Crypto Mining uses Solar energy as a substitute energy source. Mining generates revenue, and Solar energy subsidizes cost and ensures off-grid power supply at a fixed investment cost.
According to Elon Musk’s expectation on August 5, 2021 (Renewables Now) — Tesla Inc (NASDAQ: TSLA) needs to confirm that the percentage of renewable energy consumption in Bitcoin mining is at or above 50% before it can resume accepting payments with the cryptocurrency, according to CEO Elon Musk.
SolarBlox Mission
We have always been about running businesses in the most environmentally friendly way possible. In that respect, our mission is to reduce the fossil energy consumption of cryptocurrency mining facilities by at least 50%.
Why SolarBlox?
Cheaper Energy Source
Cryptocurrency Mining is expensive to start up; the computing power, secure location, and security measures give miners so much to worry about — not to talk about the energy consumption bill at the month’s end, the potential sanctions from pro-environmentalists, and increased scrutiny from the government. SolarBlox navigates these challenges by using cheaper and more renewable energy from the solar system for mining.
Cleaner Energy Source
With half of the energy requirements obtained from clean and renewable energy, the other half of non-renewable energy still threatens the environment’s overall health. Acquiring carbon credits from SolarBlox cancels out the effects. Carbon credits are stored in electric units produced by a renewable energy source.
Decentralization
With the collaboration of solar power plants, we are ensured that our primary operations are off the grid and free from power price fluctuation. Solar power investments are calculable, projectable, and prepared. Our operation will be estimated as a decentralized platform operating off the reliability of resources in our location. Systematic design is employed for ease of deployment and duplication; we can mobilize, deploy and expand anywhere in the world.
