RATE Group | Blockstream Launches Bitcoin Mining Farm With Fidelity as Early Customer
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Blockstream Launches Bitcoin Mining Farm With Fidelity as Early Customer

10 Aug Blockstream Launches Bitcoin Mining Farm With Fidelity as Early Customer

Posted at 20:26h in Bitcoin News by

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Blockstream has launched a colocation mining service and already counts the Fidelity Center for Applied Technology and LinkedIn founder Reid Hoffman as customers.

On Thursday, the bitcoin and blockchain technology firm announced a new mining wing, Blockstream Mining, along with a BetterHash-based mining pool, Blockstream Pool. Led by cryptographer Dr. Adam Back, Blockstream is best known for its bitcoin-sidechain ecosystem, the Liquid Network.

Blockstream Mining will host colocation services across North America with its most recent installation in Georgia. The announcement stated that 300 megawatts, or 300,000 kilowatt-hours of energy, will be made available to customers.

That level of energy supply would be able to power up around 100,000 more-advanced ASIC mining models such as MicroBT’s WhatsMiner M20S or Bitmain’s AntMiner S17 Pro.

These machines on average have an electricity consumption of about 3 kWh per unit with a hashing power of around 55 terahashes…

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