Is a 3-wheeled car capable of mining cryptocurrencies an overly ambitious project?

·2-min read
A car capable of mining cryptocurrencies? That's the futuristic gambit launched by Daymak.

Daymak Avvenire, a Canadian brand with an extremely futuristic vision, is proposing a 100% electric 3-wheeled car capable of mining cryptocurrencies. The car is not yet available, but the project is already attracting interest. It has reportedly already surpassed $350 million in pre-orders.

A 100% 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 3-wheel 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 350 million dollars. 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.

A far-off reality?

That said, it's normal to have some questions about the project or even reservations. First of all, as far as Bitcoin is concerned, the most profitable cryptocurrency, it 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 work. Except that there are 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. In 2020, that would only allow 6.25 bitcoins to be obtained. 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 skeptical. Check back in 2023.

Axel Barre