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Al Mayadeen's correspondent reports martyrs, injuries in Israeli bombardment of home in Heker al-Jame area in Deir al-Balah, central Gaza.
Al-Quds Governorate: Today, the spatial division of Al-Aqsa Mosque began in a public and dangerous manner, and we warn of a religious war in the region
The Ministry of Health in Gaza: This brings the total number of victims of famine and malnutrition to 175, including 93 children
The Ministry of Health in Gaza: Gaza's hospitals recorded six deaths due to starvation and malnutrition in the past 24 hours, all of them adults
Informed sources to Al Mayadeen: A new chapter in relations between Iran and the International Atomic Energy Agency will begin within the framework of the new law passed by Parliament
Informed sources to Al Mayadeen: The talks will focus on the political aspect, and the agency's delegation will not be accompanied by any inspector
Informed sources to Al Mayadeen: An IAEA delegation will visit Tehran next week to discuss mechanisms for implementing the parliament's law suspending cooperation with the agency
Palestinian media: Herds of Israeli settlers storm the al-Aqsa Mosque and perform Talmudic rituals in it
Al Mayadeen's correspondent in Gaza: 15 martyrs were transferred to hospitals in the Gaza Strip in the past few hours as the Israeli occupation continues its aggression on the camps of the displaced
Al Mayadeen's correspondent in Gaza: 38 were killed since dawn on Saturday, as the Israeli occupation army targeted aid seekers at distribution sites

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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