Quantum of Solace – “Bitcoin consumes more energy than Norway”, “mining is an ecological disaster”. We’ve all heard these arguments in society. They are sometimes asserted as unsurpassable truths in a rhetoric environmental well oiled. Difficult in this case there to be in the camp of the bad guys and to seek, in vain, explanations to try to influence the inquisitive judgment of the media doxa. But the end of the tunnel may not be that far. And according to some initiatives locales, the trend is slowly reversing, and as the philosopher says, “the route will change”. The United States once again stand out as pioneers in technological research, at a time when three companies have just pooled their strengths to release Bitcoin from its polluting rut and enthrone it green. Breaking News from Texas !
Texas as an illustration of the renewable energy paradox
the Texas is the second largest state in the United States behind Alaska and the second most populous after California. One of the peculiarities of this state is that 80% of the population lives in the two giant agglomerations of Dallas and Houston. And the rest ? Grasslands as far as the eye can see and endless arid zones. In a word, large empty spaces flooded with sun and battered by the winds. Well, well, it would be a nice place to enjoy the renewable energies so ?
Absolutely. The west of the state is even considered the Eldorado of renewable energies. The problem? The distance between facilities and consumers. For example, in this region, 34 gigawatts of electricity are produced for only 5 required! Fortunately, we manage to send 12 gigawatts of energy to the metropolises, but the delta is still too large. So it’s not really profitable to invest in “green” installations without financial incentives. But that was before. Before the Tesla, Block and Blockstream project.
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Association of benefactors around Bitcoin
On the sidelines of the conference Bitcoin 2022 in Miami, the media CNBC therefore revealed the information. A big project of ferme de minage of Bitcoin with renewable energies is in the boxes. Tesla will provide the solar panels as well as its unique battery system in the world: the 12 megawatt-hour Megapack to power the installation. On their side, Blockstream and Block will join forces to build the infrastructure necessary for mining and monitoring. Indeed, the idea is not only to prove to the whole world that Bitcoin can be mined with green energies but also to make it a pilot project.
A dashboard will therefore be accessible to the public to follow in real time the output power and the number of bitcoins mined. Eventually it will also be possible to have data on solar production and storage.
“This is a step to prove our thesis that bitcoin mining can fund zero-emissions power infrastructure and create economic growth for the future.”
These words are those ofAdam Back, CEO and co-founder of Blockstream. This cryptography specialist and member of the “Cypherpunks” runs this company specializing in infrastructure for storing and transferring digital assets such as Bitcoin. He adds :
«People like to discuss the various factors related to bitcoin mining. We said to ourselves, we’re just going to prove it. Let’s have an open dashboard for people to follow the experience, maybe it will entice other people to get into the game».
The association ofElon Muskd’Adam Block and of Jack Dorsey – the former CEO of Twitter – shook the small world of cryptos and FinTech in general. If Bitcoin managed to make isolated renewable energy installations profitable, it would be a big thumbs-down for its detractors. Thus it would be possible to mine of Bitcoin with unused energy in the event of surplus production or the start of a project. It’s a bit like what they already do some American tankers. Texans leaders of theecology ? Definitely we will have seen everything in cryptos!
Bitcoin mining pollutes?… Here is a stubborn old cliché that is beginning to waver. The green shift in crypto mining may take time to kick in, but the trend is there. In the meantime, take advantage of an exceptional offer on the Swissborg platform: win up to €100 in cryptocurrencies when you register (affiliate link, for a minimum deposit of €50)
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