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Bitcoin, the leading cryptocurrency internationally, traded higher on Sunday, up 0.64 percent to $42,782 as of 08:30 a.m. Riyadh time. Ether, the second most traded cryptocurrency, was priced at $3,254, up 1.21 percent, according to data from Coindesk. Tesla, Block and Blockstream to mine bitcoin off solar power Electric-vehicle maker Tesla Inc., payments firm Block Inc. and

Tesla, Block Inc and Blockstream Corp are collaborating to mine bitcoin using solar power in Texas.

Bitcoin is created when high-powered computers compete against other machines

Bitcoin is created when high-powered computers compete against other machines to solve complex mathematical puzzles, an energy-intensive process that currently often relies on fossil fuels.

Electric-vehicle maker Tesla Inc, payments firm Block Inc and blockchain company Blockstream Corp will collaborate to mine bitcoin using solar power in Texas, Blockstream CEO Adam Back said on Friday.