Tesla’s advanced batteries to power its first Bitcoin mining facility

Elon Musk’s Tesla has delivered four massive battery packs that it calls Megapacks to a facility in Texas that wants to mine Bitcoin using only renewable energy, Electrek reported. Tesla is part of this joint collaboration that involves Blockstream, an expert in Bitcoin, and Twitter founder Jack Dorsey’s other startup, Blocks. Megapacks have landed, repeat the Megapacks have landed! The @Blockstream, @blocks and @Tesla 100% renewable zero-emission #BitcoinMining facility is just getting started. #Bitcoin pic.twitter.com/5hMj6F8yT4— Blockstream (@Blockstream) May 18, 2022The mining of BitcoinCryptocurrencies such as Bitcoin are decentralized units of trade that rely on a public ledger to keep records of all the transactions that occur. To confirm a transaction on the ledger, one needs a key called hash, which is generated for successfully solving a complex mathematical…

Read more…