In Nigeria, according to Max Keiser, they take the gas they used to flare off and use it to mine Bitcoin.
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Originally Posted by DDG
How (And Why) Natural Gas Flaring is Being Used to Mine ...
https://oilmanmagazine.com/how-and-w...-mine-bitcoin/
Bitcoin Mining Operations Could Make Natural Gas Processing Profitable Somewhat strangely, the solution to the gas flaring challenge could be Bitcoin and other proof of Work (PoW)-powered cryptocurrencies. PoW is a consensus method that Bitcoin uses in order to process transactions.
Mining Bitcoin with Flared Gas - What Is Bitcoin?
https://www.whatisbitcoin.com/bitcoi...ith-flared-gas
As part of our Bitcoin is an energy solution, not an energy problem mini-series, I will be dedicating this one to mining bitcoin with flared gas. Since the demand for oil is not going away anytime soon, there is a massive opportunity to harness one of the largest energy byproducts in the world and convert it into bitcoin. |
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