Block Is Building a Solar-Powered Bitcoin Mining Facility With Blockstream
Block and Blockstream have revealed their plans to build a solar-powered Bitcoin mining facility.
Block is the parent company of Square, Cash App, and Tidal as well as the cryptocurrency-focused Spiral and TBD. Blockstream, meanwhile, describes its mission as building the "crypto-financial infrastructure based on Bitcoin." It will lead the construction of this new mining facility.
Blockstream says that a "3.8 Megawatt (MW) Tesla Solar PV array and 12 megawatt-hours (MWh) Tesla Megapack will power the open-source, solar-powered Bitcoin mining facility at a Blockstream Mining site in the United States" that it expects to finish sometime this year.
The company says the Bitcoin mining facility will offer "a publicly accessible dashboard showing real-time metrics of the projectʼs performance." The dashboard will feature information about how much cryptocurrency the facility has mined and how much power it's produced to start.
Block and Blockstream say they hope the facility can "strengthen the Bitcoin network by diversifying Bitcoinʼs energy sources," "encourage new innovations in powering zero-emission Bitcoin mining," and "show that Bitcoin mining can fund zero-emission power infrastructure."
The facility is expected to produce 3.8 MW of solar power, Blockstream says, which the companies will use to power mining rigs capable of producing a 30 Petahash hash rate. It didn't offer additional information about the mining equipment it plans to use in the facility.
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