Blockstream and Block Enlist Tesla, groundbreaking for Bitcoin Mine

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Solar slabs
  • Tesla will equip the Mine based in Texas with solar and storage technology
  • Blockstream will publish a public dashboard with data on Bitcoin mining and output output

Jack Dorsey's digital payment company Block, formerly Square, and the Bitcoin infrastructure provider Blockstream have announced a development of the partnership that they had first announced in June 2021. After using the help of Tesla, they laid the foundation for a solar and battery-operated Bitcoin mine.

The Bitcoin mine based in West Texas will use Solar and Storage Technology from Tesla, Blockstream Friday. The system is operated by Teslas 3.8-megawatt-solar-PV system and 12 megawatt hours megapack .

West Texas, known for its high number of annual sunny days and sufficient wind speed, has been a turntable for renewable energies in the USA developed.

According to the block stream, which will provide the mining infrastructure for the system, the mine is to be completed this year.

The combination of Tesla-Photovoltaik and Megapack battery equipment will drive the 30 Petahashes per second of mining hardware in the system with 100 % solar energy, Blockstream wrote in a blog post on Friday.

In addition, Blockstream said that it would provide regular reports on the economy of the project about a publicly accessible dashboard. The dashboard shows real -time metrics of the system's performance, including the power output and the mined bitcoins. According to the block stream, the team plans that the dashboard finally contains solar, storage performance data points and operating time metrics.

The project, which was first presented at the Bitcoin 2021 conference in Miami in June, is a $ 12 million initiative. Block said in June that it would invest $ 5 million in the mining plant as part of its more comprehensive goal of achieving CO2 neutrality by 2030. ”

The project will serve as a continuous, transparent case study that allows us all to learn the specific unit economy of Bitcoin mining for clean energy, ”said Neil Jorgensen, global ESG manager at Block, in June 2021 We can hardly wait, " share. "

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The article Blockstream and Block Enlist Tesla, Break Ground on Bitcoin Mine is not a financial advice.