Blockstream and Block to harness solar for bitcoin mining facility

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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.

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Source: AXIOS

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