Solar technology has evolved over the years and continues to progress in innovative ways. Moreover, solar technology is helping other industries innovate, including cryptocurrency. To learn more about this, read this rundown on why Tesla’s solar-powered Bitcoin mining is the next big thing.
Bitcoin & the Environment
Before detailing the future of Bitcoin mining, let’s address why it’s an important step forward. One of the most significant concerns about cryptocurrencies from the past few years is the environmental impact. After all, when working with something digital, like cryptocurrency, it’s easy to forget that it has a physical effect on the environment.
For example, US Bitcoin mining is responsible for an estimated 40 billion pounds of carbon emissions, thanks in no small part to the power required to mine cryptocurrencies. As we’ll discuss below, if you’re interested in Bitcoin and environmental practices, peace of mind may be in your future.
Adam Back recently told CNBC that, regarding the titular topic, the mine is a proof of concept aiming to showcase how “100 percent renewable energy bitcoin mining at scale” is feasible. For those unaware, Adam Back is the co-founder and CEO of Blockstream, who, as reported in the CNBC piece, is teaming with Block to create a new battery- and solar-powered Bitcoin mine.
This Bitcoin mine he’s referring to, located in Texas, will rely on none other than Tesla technology to make that vision a reality. Now that you know the next big thing about Tesla’s solar-powered Bitcoin mining, it’s time to talk about the new doors that it’s opening.
Opening New Doors
A step forward in eco-friendly technology is always a welcome evolution for those interested in sustainable practices. As technology grows in areas outside the solar industry, such as cryptocurrency, sustainable tech must evolve.
However, given that Tesla is so prevalent in at-home solar equipment, homeowners can see firsthand how their solar technology creates sustainable solutions for power consumption. For instance, our Tesla-certified solar installers work with solar panels and batteries for residential homes.
Although Bitcoin and cryptocurrency, in general, are still novel topics for various people around the country, progression like solar energy integration can make the subject more accessible. If all goes right, sustainability and cryptocurrency mining may be able to go hand-in-hand.