Jack Dorsey’s Square to Invest $5M into Solar Powered BTC Mining
Square CEO and founder of Twitter, Jack Dorsey has revealed that Square will invest $5 million in a solar-powered bitcoin mine.
The mining rate has been on the rise over the years and its constant negative effect on the environment has long been debated.
Jack Dorsey’s Square will partner with Bitcoin technology company Blockstream to get the ‘clean energy’ mine on the go.
Experts have lauded this move by Square as it will improve the efficiency of Bitcoin without affecting the environment.
Bitcoin has been in the news for its negative impact from mining activities this year. As its adoption continues to grow exponentially, so do mining activities.
Global financial and digital service provider Square Inc (NYSE:) has announced that it will invest in a solar BTC mine to ensure that bitcoin mining becomes sustainable.
People are on both sides of the coin on whether Bitcoin mining can...read more...