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[size=32][rtl]Cryptocurrency miners are turning to solar energy[/rtl]
April 10, 2022
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New York (AFP) - US technology firms Block and Blockstream are preparing to launch a bitcoin mining hub. In June, it will run entirely on solar energy, in a new effort to reduce the cost of coin mining encrypted and making the process more environmentally friendly.
Blockstream CEO Adam Buck told AFP that the electronic payment group "Block" that is Previously known as Square, the blockchain company, Blockstream, invested $6 million in the project. The leader who is expected to produce about 0.1 BTC per day.
Blockstream revealed that the center will be located in West Texas and will be equipped with solar panels and batteries from the company Tesla.
"A lot of people talked about this theory, and we thought we should try it in practice," Buck added. So we have actual data that people can view, use, and rely on.”
He pointed out that "the goal is to prove that "mining" can help finance facilities" for renewable energy More than just bitcoin mining.
According to Buck, the logic is for the bitcoin mining center to use the excess power from renewable power generation facilities, While the main part of the electricity is allocated for household consumption.
Bitcoin mining requires a series of complex computing processes that require a large amount of electricity.
Buck said that the two partners in the project are considering increasing its size about 100 times if experiments prove that Glory
And this isn't the first mining project that relies entirely on renewable energy.
In El Salvador, where Bitcoin is currently an official currency, mining depends on a geothermal power plant across the world Surrounding volcanoes.
Last year, dozens of companies united under the umbrella of the cryptocurrency climate agreement and pledged to achieve carbon neutrality by 2020. 2030.
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