Blockstream and Tesla to build solar-powered BTC facility
The facility at the Blockstream site in Texas will be completed by the end of 2022
Blockstream has announced a partnership with Tesla to build a solar-powered bitcoin mining facility to be completed by the end of 2022.
A 3.8-Megawatt (MW) Tesla Solar PV array and 12 megawatt-hours (MWh) Tesla Megapack will power an open-source, solar-powered Bitcoin mining facility at a Blockstream Mining site in Texas.
Adam Back, CEO and co-founder at Blockstream, said: “This is a step to proving our thesis that Bitcoin mining can fund zero-emission power infrastructure and build economic growth for the future.”
The Blockstream team said that, the combination of Tesla photovoltaics and Megapack battery equipment will drive the 30 Petahashes per second of mining hardware at the facility with 100% solar energy.
“Blockstream is providing the mining infrastructure and expertise to build and oversee the project, with the Bitcoin mining facility aiming to be completed later this year,” the team said.
The public performance dashboard
Blockstream said it will provide regular reports on the economics of the project, as a publicly accessible dashboard will display accurate real-time metrics of the facility’s performance, such as power output and bitcoin mined.
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A later version of the dashboard will also include solar, storage performance data points, and uptime metrics.
“The dashboard aims to be available 24/7 from any browser, providing the industry with a real-world, real-time case study of a zero-emission energy Bitcoin mine,” said the company.
The company is already working with Aker and Jack Dorsey’s financial service company Block, Inc. to implementalternative and renewable energy Bitcoin mining and also launched Blockstream Energy to maximize ROI for energy producers and enable renewable energy generation facilities to be located in optimal locations.
“By collaborating on this full-stack, 100% solar-powered Bitcoin mining project with Blockstream, using solar and storage technology from Tesla, we aim to further accelerate Bitcoinʼs synergy with renewables,” said Neil Jorgensen, Global ESG Lead at Block and Project Lead for Blockʼs Bitcoin Clean Energy Initiative.
Blockstream did not immediately respond to a request for comment.