Square ja Blockstream USA-s asuva taastuvenergiaga Bitcoini kaevanduse rajamiseks

Bitcoin mining is on the move. Around the world, more companies and initiatives are being brought to life. Blockstream and Square have announced a partnership to build one in the U.S. based on renewable energy.

The Bitcoin infrastructure startup, led by Adam Tagasi, and the financial services company, led by Jack Dorsey, will create an open-source Bitcoin mining facility driven by solar energy. The BTC mine will be constructed on a Blockstream mining site located in the United States.

Their objective is to share details on the project’s economics and their experience in the development of the facility. In addition, they plan to raise awareness and demonstrate BTC mining and renewable energy can be a catalyzer for a transition towards clean energy.

Koos @Ruut, we’re building an open-source fully solar-powered #bitsiin mining facility at one of our US #BlockstreamMining locations to demonstrate how #BTC mining and renewables can drive the clean energy transition. ☀️⛏️ https://t.co/0D4yKOe82M pic.twitter.com/HdVhe031GY

- Blockstream (@Blockstream) Juuni 5, 2021

Square will invest $5 million and Blockstream will provide the infrastructure and expertise to help build the project. Ultimately, it will be a Proof-of-Concept used to demonstrate that green Bitcoin mining at scale it’s possible. Thus, the need for transparency in every detail. Chris Cook, CIO and head of Mining at Blockstream said:

Paljud kaevandustööd kogu maailmas, sealhulgas meie oma, tuginevad juba taastuvenergiale, kuna see on kõige kuluefektiivsem energiaallikas. Loodame koos Square'iga, et projekti avatud ja läbipaistev olemus muutub eeskujuks, millest saavad õppida ka teised ettevõtted.

Bitcoin, A Tool To Build A Sustainable Future

Once built, the BTC mining facility will allow other participants to expand the operations. It will be designed to be scalable and with the capacity to add more support for future growth.

Neil Jorgensen, Global ESG Lead at ruut, revealed to be excited about the partnership and along with Blockstream will contribute with a working model to prove their thesis. Jorgensen added:

Projekt toimib pideva ja läbipaistva juhtumianalüüsina, mis võimaldab meil kõigil koos õppida puhta energia Bitcoini kaevandamise konkreetset üksuseökonoomikat. Me ei saa oodata, kui hakkame oma tulemusi kogukonnaga jagama.

Blockstream will provide regular reports on the project and will have a publicly available dashboard to display real-time metrics on the BTC mine’s performance. This will include its power output and the amount of BTC mined. The dashboard will be based on a technology called Blockstream Mining Note (BMN).

Square has made several efforts to support the growth of Bitcoin and its ecosystem. The Dorsey-led company published a Whitepaper with firm Ark Invest on a system based on renewable power to drive batteries and use BTC mining to absorb the excess energy.

During a discussion with Alex Gladstein, Chief Strategy Officer at the Human Rights Foundation, in the Bitcoin 2021 Conference, Dorsey ütles:

Ultimately miners have to make a profit and getting cheap renewable energy maximizes their potential for profit (…). Bitcoin over time and today does incentivized more renewable energy and awareness about how they are getting that power. It gives people freedom to convert wasted power into something that creates value for billions of people around the world.

BTC tehingud at $36,132 with a persistent sideways trend after an over 50% correction in the past week. In the 7-day and 30-day charts, BTC has a 1.2% profit and a 37.1% loss, respectively.

Source: https://www.newsbtc.com/news/bitcoin/square-blockstream-bitcoin-mine-us/