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BREAKING
Al Mayadeen's correspondent in Lebanon: Israeli occupation forces carried out an explosion in the southern border town of Kfar Kila
Russian Ministry of Defense: 37 Ukrainian drones destroyed in 4 hours over regions of Russia and the Black Sea.
Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.

Crypto miners turn to solar power in Texas

  • By Al Mayadeen Net
  • Source: Agencies
  • 9 Apr 2022 09:39
2 Min Read

The US tech companies Block and Blockstream are planning to build a solar-powered Bitcoin creation center in June.

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  • In Texas, crypto miners turn to solar power
    In Texas, crypto miners turn to solar power.

In a new effort to make cryptocurrencies less expensive and more ecologically friendly, two US tech companies, Block and Blockstream, are preparing to open a 100% solar-powered Bitcoin creation facility, or mine, in June.

Block, formerly known as Square, and blockchain expert Blockstream have each committed $6 million to the trial project, which will initially produce roughly 0.1 bitcoin each day, according to Blockstream CEO Adam Back.

Blockstream stated that the facility would be located in west Texas and would be outfitted with Tesla solar panels and batteries.

"A lot of people have talked about the theory, and we thought we would try it in practice, so that we have actual data that people can look at and quote and cite," Back said. 

Read more: EU Parliament drops proposal on phasing out energy-hungry crypto

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More than simply creating bitcoins, he stated, "the idea is to demonstrate that mining can help finance infrastructure" for sustainable energy.

According to Back, the bitcoin creation facility may only utilize extra capacity from renewable energy sources, with the majority of the electricity flowing to conventional residential and business users.

Mining bitcoin necessitates a sequence of sophisticated computer calculations that consume an increasing amount of electricity.

Back stated that if the test is conclusive, the two project partners are already considering expanding the project by up to 100 times on the same site.

Read more: Change in coding could reduce bitcoin energy consumption

It is not the first cryptocurrency initiative that is powered by renewable energy.

Mining takes place at a geothermal power facility in El Salvador, where bitcoin is an official currency and uses energy from adjacent volcanoes.

Criticized for its high electricity usage, the cryptocurrency industry has seen the development of various projects in recent years to attain a more environmentally friendly model.

Last year, dozens of companies banded together under the banner of the Crypto Climate Accord to commit to carbon neutrality by 2030.

  • Texas
  • Bitcoin
  • Cryptocurrency
  • Block
  • Blockstream

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