Cryptocurrency

Block Is Building a Solar-Powered Bitcoin Mining Facility With Blockstream

Block and Blockstream are building a solar-powered Bitcoin-mining facility.

Block(Opens in a new window) owns Square, Cash App, Tidal, and cryptocurrency-focused Spiral(Opens in a new window) and TBD(Opens in a new window). Blockstream, meanwhile, describes(Opens in a new window) its mission as building the “crypto-financial infrastructure based on Bitcoin.” It will lead the construction of this new mining facility.

Blockstream says(Opens in a new window) that a “3.8 Megawatt (MW) Tesla Solar PV array and 12 megawatt-hours (MWh) Tesla Megapack will power the open-source, solar-powered Bitcoin mining facility at a Blockstream Mining site in the United States” that it expects to finish sometime this year.

The Bitcoin mining facility will offer “a publicly accessible dashboard showing real-time metrics of the projectʼs performance,” Blockstream says. The dashboard will feature information about how much cryptocurrency the facility has mined and how much power it’s produced to start.

Block and Blockstream say they hope the facility can “strengthen the Bitcoin network by diversifying Bitcoinʼs energy sources,” “encourage new innovations in powering zero-emission Bitcoin mining,” and “show that Bitcoin mining can fund zero-emission power infrastructure.”

The facility is expected to produce 3.8MW of solar power, Blockstream says, which the companies will use to power mining rigs capable of producing a 30 Petahash hash rate. It didn’t offer additional information about the mining equipment it plans to use in the facility.


Source By https://www.pcmag.com/news/block-is-building-a-solar-powered-bitcoin-mining-facility-with-blockstream