Research

[Analysis] Natural gas venting: How Bitcoin solved a 160 year old problem

Messari

Jun 18, 2019 ⋅  1 min read

Bitcoin ($BTC) mining can solve the earliest oil mining problem: seeping and screaming natural gas vents. As the byproduct of oil mining, natural gas can be difficult to monetize in small amounts. This stranded energy can be put to work for Bitcoin mining with portable mining centers that can move within a mere hours notice. In Canada, these wells earn 15x the market rate with no sunk costs. If the well dries, pack up and ship out.

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