Electric vehiclesEnergy

In its spare time, this electric vehicle mines cryptocurrency

Daymak, a Toronto-centred personal LEV (light electric vehicle) manufacturer, is planning to release a cryptocurrency-mining vehicle that will allow users to earn money when plugged in, parked, or charging wirelessly.

According to Daymak’s website, the Spiritus is a 3-wheeled all-electric car that can seat two adults and is targeted at becoming a daily commuter “built with the track in mind.” The Spiritus Deluxe’s base model boasts a top speed of more than 85 mph, a 0 to 60 time of 6.9 seconds, as well as a range of abouts 180 miles. The Spiritus Ultimate is an improved sport model with a top speed of more than 130 mph, a range of about 300 miles and, a 0 to 60 time of 1.8 seconds.

“I believe [cryptocurrency] will replace banks and transactions in the future,” Aldo Baiocchi, president and creator of Daymak, informed Yahoo Finance Live. “It seemed only natural [to include crypto mining capabilities] because the car comes equipped with computers, and most autos, as you know, depreciate.”

Deliveries are expected to begin in 2023, with recommended retail prices of $149,000 and $19,995 for the Ultimate and Deluxe, respectively. The Spiritus Deluxe is also available for pre-order for $18,495. The Spiritus mines cryptocurrency using Daymak Nebula, the world’s only comprehensive cryptocurrency suite for the electric vehicles. The car’s dashboard, which is now limited to Spiritus orders, will allow users to monitor, transmit, and receive cryptocurrency while on the go. The Nebula Miner will mine Bitcoin (BTC-USD), Doge (DOGE-USD), Ethereum (ETH-USD), and other cryptocurrencies whether parked plugged in or charging wirelessly.

According to Baiocchi, the Spiritus’ crypto capabilities may offset its very own monthly lease cost, or even owners could simply use the money to satisfy their daily coffee needs. “You drive for around an hour a day, on average.” So, our automobile will make money for you for 23 hours a day — it could be anything from $5 to $12 [per day] depending on the crypto prices,” Baiocchi explained.

Daymak has sold approximately 100,000 electric cars, mainly mobility scooters, electric bikes, and ATVs, according to Baiocchi. The business launched a Daymak Avvenire series of six items (of which the Spiritus is one) in March, with production expected to begin in 2022. Between retail and distribution letters of intent, Daymak has received over $900 million in orders, according to Baiocchi.

Daymak’s long-term goals, according to Baiocchi, are to leverage its patented proprietary Ondata wireless charging technology and its cryptocurrency innovations. Ondata, according to Daymak, is ” smaller, more efficient, and less expensive than alternative wireless charging technologies now available on the market.”

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