Bitcoin mining flare gas

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The EU wants to cut its Russian energy imports by crypto mining is a novel but dubious solution. At best, converting flares to with an unusual snow dump produces carbon dioxide.

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Bitcoin Mining at a Flare Gas Oil Well Site. BTC Farm Tour.
Flared gas and Bitcoin mining sound like a match made in heaven � but not all stranded gas is the same. Brent Whitehead and Matt Lohstroh are mining bitcoin off flare gas from oil drilling. While both flared and vented methane emissions could be used for bitcoin mining, ARK believes that vented methane will be the first target.

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This figure is not just a testament to the scale of oil and gas operations in the country but also highlights the magnitude of energy wastage through these practices. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Get in touch with us Invalid text format or number of character.