A car that mines cryptocurrencies
AN electric car that can mine cryptocurrencies. The idea is intriguing.
The company behind it is a Canadian brand, Daymak Avvenire, which wants to produce a car that will mine cryptocurrencies like bitcoin, ethereum or even dogecoin.
Integrated into its threewheel car model (two wheels in the front, one in the back), the Avvenire Spiritus will be the new technology produced by the brand Nebula Miner.
However, this technology has not yet been patented, and Daymak has not yet produced any car, although it has shown a prototype.
At this time, pre-orders for these cars, which the company indicates will launch in 2023, have already reached Us$350mil (Rm1.5bil). Obviously, the company accepts payment for its vehicles in cryptocurrencies.
Daymak’s president, Aldo Baiocchi stated confidently, “While every other car sits depreciating in the garage, Spiritus owners will have a vehicle that has the potential to pay for itself while it’s parked.”
The Nebula wallet will be linked to the car and will allow people to collect, store or carry out transactions with the cryptocurrencies mined through their car.
That said, it’s normal to have some questions about the project or even reservations.
First of all, bitcoin – the most profitable cryptocurrency – is becoming increasingly difficult to mine.
And by 2024, a new “halving” is expected to take place.
When bitcoin is mined, the miner receives a set number as a reward for his or her work.
Except that there is a maximum of 21 million bitcoins, so every four years the reward is halved.
For example, in 2012, a block created allowed 25 bitcoins to be obtained. Starting last year, only 6.25 bitcoins could be collected.
Not only that, but buying hardware capable of mining over several years (like a car, for instance) remains highly unlikely.
The chips for mining need to be changed regularly to avoid becoming obsolete. The car would need to be constantly connected to the Internet to function.
For a car not yet manufactured, questions abound about the viability of the concept.
After all, it’s tempting to think that our car could help us earn money without doing anything although many remain sceptical. Check back in 2023. – AFP Relaxnews