Powered by WPeMatico
Category: vented gas
Auto Added by WPeMatico
$65M Investment Fuels Natural Gas Provider’s ‘Behind-the-Meter’ Bitcoin Mining Operation
On Thursday, a natural gas-based power plant in Dresden, New York, Greenidge Generation LLC, revealed the energy provider has the capacity to mine around $50,000 worth of bitcoins (5.5 BTC) every day. The 65,000 square-foot natural gas utility plant was upgraded when the firm installed 7,000 bitcoin miners that leverage some of the cheapest natural […]
The post $65M Investment Fuels Natural Gas Provider’s ‘Behind-the-Meter’ Bitcoin Mining Operation appeared first on Bitcoin News.
Powered by WPeMatico
Chicago Company Mines at Oil Wells, Educates Producers About Bitcoin
Utilizing stranded gas to power bitcoin mining rigs at oil and gas wells is a promising business opportunity. It is profitable for all participating parties and beneficial for the environment. Not without challenges, this young industry is growing in energy-rich North America. Several companies are working to expand the niche and U.S.-based EZ Blockchain shared […]
The post Chicago Company Mines at Oil Wells, Educates Producers About Bitcoin appeared first on Bitcoin News.
Powered by WPeMatico