Tesla, Block and Blockstream team up to mine bitcoin off solar power in Texas – CNBC

Have an open dashboard so people can play along, maybe it can inform other players to participate,” Back said.

Enter bitcoin miners. When these energy buyers co-locate with renewables, it creates a financial incentive for buildout and improves the core economics of renewable power production, which has been fraught with volatility.

The constraint is that West Texas has roughly 34 gigawatts of power, five gigawatts of demand, and only 12 gigawatts of transmission.

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