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Jafrin Ahmed
Apr 9, 2022
by Jafrin Ahmed

Tesla, Block and Blockstream to Mine Bitcoin Using Solar Power

Block blockstream Tesla
Jack Dorsey’s Block and Blockstream, a company that makes Bitcoin infrastructure is partnering with the electric car manufacturing giant Tesla to mine Bitcoin (BTC) using solar power in Texas. Tesla’s 3.8 megawatts solar PV array and 12 megawatt-hours Megapack will power the mining facility.

Solar-Powered Bitcoin Mining

The West Texas-based bitcoin mine will use solar and storage technology from Tesla, Blockstream announced Friday.

Dorsey's Block initially hinted at the deal in June last year when it announced it would invest $5 million in a solar-powered mine built in partnership with Blockstream.

The solar mining operation will use Tesla photovoltaics and Megapack battery equipment to run entirely on renewable energy. The 3.8 megawatts (MW) Tesla solar array and 12 megawatt-hours (MWh) battery will generate 30 petahashes per second of mining power.

Reportedly, the data about the mine, including its energy consumption and hash rate, will be publicly available in a dashboard. A later version of the dashboard will also include solar and storage performance data points.

Elon Musk Wants Bitcoin But Not Its Fossil Fuels

In May 2021, Elon Musk announced that Tesla would stop accepting Bitcoin for its electric cars owing to the flagship cryptocurrency’s intensive energy consumption after accepting it for only three months.

Musk then announced that the company would resume accepting BTC if the miners will use at least 50% of renewable energy. While the metric was achieved later the same year, Tesla has not resumed taking Bitcoin payments. Instead, it has started accepting Dogecoin, which works on a similar PoW algorithm for its merch.

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Tesla, Block and Blockstream to Mine Bitcoin Using Solar Power
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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