Square has partnered with Blockstream to build a solar-powered Bitcoin mining facility

in crypto •  3 years ago 

In recent days, steps have been taken towards the adoption of Bitcoin's green energy, and many mining companies are making plans in this direction. Recently, many mining companies are trying to update their facilities in this direction, as mining with solar energy is both cheaper and less harmful to the environment.

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Blockstream CIO Chris Cook said in a statement that renewable energies are currently the least costly method for miners. He emphasized that they will build a facility that runs entirely on solar energy.

Square and Blockstream partnered for the construction of this project, and it was announced that Square would invest $5 million in the construction of this project.

It is claimed that the most important problem on the Bitcoin side is electricity consumption in mining, so many mining companies have been working and planning for similar projects recently. I think there will be similar news about renewable energy from many companies in the coming days.

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