US man demonstrates how to mine cryptos with BMW i8

US man demonstrates how to mine cryptos with BMW i8

US crypto user has found a new way to mine digital currencies — with his car. The user, who owns the BMW i8 sportscar, turned his car’s trunk into a compact mining setup powered by the car’s own hybrid-electric power system.

Crypto miner uses his car to mine ETH

Mining cryptocurrencies is one of many different ways to obtain digital coins. However, it may also be one of the most complicated and expensive ways. Mining rigs tend to be expensive, require a lot of electricity and computing power, extremely powerful cooling systems, and more.

However, many have found that the reward is worth the effort. With ETH trading becoming bigger and bigger with each passing day, some have even decided to have a bit of fun with it.

One example is a US-based crypto user, Simon Byrne, who used his hybrid sportscar to create a small but powerful mining rig.

How does it all work?

As mentioned, Byrne is the owner of a BMW i8 hybrid sportscar. One day, he decided to turn his car into a mining rig, so he created a system that consists of six Nvidia RTX 3080s graphics cards, which can be used to mine Ethereum while driving.

The rig is powered by the car’s own battery, although the process can still lead to overheating, which is why the trunk needs to remain open.

The car, worth approximately $150,000 has a Nevada license plate that says “HODLER,” which is a crypto community’s term for those who do not sell their coins, but hold (HODL) them.

The sportscar is also quite popular with car enthusiasts as it can accelerate to 100 km/hr in 4.4 seconds.

As for Byrne’s reasons for installing the rig, he said he did that “just to annoy the gamers,” as the world is currently facing a massive lack of GPUs.

The post US man demonstrates how to mine cryptos with BMW i8 appeared first on Invezz.

Publication date: 
01/27/2021 - 15:57

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