{"id":428686,"date":"2022-04-08T19:00:00","date_gmt":"2022-04-08T16:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/blockstream-and-block-inc-to-build-solar-bitcoin-mining-facility-powered-by-tesla-technology\/"},"modified":"2022-04-08T19:00:00","modified_gmt":"2022-04-08T16:00:00","slug":"blockstream-and-block-inc-to-build-solar-bitcoin-mining-facility-powered-by-tesla-technology","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/blockstream-and-block-inc-to-build-solar-bitcoin-mining-facility-powered-by-tesla-technology\/","title":{"rendered":"# Blockstream and Block Inc to build solar Bitcoin mining facility powered by Tesla technology"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2d1385264d6\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2d1385264d6\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/blockstream-and-block-inc-to-build-solar-bitcoin-mining-facility-powered-by-tesla-technology\/#%E2%80%9D_Blockstream_and_Block_Inc_to_build_solar_Bitcoin_mining_facility_powered_by_Tesla_technology_%E2%80%9C\" >&#8221; Blockstream and Block Inc to build solar Bitcoin mining facility powered by Tesla technology &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Blockstream_and_Block_Inc_to_build_solar_Bitcoin_mining_facility_powered_by_Tesla_technology_%E2%80%9C\"><\/span>&#8221; Blockstream and Block Inc to build solar Bitcoin mining facility powered by Tesla technology &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvMzdjMjIzZjAtNjA2Yi00YWZkLTllM2MtZTcyOTcxYWJhMjRiLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>On Friday, cryptocurrency storage company Blockstream and Block Inc. (formerly Square) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.blockstream.com\/blockstream-and-block-inc-s-solar-mining-facility-now-powered-by-tesla-solar-pv-and-megapack\/\" data-amp=\"https:\/\/blog-blockstream-com.cdn.ampproject.org\/c\/s\/blog.blockstream.com\/blockstream-and-block-inc-s-solar-mining-facility-now-powered-by-tesla-solar-pv-and-megapack\/amp\/\">announced<\/a> the construction of a solar-powered Bitcoin (BTC) mining facility in Texas. As told by Blockstream, the mining site will be outfitted with 3.8 megawatts (MW) of electrical capacity using Tesla&#8217;s Solar photovoltaic cell array and a 12 MWh Megapack.<\/p>\n<p>Manufactured by Tesla Energy, Megapack is a powerful lithium-ion battery that provides energy storage and support. In context, one of the leading publicly-listed Bitcoin mining companies, Hut 8 Mining, has about 209 MW in total contracted mining capacity.\u00a0The purpose of the venture is to investigate the feasibility of operating a zero-emission energy Bitcoin mine. Blockstream and Block began collaborating on the project last June, with Block promising to invest $5 million for its construction.<\/p>\n<p>In addition to its physical construction, the teams at Blockstream and Block will build a publicly accessible dashboard to report on the project&#8217;s economics. Key metrics will include power output, the number of Bitcoin mined, storage performance, total uptime, expenses and return on investment, etc. It will be accessible 24\/7 from any browser.<\/p>\n<p>While solar Bitcoin mining is theoretically carbon-neutral, there is a great deal of controversy within the crypto community about its practicality. In June 2021, Braiins, the world&#8217;s oldest Bitcoin mining pool, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/braiins.com\/blog\/economics-bitcoin-mining-solar-energy\">published<\/a> a feasibility analysis on using solar energy to mine Bitcoin and concluded that it was not profitable, even when considering near-free electricity costs and recycling surplus energy during peak sunny hours. Braiins&#8217; chief marketing officer Kristian Csepcsar is also an outspoken critic of solar Bitcoin mining, pointing out that using traditional metrics to evaluate its &#8220;environmental friendliness&#8221; doesn&#8217;t account for variables such as the production of &#8220;brutally&#8221; harmful chemicals during the manufacturing of solar panels.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/blockstream-and-block-inc-to-build-solar-bitcoin-mining-facility-powered-by-tesla-technology\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Blockstream and Block Inc to build solar Bitcoin mining facility powered by Tesla technology &#8220; On Friday, cryptocurrency storage company Blockstream and Block Inc. (formerly Square) announced the construction of a solar-powered Bitcoin (BTC) mining facility in Texas. As told by Blockstream, the mining site will be outfitted with 3.8 megawatts (MW) of electrical&#8230;<\/p>\n","protected":false},"author":1,"featured_media":428687,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvMzdjMjIzZjAtNjA2Yi00YWZkLTllM2MtZTcyOTcxYWJhMjRiLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,74894,74863,74355,117,4965,36402],"class_list":["post-428686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-blockchain","tag-cryptocurrencies","tag-adoption","tag-business","tag-technology","tag-tesla"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/428686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=428686"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/428686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/428687"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=428686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=428686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=428686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}