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WHY THIS MATTERS IN BRIEF

Why can’t a car make you money instead of costing you money? And other great questions …

 

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Most of us would love a free car. And even more of us would love a car that makes us money, and while there are an increasingly odd number of ways to make money – including making it with your mind courtesy of Microsoft – so far the only thing that cars and vehicles in general do is drain our wallets and bank accounts. But now that’s about to change.

 

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While the auto industry is still working on perfecting self-driving cars one marque is high tailing it toward what they call “Self-Mining Cars.” Canadian outfit Daymak has just announced it’s building the world’s first car that can mine cryptocurrency because, after all, when you really think about it future vehicles are literally just internet connected computers with wheels and seats attached.

The new electric vehicle, dubbed the Spiritus, will be equipped with high-tech mining hardware and blockchain technology that will allow it to mine all kinds of crypto, from Bitcoin to Dogecoin, while it’s charging.

 

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For those unversed in crypto lingo, mining is a way of earning cryptocurrencies by solving cryptographic equations and algorithms through computers. You can mine via any computer, including the one onboard this pioneering ride.

 

Money makers on wheels

 

The Spiritus will include a GPU, a processor, that supports a patent-pending system known as the Daymak Nebula. The Nebula comprises a miner that collects the coins and a digital wallet that stores them for future use. Naturally, there’s also an app that displays all the crypto info on your smartphone.

 

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“We envision a future where your highway tolls, your parking and your drive-thru order will be paid directly on the fly with crypto [that your car mines]. Your online bills and your banking can be handled through the same software platform paid in crypto,” Daymak president Aldo Baiocchi said in a statement. “And whereas most vehicles are depreciating while they sit in your garage, the Nebula Miner will make you money while your Spiritus is parked.”

According to the automaker, the emissions-free daily driver is also fitted with solar panels, which means the mining could be carried out using renewable energy rather than traditional fossil fuels. Recently, there has been some criticism regarding the environmental cost of mining crypto, but using solar power negates most of that issue.

 

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As for the car itself, it has a decidedly futuristic aesthetic with sleek lines and a sculpted rear end. Though it only has three wheels, it’s certainly no slouch. The range-topping “Ultimate” model features an 80 kWh battery that delivers up to 150 hp. Daymak says this allows the svelte two-seater to go from zero to 60 in a breakneck 1.8 seconds and reach a top speed in excess of 130 mph. The company also claims the car can cover some 300 miles and charge in under two hours.

The Spiritus is the fifth model in Daymak’s Avvenire Series. This line-up includes everything from e-bikes to electric flying vehicles and has already garnered more than $350 million in pre-orders in less than two months. Unsurprisingly, the Spiritus, which is expected to launch in 2023, has received more than 4,000 pre-orders so far.

 

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As for price, the base “Deluxe” model starts at around $20,000 while the luxe Carbon Fiber “Ultimate” version will set you back $149,000, but, hey, it might just pay for itself … and then some.

About author

Matthew Griffin

Matthew Griffin, described as “The Adviser behind the Advisers” and a “Young Kurzweil,” is the founder and CEO of the World Futures Forum and the 311 Institute, a global Futures and Deep Futures consultancy working between the dates of 2020 to 2070, and is an award winning futurist, and author of “Codex of the Future” series. Regularly featured in the global media, including AP, BBC, Bloomberg, CNBC, Discovery, RT, Viacom, and WIRED, Matthew’s ability to identify, track, and explain the impacts of hundreds of revolutionary emerging technologies on global culture, industry and society, is unparalleled. Recognised for the past six years as one of the world’s foremost futurists, innovation and strategy experts Matthew is an international speaker who helps governments, investors, multi-nationals and regulators around the world envision, build and lead an inclusive, sustainable future. A rare talent Matthew’s recent work includes mentoring Lunar XPrize teams, re-envisioning global education and training with the G20, and helping the world’s largest organisations envision and ideate the future of their products and services, industries, and countries. Matthew's clients include three Prime Ministers and several governments, including the G7, Accenture, Aon, Bain & Co, BCG, Credit Suisse, Dell EMC, Dentons, Deloitte, E&Y, GEMS, Huawei, JPMorgan Chase, KPMG, Lego, McKinsey, PWC, Qualcomm, SAP, Samsung, Sopra Steria, T-Mobile, and many more.

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