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Friday, Aug 06, 2021

Daymak Reveals Electric Vehicle Prototype That Can Mine Crypto

Daymak Reveals Electric Vehicle Prototype That Can Mine Crypto

Toronto-based electric vehicle manufacturer, Daymak Inc, recently announced details of a prototype electric car called Spiritus. The car uses a “patent-pending Nebula platform,” which is said to be the world’s first comprehensive crypto suite for electric vehicles.

“Nebula is the world’s first comprehensive cryptocurrency suite for electric vehicles, and will allow every Spiritus car to mine and manage crypto anywhere on the planet.”

Daymak is a not a widely-known electric vehicle brand. The company’s product range seem to focus on personal light electric vehicles, such as mobility scooters.

Daymak recently hit the headlines with the announcement of by being the first to offer a car that generates income (mines crypto).

Fully Integrated with Crypto

The Spiritus is a fully electric three-wheel, two-seat vehicle that comes with a go-kart-like driving experience.

According to the manufacturer, the Spiritus will launch in 2023, but their website is taking pre-orders now at “early adopter” prices. And the checkout page indicates that buyers can also pay in crypto.

The company lists two models, the Deluxe model costing US$19,995 and the Ultimate model costing US$149,000. The Ultimate model features a 300-mile range and a 1.8 second 0-60 time, which is enough to leave behind a Lamborghini Aventador SVJ.

The range of the Spiritus falls short of Tesla’s Model S Long Range, which is said to be capable of 400 miles of range.

“The Spiritus is sleek, quiet, highly efficient, and comes in both standard and fully-loaded luxury models, that includes optional auto-pilot, solar-trickle charging, and wifi connectivity, along with much more.”

Both models will incorporate cryptocurrency mining via the proprietary Nebula technology. Owners can mine proof-of-work crypto tokens and generate income from proof-of-stake networks. A built-in wallet will store the coins.

The Daymak President, Aldo Baiocchi, imagines a scenario where the Spiritus talks to its owner, saying, “I’ve just deposited cash and Dogecoin in your wallet.”

“Through what we are building, imagine Spiritus owners greeted by their cars telling them ‘I have just deposited $10 cash and 20 doge coins in your Nebula wallet – have a nice day!

Baiocchi also points out that while cars cost money to run and typically lose money through depreciation, the Spiritus can potentially pay for itself.

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.”

How Much Can The Owners Earn?

Earning money from mining proof-of-work cryptocurrencies depends on the mining rig’s hashing efficiency and the cost of electricity used.

It is a very competitive industry where turning a profit can be challenging, especially in the case of ASIC networks such as Bitcoin. So, how much money can a Spiritus car generate?

Daymak has set up a live 24-hour feed of the prototype’s crypto mining results to answer the question.

At the time of writing, the live running total was cut, but at last view, it was showing an amount of around $30 generated since going live on June 29.

Source: Daymak Reveals Electric Vehicle Prototype That Can Mine Crypto – Fintechs.fi

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