Tesla to Power Bitcoin Mining Facility

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.Tesla has joined forces with Blockstream and blocks to mine Bitcoin with solar power

Blocksteam CEO Adam Back told the outlet that the $12 million project is supposed to prove that Bitcoin mining is capable of funding zero-emission power infrastructure.

His company also believes that the facility with be able to bolster the network by adding new energy sources to the mix. The mining operation will be powered by Tesla's 3.8 megawatts solar photovoltaic energy facility and the company-s rechargeable battery storage system called Megapack, which is capable of storing 2 megawatt-hours .

The mining facility is expected to go live in a few months. The pilot crypto mining operation will only be able to deliver 30 petahash/second in computing power.

 

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