Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
Blockstream and Block will open a Bitcoin mining farm in Texas to test whether this activity can be run 100% on renewable energy.
Three heavyweights of the technology industry, Tesla , Block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain. (que cotizan en la bolsa) y Blockstream are joining forces to promote the mining of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. with renewable energy.
The company focuses on Bitcoin , Blockstream and the signing of digital digital technologies are these electronic tools that have the ability to generate, store or even process data. payments, Block (anteriormente Square ), announced this Friday that they are building a new solar-powered cryptomining center powered by solar energy and driven by Tesla .
The pilot mining facility for Bitcoin will be located in Texas and will be built in the coming months. This was announced by the pioneer of cryptocurrencies and CEO of Blockstream Adam Back, during the conference ‘ Bitcoin 2022 ‘ en Miami.
“ Building things is a better solution than arguing about things. “said Back, explaining that the pilot project is intended to show that the mining of Bitcoin can finance renewable energy installations and innovation. The environment CNBC collected the statements.
Bitcoin miner the term “miner” can refer to both the person doing the mining and the device that is used to mine crypto. with 100% renewable energy
The cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. center will be powered by 3.8 megawatts of renewable solar energy, 12 megawatt-hours of battery storage and 30 petahashes (PH/s) per second of hashrate mining. According to Cointelegraph the installation will have a Megapack a powerful lithium-ion battery manufactured by Tesla which provides energy storage and support.
The Block adds that the batteries of Tesla will be used to power the mining farm operations at night and during times of lower sunlight intensity. According to reports, the firms Blockstream y Block Jack Dorsey’s company, have invested a total of $12 million to fund the project. The expense is split evenly between the two companies.
Dorsey, who is also the founder of Twitter and a vigorous advocate for Bitcoin , had previewed the project plans in June last year. The company said that it would be a proof of concept for a mine of Bitcoin powered by 100% renewable energy.
“ We are committed to driving greater adoption and efficiency of renewable energy within the ecosystem. Bitcoin so we have partnered with Blockstream to launch an open source renewable energy mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. project. “wrote the official Twitter account an account is essentially a whose purpose is to track the financial activities of a specific asset/ of Block at the time. In his presentation this Friday, Black confirmed this intention:
This is a step towards proving our thesis that Bitcoin mining can fund a zero-emissions energy infrastructure and generate economic growth for the future.
Publicly available data
In addition to the construction of the physical facility, both companies have also committed to reporting on the project’s economics and energy expenditure. A public dashboard will record periodic metrics from the mining farm, including the amount of Bitcoin extracted, storage yield, total uptime, energy costs and return on investment.
This data is intended to generate a ” more informed discussion”. on the mining of Bitcoin and the environmental impact of this activity, an issue that has been at the centre of recent debates.
“ When people publish just analyst reports, articles, blog posts and data, everyone gets suspicious. But if we publish the raw data, the raw financial information, I think it speaks for itself.” Back said at the event. .
- Blockstream launches “Blockstream Energy” service to link renewable energy producers with Bitcoin mining
- Square has no plans for upcoming Bitcoin purchases, says carbon footprint must be addressed
- Elon Musk and Michael Saylor announce the creation of the Bitcoin Mining Council to promote the use of renewable energy.
Article by Hannah Estefania Perez / DiarioBitcoin
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