Blockstream and Block to harness solar for bitcoin mining facility

,
Blockstream and Block to harness solar for bitcoin mining facility

Block (formerly Square) and Blockstream (a long-time Bitcoin company) have agreed to co-finance a pilot project to mine bitcoin off the electric grid in an all-solar facility.

Why it matters: The energy overhead of Bitcoin has become hotly controversial, but some bitcoiners argue the technology can help finance further development of renewable energy.

Click here to read the full article
Source: AXIOS

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

/0 Comments/by
You might also like
Developers plan to add 54.5 GW of new utility-scale electric-generating capacity to the US power grid in 2023. The 54% will be solar power.More than half of new US electric-generating capacity in 2023 will be solar
At the end of 2021, the US had 1,144 gigawatts of utility-scale electricity generation capacity.There’s a mind-bending amount of solar in the US pipeline
For the six-month period, solar was 5.77% of total U.S. electrical generation. A year earlier, solar’s share was 4.95%.Solar continues march to top renewable electricity source in the United States
Burundi installed 340 kW of energy capacity in 2023, the UNDP told pv magazine, adding that the country could increase this in 2024.Solar key to easing Burundi’s severe energy crisis
Tiger Brands says onsite renewable energy solutions will be installed at 35 manufacturing sites across South Africa by 2030.Southern Africa’s largest food manufacturer will install solar at its manufacturing sites
The photovoltaic and steel industries can work together to meet climate targets and develop a greener manufacturing environment.Solar and green steel: A growing symbiotic relationship
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *