associated gas – DIGIT INFO

Crypto Farms Mining at Russian Oil Fields Reach 85 MW of Capacity, Analysts Say

DIGIT — Wed, 31 Aug 2022 06:30:00 +0000

Farms mining cryptocurrency at oil wells in Russia account for 85 megawatts (MW) of energy capacity, experts have estimated. Investors are considering projects for another 200 MW despite constraints stemming from Western sanctions, a report reveals. Annual Income From Crypto Mining With Associated Gas in Russia to Exceed One Billion Rubles Data centers mining cryptocurrencies […]

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Bitriver to Mine Crypto Using Excess Gas From Gazprom Neft’s Oil Extraction

DIGIT — Sat, 18 Jun 2022 18:00:55 +0000

Russian crypto mining operator Bitriver will use electricity generated from associated gas provided by Gazprom Neft to mint digital coins. As part of a new agreement, the mining company will in return develop the digital infrastructure at the oil producer’s wells in Russia. Crypto Mining Operator Bitriver to Cooperate With Russian Oil Giant Gazprom Neft […]

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Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint

DIGIT — Fri, 19 Jul 2019 13:00:49 +0000

Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere. Startups are now offering on-site systems that utilize the surplus to mine cryptocurrencies. This new business is growing […]

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