Despite the fall in the price of bitcoin, investments continue to undermine the precious digital currency. The proof with this huge photovoltaic installation for which Tesla has just delivered 4 Megapacks of batteries.
Located in Texas, the installation, which we have already told you about, is the result of a partnership between Tesla, Blockstream and the company of the founder of Twitter, blocks, specializing in payments. It aims for a computing capacity of 30 Petahashes per second; those uninitiated in the operation of bitcoin mining will simply remember that it is a huge mining capacity.
The oldest power plant in the world is used to … mine bitcoins
Greening the image of cryptocurrency?
To achieve these results, the electrical installation will be powered by a farm of photovoltaic panels with a power of 3.8 MW coupled with a storage capacity of 12 MWh through the batteries provided by Tesla.
These investments aim to improve the environmental cost of Bitcoin, which has been widely criticized for years because of its enormous electricity consumption. The Bitcoin ecosystem today seeks to green the image of cryptocurrency by relying on facilities that run solely on renewable energy.
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Elon Musk has a strong interest in Bitcoin
We know that Elon Musk, the boss of Tesla, is very interested in Bitcoin. At the beginning of 2021, he made a huge investment by buying with his company for the equivalent of one and a half billion dollars worth of bitcoins. He had also allowed customers to buy his electric cars in bitcoins before changing his mind. The company explained that the ecological cost of Bitcoin is questionable given the increasing use of fossil fuels in Bitcoin’s energy mix…
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Sources: Electrek, Blockstream