Contributing to the gearing of the bull in 2021 Tesla a new bitcoin It fell like a bomb on the agenda with his move.
CNBC recently announced the formation of a partnership between Block, Blockstream, and Tesla to mine Bitcoin in Texas.
Accordingly, Blockstream and Block (formerly Square) are laying the groundwork for a solar and battery-powered Bitcoin mine in Texas using Tesla’s solar and storage technology.
Blockstream co-founder and CEO Adam Back told CNBC on break from the Bitcoin 2022 conference.
Stating that the mine in question will run on 100% renewable energy, Back added;
“People like to discuss about the different factors (energy) associated with Bitcoin mining. We decided to prove it. We will have a clear indication for this so that other players are informed to join the game.”
The data in the mining facility will be public, so people will be able to measure energy consumption and the performance of the project live.
“This is a step towards proving our thesis that bitcoin mining can finance zero-emissions power infrastructure and generate economic growth for the future.”
speaking to CNBC
Block manager Neil Jorgensen said;
“By collaborating with Blockstream on a 100% solar bitcoin mining project using Tesla’s solar and storage technology, we aim to further accelerate Bitcoin’s synergy with renewable energy.”
After the news was heard, Bitcoin was again at the $44,000 limit.
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Tesla, Block, and Blockstream at solar power plants in Texas #Bitcoin come together to do mining. -CNBC
— Bitcoin System (@bitcoinsystem) April 8, 2022