Tesla's Texas solar panels will soon be used to mine Bitcoin. If this is true, then the automaker can acquire this valuable cryptocurrency in a more eco-friendly way.
LONDON, ENGLAND - MAY 30: In this photo illustration, a visual representation of Bitcoin cryptocurrency is pictured on May 30, 2021 in London, England. Bitcoin is a decentralised digital currency, which has been in use since 2009.
Currently, mining digital currencies are still criticized by various environmentalist groups. This is because most of these cryptocurrencies use tons of energy supplies.
Because of this, some countries become concerned about possible power outages. On the other hand, some experts also claim that crypto mining increases the carbon footprint of humans.
But, Tesla, Blockstream, and Jack Dorsey's Block Inc. are planning to change this by using solar power.
Tesla Texas Solar Panels To Mine Bitcoin
According to CNBC's latest report, Jack Dorsey's Block Inc. and Blockstream decided to partner with Tesla.
Thanks to their new collaboration, they can take advantage of the automaker's 3.8 megawatts solar PV array and its 12 megawatt-hours Megapack.
Solar panels set up by Tesla Industries are seen at a hospital in Vieques, Puerto Rico on November 27, 2017. - The only hospital available for the 9000 Vieques residents was damaged by Hurricane Maria and had to be closed and is only attending patients in tents outside the damaged building provided by the US Army.
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"We figured, let's just prove it. Have an open dashboard so people can play along, maybe it can inform other players to participate," said Blockstream's CEO Adam Back.
The new dashboard that Back is referring to will offer real-time metrics for their upcoming clean crypto mining activity performance.
This means that Blockstream and Block Inc. will be able to track the solar energy they use and the number of Bitcoins they generate. Back added that the latest partnership with Tesla will help them create a zero-emission power infrastructure for Bitcoin mining.
Other Renewable Energy-Reliant Crypto Mining Efforts
The new partnership of Tesla with Blockstream and Block Inc. is not the only effort being made to make crypto mining more eco-friendly.
CryptoSlate reported that some blockchain miners are also trying to utilize Norway's renewable energy to mine Bitcoin. Thanks to this, they can reduce the carbon emissions created when mining cryptocurrencies.
If you want to see further details about the use of Norway's clean energy for BTC mining, you can visit this link.
Recently, Tesla Cybertruck was spotted at the automaker's Gigafactory Texas.
On the other hand, Tesla Gigafactory Shanghai recently suffered from continuous suspensions due to the citywide lockdown.
For more news updates about Tesla and its upcoming business activities, always keep your tabs open here at TechTimes.
Related Article: Tesla Officially Opens its Largest Gigafactory in Austin, Texas
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Written by: Griffin Davis
