International oil and gas giant ConocoPhilips is dipping its toes into Bitcoin mining as a way to eliminate the wasteful practice of flaring.
Bitcoin mining offers a unique and profitable solution to the problem of routine flaring, which occurs when mining companies accidentally hit natural gas formations while drilling for oil.
While oil can be siphoned up and collected at any location, natural gas harvesting requires pipeline infrastructure. If miners strike gas at any significant distance from a pipeline, companies are forced to burn or “flare” the gas, which is ultimately an unprofitable and environmentally harmful procedure.shipping containers or trailers filled with crypto mining equipment near an oil well and divert the gas into generators which power the equipment.
Another US-based oil and gas explorer, Crusoe Energy has also taken advantage of Bitcoin mining as a way of profitably reducing emissions, with approximately 60 data centers and Bitcoin mining units being powered by diverted natural gas on their oil fields. According to a from Argus media, Crusoe Energy’s technology lowers CO2-equivalent emissions by as much as 63% when compared with regular routine flaring.of Bitcoin mining that usually emerge from environmental concerns, miners have become increasingly concerned with finding new ways to harness more sustainable methods of energy.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
$120B Oil and Gas Giant ConocoPhillips Joins The Bitcoin Mining Fuel BusinessConocoPhillips, one of the world’s largest independent oil and gas exploration companies is utilizing its extra gas to power Bitcoin mining. According to a Tuesday report by CNBC, the company disclosed that it is currently running a pilot project in Bakken, an oil-rich region in North Dakota...
続きを読む »
Biden administration rolls out effort to curb industrial greenhouse gas emissionsPresident Joe Biden is launching a multi-pronged program on Tuesday to reduce industrial sector greenhouse gas emissions.
続きを読む »
Crypto-Mining Host BitRiver Rus Had Net Zero Carbon Footprint in H2 2021.BitRiverMining's Russian subsidiary had net zero carbon emissions in the second half of last year, the first firm in Russia to receive that accreditation. By egreechee
続きを読む »
Bitcoin miners selling stock and BTC as returns halve since NovemberToo much competition can be bad, especially when the bears are in charge. Bitcoin miners are selling off coins from their stockpiles and shares in their companies after the profitability of mining took a dive since November. (Reporting via NewarBrian)
続きを読む »
SEPTA’s Wayne Junction makeover is bringing change to GermantownDevelopment close to rail transit stations is one way policymakers are trying to reduce auto emissions and fight climate change. 'Imagine being able to roll out of bed, jump on the train, and get to Center City in minutes...You can go anywhere from here.'
続きを読む »
Winter Olympic Sites Are Melting Away because of Climate CrisisAs greenhouse gas emissions rise, more venues will face conditions that professional athletes consider unfair or unsafe.
続きを読む »