Tesla, Block and Blockstream launch Green Bitcoin (BTC) mining farm in Texas

Green bitcoin (BTC) mining in Texas

The information was validated by CNBC, on the sidelines of the conference Bitcoin 2022 in Miami. The American company Blockstream And the society To block by Jack Dorsey, formerly known as Square, announce plans for Bitcoin (BTC) Mining Farm in Texas.

Important feature, it will only be powered by solar energy and batteries. Its installation will be supported by the American company Teslawhich is expected to supply 3.8 megawatt photovoltaic panels and 12 megawatt-hour batteries.

Interviewed by CNBC at the Miami event, Blockstream co-founder and CEO Adam Back famous cryptographer and member of the cypherpunkprovided more information on this project:

“People like to discuss the different factors to consider when mining bitcoins. We told ourselves we had to prove it. We provide an open dashboard for people to play and perhaps this will inspire other players to participate. “

All information on the performance of the mining rig it will be accessible to the public in real time : energy production, total number of bitcoins mined, and even statistics on solar energy and storage. Adam Black also explained that this was going to be designed to be a proof of concept (PoC) for Bitcoin mining with 100% renewable energy:

“This is a step to prove our thesis that bitcoin mining can finance zero-emission electricity infrastructure and build economic growth for the future. “

Currently, we don’t know the size yet and the energy performance of the plant, nor the mining capacity it will be equipped with.

👉 Everything you need to know about Bitcoin (BTC) mining.

Musk’s mission to make Bitcoin greener

It is no longer a surprise, Elon Musk is a fervent defender of the environment and renewable energy. Last May, had strongly criticized the environmental impact of mining by Proof-Of-Work (PoW), while announcing that Tesla would no longer accept payments in BTC.

Since then, Tesla’s CEO works to support Bitcoin miners in their ecological transition. Last year you organized a meeting with North American miners to get them to share their current and future strategy. use of renewable energy in your businessinviting their colleagues around the world to do the same.

Subsequently, this meeting led to the creation of the Bitcoin Mining Council, a tip from bitcoin miners“In order to promote transparency in energy consumption and accelerate sustainability initiatives around the world “.

These thoughts also led Digital marathon commit to achieving carbon neutrality for all its mining centers. The Nasdaq-listed company had announced the creation of a huge mining park in Texas, fully powered by renewable energy.

It seems that the future of renewable energies is currently being played out in Texas. And Bitcoin mining is not for nothing, quite the contrary. Settling in this area, the miners created a financial incentive around this economically unattractive region. In addition, Elon Musk recently opened his Gigafactory there, a Tesla factory of over 900,000 square meters.

👉 To go further – Elon Musk is working to make Bitcoin (BTC) mining greener.

Source: CNBC

About the author: Lilian Aliaga

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Freelance writer located between Paris and Toulouse. I want to share my passion for the world of cryptocurrencies with as many people as possible. I am also interested in technical analysis and trading.
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