Elon Musk will develop an autonomous bitcoin mining farm using solar energy

New project for Elon Musk. The boss of Tesla and SpaceX wants to use photovoltaics as a clean energy source for cryptocurrency mining.

If Elon Musk is known for multiplying large-scale projects (Tesla, SpaceX, Boring Company, the tunnels of Hypeloop transport systems), the latter is also an emperor of solar energy in the United States. His company, Solar City, now part of Tesla, is a major photovoltaic player in America.

For some time, Elon Musk has faced a dilemma: Believing in the potential of cryptocurrencies, from bitcoin to dogecoin, he had built up a multi-billion dollar money supply of bitcoins to enable Tesla buyers to be able to pay their cars in bitcoin. The latter had finally given up on the idea, judging that it was nonsense to buy a zero-emission car with a very polluting cryptocurrency to mine.

A power of 3.8 Megawatts

Elon Musk has decided to work in this area, using the know-how of Solar City. The latter has even teamed up with Blockstream, a specialist in cryptocurrency mining, as well as Block (formerly known as Square), the company of Twitter founder Jack Dorsey. All this little world has built and developed a cryptocurrency mine powered by a solar power plant. This will have a power of 3.8 megawatts and a storage capacity of 12 megawatt hours.

This plant, totally off-grid and autonomous, should be completed later this year and will be able to rent its capacities to a whole host of customers who are already showing up.

Elon Musk may be granting his own wish for finally clean mining, to make cryptocurrencies a little greener.

Antoine Larigaudrie, edited by PA.

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