Using renewable energy to dig bitcoin is the idea of a new project led by Tesla, Block (formerly Square) and Blockstream, which will put zero production infrastructure in Texas.
Bitcoin and all secret currencies have a bad reputation for using too much energy when they need to be reduced to avoid deteriorating climate change. And unfortunately, the necessary calculations for the crypto mining process will become increasingly difficult: therefore it always needs more energy. Bad circle…
Know for my bitcoin
Since it is clear that it is impossible to get rid of hidden money altogether, one possible solution is to use renewable energy. Tesla, Block and Blockstream have therefore announced the construction of a bitcoin mine in West Texas. The U.S. state, which is very open to the crypto industry, benefits from better conditions: more sun, more wind.
Mining infrastructure will take its energy from the solar plant set by Tesla, which generates 3.8 megawatts of energy. The Megapack, a large battery type, will be installed by Tesla along with panels to store all of this electricity. The main idea is to show that it is possible to create a bitcoin mine using only renewable energy.
And to prove that, the installation will put online a dashboard that is visible to all, which will provide real-time information on the potential of the mine: performance, energy consumption, total number of bitcoins mined. The second version will show the performance of solar panels with Megapack. This will provide ideas for anyone who would like to start a zero mining activity in Texas…
If the project achieves its original goals, the mine will expand and can be powered by wind power. Adding wind to the energy mix will make it possible to compensate when the sun is not present, or not enough.