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Daymak, a Canadian maker of light electric vehicles, has developed an electric vehicle that can mine Bitcoin and other cryptocurrencies while parked.
Daymak, a Canadian maker of light electric vehicles, has unveiled a future electric vehicle that can mine Bitcoin, Ethereum, and Doge while charging or parked.
According to the company’s June 1 statement, the “Spiritus” electric vehicle will be available in 2023 and will be equipped with “an industry-leading GPU in mining price-to-profit.” However, information on the particular capabilities of the mining gear is limited.
“Daymak Spiritus the first car in history with mining hardware and cryptocurrency technology programmed into the user interface,” the announcement stated.
Every Spiritus will be an “environmentally-friendly crypto miner node,” that includes the Daymak Nebular mining hardware, the Nebular crypto wallet, and solar charging capabilities. Daymak has touted that, unlike other vehicles, the Spiritus will not be a depreciating asset:
“Whereas most vehicles are depreciating while they sit in your garage, the Nebula Miner will make you money while your Spiritus is parked.”
Regardless of the technological marvel, mining multiple cryptocurrencies in the type of small scale consumer setup that is likely to be installed in a car may be uneconomical (or at least not extremely lucrative).
The “Documenting Bitcoin” Twitter account found the funny side of applying renewable energy-backed crypto mining to a car, telling their 435,200 followers that this is “pointless, but incredible.”
This is pointless, but incredible at the same time. pic.twitter.com/mRkYvNtjx5
— Documenting Bitcoin 📄 (@DocumentingBTC) June 1, 2021
The company also claims that the Nebula Wallet app will support “Bitcoin, Ethereum, Doge, Cardano, and more,” and that it will support “Bitcoin, Ethereum, Doge, Cardano, and more.”
Daymak is already accepting pre-orders for the automobile and takes cryptocurrency payments in Doge, Ethereum, Cardano, and Bitcoin, as well as “working with a variety of exchanges to offer leasing payments via crypto.”
The Spiritus is available in two trim levels: “deluxe” ($19,995) and “ultimate” ($149,000). The versions appear to differ solely in terms of driving performance, such as max speed and battery life, as well as optional amenities like as wireless charging and bespoke paint – not in terms of mining hardware capabilities.
This is not the first time a vehicle has been outfitted with crypto mining technology; in January, crypto enthusiast Simon Bryne placed a portable mining rig in his BMW i8 hybrid vehicle. Bryne’s automobile was predicted to make $122,000 in profit per year at the time.
“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,” stated Aldo Baiocchi, President of Daymak.