Tesla, Block and Blockstream launch Green Bitcoin (BTC) Mining Farm in Texas

Green bitcoin mining (BTC) in Texas

The information was validated by CNBC outside the conference Bitcoin 2022 in Miami. The American company Blockstream and society block of Jack Dorsey, formerly known as Square, announcing plans Bitcoin Mining Farm (BTC) in Texas.

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

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

“People like to discuss the different factors to consider when mining bitcoins. We told ourselves we had to prove it. We have an open board for people to play the game, and maybe that will inspire to other players to participate “.

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

“This is a step in proving our thesis that bitcoin mining can finance zero-emission electrical infrastructure and generate economic growth for the future.”

For now, we still don’t know the dimensions and the energy performance of the installation, nor the mining capacity with which it will be endowed.

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

Musk’s mission is to make Bitcoin greener

Unsurprisingly, Elon Musk is a staunch supporter of the environment and renewable energy. Last May, had harshly criticized the environmental impact of mining by Proof-Of-Work (PoW), while announcing that Tesla would no longer accept BTC payments.

Since then, the CEO of Tesla works to support Bitcoin miners in their ecological transition. Last year, he held a meeting with American miners to convince them to share their current and future strategy. use of renewable energy in its activitycalling on his colleagues around the world to do the same.

This meeting later 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 looks like the future of renewable energy is currently at stake in Texas. And Bitcoin mining is not for nothing, on the contrary. By settling in this area, the miners have created a financial incentive around this economically unattractive region. In addition, Elon Musk recently opened his Gigafactory, a more than 900,000-square-meter factory in Tesla.

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

Source: CNBC

About the author: Lilian Aliaga


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.
All articles by Lilian Aliaga.

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