{"id":3240,"date":"2022-04-09T06:17:35","date_gmt":"2022-04-09T06:17:35","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=3240"},"modified":"2022-04-09T06:17:35","modified_gmt":"2022-04-09T06:17:35","slug":"block-blockstream-and-tesla-collaborate-for-green-bitcoin-mining-facility","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=3240","title":{"rendered":"Block, Blockstream and Tesla collaborate for green Bitcoin mining facility"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n   <\/p>\n<p>Blockstream and Block, formerly known as Square, have announced plans to start mining Bitcoin in Texas using solar-powered technology created by Tesla.<\/p>\n<p>According to a press release issued by the firms, the Bitcoin mining facility is expected to be completed before the end of this year.<\/p>\n<p>Per CNBC, the co-founder of Blockstream, Adam Back, said the facility would be built to prove that Bitcoin mining can be carried out on a large scale with renewable energy.<\/p>\n<p>He added that the facility would have a dashboard that would allow people to monitor the real-time performance of the project. Members of the public would be able to watch the power output and the total number of bitcoin mined using the facility.<\/p>\n<p>This recent development results from the collaboration Blockstream and Block entered into in June 2021. Then, both parties revealed their intentions to create a mining facility situated in the United States.<\/p>\n<h2>The facility features<\/h2>\n<p>The said facility would be powered by 3.8-megawatt Solar panels and 12 megawatt-hour Megapack to be provided by Tesla.<\/p>\n<p>The announcement explicitly stated that \u201cthe combination of Tesla photovoltaics and Megapack battery equipment will drive the 30 Petahashes per second of mining hardware at the facility with 100% solar energy.\u201d<\/p>\n<h2>Bitcoin mining goes green<\/h2>\n<p>Bitcoin miners are increasingly using renewable energy sources to mine the digital asset, thereby helping to cancel the notion that the process is causing more harm to the environment.<\/p>\n<p>The moves by a throng of this firm corroborate an earlier <i>CryptoSlate<\/i> report that stated that the percentage of the global Bitcoin mining industry deploying renewable resources to mine Bitcoin has increased from 1% to a notable 58.5%.<\/p>\n<h2>Will this spur Tesla to accept Bitcoin again?\u00a0<\/h2>\n<p>Popular electric car maker, Tesla, made the crypto airwaves last year when it announced that it was purchasing $1.5 billion worth of the digital asset. Not only that, the company went on to temporarily accept the flagship asset as a payment method for its vehicles.<\/p>\n<p>However, that move was short-lived as the company cited the environmental concerns as to why it had to discontinue accepting Bitcoin.<\/p>\n<p>But with the firm now partnering with other pro-crypto firms to mine Bitcoin with renewable energy, this might spur the Elon Musk-led company to accept the asset again.<\/p>\n<h2>Get an Edge on the Crypto Market \ud83d\udc47<\/h2>\n<p>Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.<\/p>\n<p>  <strong>On-chain analysis<\/strong><\/p>\n<p>  <strong>Price snapshots<\/strong><\/p>\n<p>  <strong>More context<\/strong><\/p>\n<p> Join now for $19\/month Explore all benefits<br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/block-blockstream-and-tesla-collaborate-for-green-bitcoin-mining-facility\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blockstream and Block, formerly known as Square, have announced plans to start mining Bitcoin in Texas using solar-powered technology created by Tesla. According to a press release issued by the firms, the Bitcoin mining facility is expected to be completed before the end of this year. Per CNBC, the co-founder of Blockstream, Adam Back, said [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3241,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-3240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/3240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3240"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/3240\/revisions"}],"predecessor-version":[{"id":3242,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/3240\/revisions\/3242"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/3241"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}