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#Crypto currency traders and analysts #Tyler #Swope, a mining profits by #Ethereum the #Tesla has announced that it wants to achieve.
In a new YouTube video, Swope discusses whether it is possible to make a profit by placing mining rig on the back of a Tesla and using free electricity offered to some Tesla owners. Swope explores Tesla's electrical efficiency statistics and adds them to Minerstat.com to calculate the amount that can be earned in mining Ethereum with free electricity. It goes up to $ 76 a day, $ 532 a week, and $ 2,281 a month. Swope uses the following expressions:
“Not bad because if everything stays the same, including the hash rate and the price of Ethereum, that's over $ 27,000 for a year. However, if Ethereum goes up, you will make more profit in USD, but you should take into account the cost of the machines.
The analyst then compares this to the upfront cost of four A10 Pro GPU Ethereum miners:
“The cheapest price you pay for an A10 Pro is $ 4,500. So four of these will cost you about $ 18,000, which is a huge upfront cost. But you must also remember that you need to find a transferable Tesla with unlimited supercharging. "
Swope states that it's possible to buy a functional used Tesla for about $ 12,000. This means an initial investment of around $ 30,000, along with the four A10 Pluses; This means that the investment could pay off in just over a year, compared to a theoretical annual income of $ 27,000.
Referring to a Vice article exploring probability, Swope says this is definitely a theoretical possibility.
“I don't recommend this in any way. It will probably void your warranties, you could probably blow your car and battery, so don't do it. This is just a feasibility look at the available possibilities. ”