Tesla, Block, and Blockstream team up to mine bitcoin off solar power in Texas
A solar- and battery-powered bitcoin mine in Texas that uses solar and storage technology from Tesla has been announced by Blockstream, in partnership with Jack Dorsey’s Block.
This is an exciting development for the companies involved, as well as for the future of cryptocurrencies like bitcoin. The ability to mine these currencies without relying on fossil fuels could pave the way for a more sustainable approach to cryptocurrency…and may even make the prospect of expanding into other areas of the world more feasible.
The creation of this new mine is a result of a collaboration between Square, Blockstream, and Tesla. These companies are all leaders in their fields, which makes them uniquely positioned to bring this idea to fruition.
“Sociopathic grandpa from Omaha”
Peter Thiel, co-founder of PayPal, launched a tirade against Warren Buffett and Jamie Dimon—aka the “sociopathic grandpa from Omaha” and the “dinosaur of finance”—at the Bitcoin 2022 conference in Miami on Thursday.
He accused them of hindering bitcoin’s progress and called for more open-mindedness in the financial industry.
“Buffett is like the sociopathic grandpa from Omaha who is going to tell you why Bitcoin is bad,” said Thiel, who was speaking at an event that attracted thousands of attendees to Miami Beach. “You’re going to have to get past him.”
The investor is a well-known supporter of bitcoin and other cryptocurrencies, having invested in several companies working with blockchain technology. He also backed the early stages of Facebook’s development.
Thiel criticized Buffett for not embracing cryptocurrencies sooner, saying he was “too old” to understand them. He also mocked JP Morgan chief executive Dimon for his previous statements about bitcoin being a fraud, which he later walked back.
“The finance gerontocracy has been hostile to Bitcoin because it’s too innovative,” he said, adding that he believed it was time for a change in thinking among financial leaders. “
Wood and Saylor: whispering in politician’s ears
The two tech investors were asked what is the outlook for Bitcoin going forward at the Miami Bitcoin conference on Thursday. They shared an optimistic vision for the future of Bitcoin.
“People ask me if I’m still bullish on Bitcoin. I am more bullish than ever on Bitcoin. The future is bright,” said Michael Saylor, CEO of Microstrategy.
Cathie Wood, CEO of Ark Invest, remarked that just a year ago, Treasury secretary Janet Yellen spoke about Bitcoin in largely negative terms referencing “money laundering, nefarious characters, environmental damage” etc. However, Wood says that Washington insiders have since changed their tune: “I see the politics around Bitcoin radically change. It has become a single issue that people are voting on – and it’s bipartisan.”
Wood went on to note that there seems to be a change of sentiment among Washington insiders: “Now someone is whispering in their ears – maybe we should be embracing this new technology? Maybe we should be trying to figure out how to get a piece of it for ourselves?.
Image: Bitcoin Vectors by Vecteezy
© 2024 Cryptopress. For informational purposes only, not offered as advice of any kind.
