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 the facility would be built to prove that Bitcoin mining can be carried out on a large scale with renewable energy.
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.
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.
The facility features
The said facility would be powered by 3.8-megawatt Solar panels
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