Tesla, Block and Blockstream team up to mine bitcoin
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Tesla, Block and Blockstream team up to mine bitcoin

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Tesla, Block and Blockstream team up to mine bitcoin

Maker of electric-vehicle Tesla Inc. Payments firm Block Inc A blockchain company Blockstream Corp We will work together to mine Bitcoin using Solar power In Texas Adam Back, CEO of Blockstream, stated this on Friday.

Back said that Tesla is developing the solar power infrastructure, and also providing its Megapack batteries.

Block In June, stream and Block (previously known as Square) announced that they would collaborate to create an open-source, solar-powered Bitcoin mining facility in the United States.

Bitcoin is created by high-powered computers competing against each other to solve complex mathematical puzzles. This energy-intensive process, which currently relies heavily on fossil fuels, creates the currency.

Tesla stopped accepting bitcoin as payment for cars in May due to environmental concerns relating to bitcoin mining.

Tesla and Block didn’t immediately respond to our requests for comment.

Tesla, Block and Blockstream team up to mine bitcoin
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