Blockstream and Block Inc to build solar Bitcoin mining facility powered by Tesla technology

) mining facility in Texas. As told by Blockstream, the mining site will be outfitted with 3.8 megawatts of electrical capacity using Tesla's Solar photovoltaic cell array and 12 an MWh Megapack.

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. The 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.

In addition to its physical construction, the teams at Blockstream and Block will build a publicly accessible dashboard to report on the project's economics. Key metrics will include power output, number of Bitcoin mined, storage performance, total uptime, expenses, return on investment, etc. It will be accessible 24/7 from any browser.

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The scenario of Bitcoin going to zero does not exist anymore. BTC is playing much the same role as gold did in the early days of banking. You all should Follow Tz4hol she knows her stuff when it comes to BTC and other Cryptos, her tweet have been really helpful over the years

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If public utilities generating electric power, and can do so with alternative energy sources, why don’t they consider the pursuit of bitcoin mining as a economic development opportunity? Could this present an opportunity provide public service at a lower cost?

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