Blockstream and Block will launch a solar-powered mining cente | Crypto Ocean

Blockstream and Block will launch a solar-powered mining center

Payments firm Block and crypto firm Blockstream have partnered with Tesla to build a solar-powered Bitcoin mining facility in Texas.

Bitcoin is the world's largest and most recognized cryptocurrency, but it has often come under fire from environmentalists for its alleged harmful effects on the environment. Not only does Bitcoin mining use massive amounts of power, but Bitcoin transactions are also said to be highly power-intensive.

Given the environmental impact of Bitcoin, proponents hope that solar-powered mining facilities will help offset some of that carbon footprint.

Crypto_Ocean