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Category: oil wells
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Russian Oil Companies Propose to Mine Cryptocurrencies at Their Wells
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EZ Blockchain Partners With Texas-Based Oil Provider to Monetize Wasted Natural Gas With Bitcoin
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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.
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Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint
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 […]
The post Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint appeared first on Bitcoin News.
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