THE Tesla Solar Panels to ‘Create Bitcoin’ The experiment begins in Texas, where the first mining farm is located that is (also) powered by egg panels powerwall from Elon Musk’s company. The company behind the project is called blockstreamand is the first to boast an official partnership with Tesla.
More and more companies in the sector have turned to renewable energy – or even nuclear power plants – to generate cryptocurrencies, attempting to self-regulate mining activity and responding to criticisms of electricity consumption associated with the protocol. Proof of Workthe one behind the functioning of the Bitcoin and (for now) Ethereum blockchain.
The plan was financed with a crowdfunding of 40 million dollars, partly raised through an ICO (i.e. with the issuance of a token). Tesla has already delivered the first four Megapacks.
Megapacks have landed, repeat Megapacks have landed!
The @Blockstream @blocks and @Tesla 100% renewable zero emissions #BitcoinMining facility has just started. #Bitcoin pic.twitter.com/5hMj6F8yT4
– Blockstream (@Blockstream) May 18, 2022
The Texas mining farm will be powered by a large number of solar panels (3.8 MW) and a 12 MWh megapack Blocks (formerly Square), Jack Dorsey’s company, is also collaborating on the project. It is one of the most ambitious initiatives to create a mining company that is powered by renewable energy and therefore has zero emissions on paper. Will it be enough to defeat the trepidation of public opinion and in particular of governments and environmentalists?
Source: Lega Nerd
