor-to-launch-first-electric-car-that-mines-bitcoin-and-dogecoin

The premise here is electricity is free. Sound's Italian, let's see already 0.30 $-KHW (europe), after resell to the 'charging-station' it will be $1-kwh, or more. Now Canada has cheap electricity, but not everywhere, but they already have plugs in the parking lots to keep you engine warm in the winter, so running a miner while parked, is not a new idea in Alaska, or Canada, or anywhere freezing cold in the winter. Hell the bitmain miner is a heater for the interior, besides being used  to commercially 'dry' cannabis in Canada.

There's a guy already doing this, has a whole rig (6+) RTX-3090's in his trunk, over a year ago, you can google / youtube it, I think this is a very old idea, probably as old as btc, given that you have to plug the bitch in when your not using it, I guess why not suck more power, can you imagine, say running a S19 (80THS) bitmain miner for BTC at 3,000-KWH, what the actual 'fueling' charge would be if you fact sucked the power to 'mine' btc, you know they charge more for power, cuz they can, and its how they make money, by reseller power as charging, via your credit card.

As always these types of articles say 'bitcoin' but by that they mean crypto, and most likely its a single toy GPU mining ETH Smiley Hell it would take a diesel generator to do 3,000KWH like you see on portable welding-trucks.
hero member
Activity: 2156
Merit: 803
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An electric car just like Tesla but can also mine Bitcoin and Dogecoin, great! This car might become the costliest car in the electric car segment. Until I see the actual car I won't believe in the concept. There have been many competitors of Tesla in the past but none of them has been on road.
full member
Activity: 2520
Merit: 214
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Although this implementation seems attractive at first, it is not clear to me that they will not raise the price of cars precisely because of this. For a potential buyer, the fact that he can earn money while he has the car parked is an incentive but for the company that sells it, it is also an incentive to sell it more expensively.
I think this would have a High price since electric operated like tesla , If tesla gets much attention and support then why not this one that has a potential profiteering while being used?

not like Tesla that only beneficial to use, this one is also practically beneficial .

Btw, the link appears to me in Arabic.


Yeah Maybe OP had got the wrong Link for some reason..



___________________________________________________________


OP Mind editing the Link to English translation for more relevant conversation? Thank you..



Edit: Already Edited , Thanks OP..
legendary
Activity: 2968
Merit: 3406
Crypto Swap Exchange
will be able to mine Bitcoin and Dogecoin while parked.
That's going to be one loud car while being in a parked state Cheesy
- It's not going to be a significant earning but it's at least something new and hopefully, this isn't just a marketing strategy.

According to U.
~Snipped~
I think this one should be the appropriate source instead: Link
- You can also find a bit more information from "this" link.
legendary
Activity: 1372
Merit: 2017
Although this implementation seems attractive at first, it is not clear to me that they will not raise the price of cars precisely because of this. For a potential buyer, the fact that he can earn money while he has the car parked is an incentive but for the company that sells it, it is also an incentive to sell it more expensively.

Btw, the link appears to me in Arabic.
hero member
Activity: 1778
Merit: 722
Leading Crypto Sports Betting & Casino Platform
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 20-year-old also says it accepts pre-order payments in several cryptocurrencies, including Cardano. The investment financing campaign for this car, which started in March, was more than $ 350 million.
The cryptocurrency infrastructure awaiting Daymak registration will be integrated into the car's user interface.
The Daymak Spiritus, which has many features, in addition to being the first electric car to add cryptocurrency mining, also aims to become the world's fastest tricycle. Its first delivery is expected to begin in 2023.
Daymak co-founder Aldo Baiocchi says his company envisions a future secured by cryptography:
"We envision a future where your highway tolls, your parking, and your drive-thru order will be paid directly on the fly with crypto. Your online bills and your banking can be handled through the same software platform paid in crypto."
According to U. Today, Tesla CEO Elon Musk has recently shown interest in recycling the heat generated by extracting cryptocurrencies.
Last month, leading electronics maker Tesla suspended Bitcoin payments due to environmental concerns and met with public outcry.

Source: https://u.today/tesla-competitor-to-launch-first-electric-car-that-mines-bitcoin-and-dogecoin
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