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0 sats \ 2 replies \ @BTCMiner OP 15 Feb 2022 \ parent \ on: Conoco feeding a bitcoin mine in North Dakota's Bakken shale | Seeking Alpha (archive link) bitcoin
And Bloomberg covers it too!
The concept of using bitcoin mining as a solution to gas flaring is not a new one. Regulators such as the North Dakota Department of Mineral Resources have been looking into several projects that tackle the issue of gas flaring in the state.
ConocoPhillips Is Supplying a Bitcoin Miner With Gas From Bakken https://www.bloomberg.com/news/articles/2022-02-15/conocophillips-says-it-s-sending-bakken-gas-to-bitcoin-processor https://archive.fo/GnSRj <-- No account needed, no subscription, no paywall
And from CoinDesk:
“Every oil and gas company in five to 10 years will have some exposure to mining bitcoin," Ryan Leachman, a founding partner of JAI, told CoinDesk in November.
In 2019, ConocoPhillips was among the founding members of the OOC Oil & Gas Blockchain Consortium, a group of energy companies looking to establish “key blockchain standards, frameworks and capabilities” within the industry.
ConocoPhillips Selling Excess Gas to a Bitcoin Miner in North Dakota https://www.coindesk.com/business/2022/02/15/conocophillips-selling-excess-gas-to-a-bitcoin-miner-in-north-dakota/
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0 sats \ 1 reply \ @BTCMiner OP 16 Feb 2022
And from CNBC:
ConocoPhillips did not disclose to CNBC which bitcoin miner it sells to, nor how long the pilot project has been underway, but what typically happens is that a company like Denver-based Crusoe Energy Systems places a shipping container full of thousands of bitcoin miners on an oil well, then diverts the natural gas into generators, which convert the gas into electricity that is then used to power the miners.
ConocoPhillips is selling extra gas to bitcoin miners in North Dakota https://www.cnbc.com/2022/02/15/conocophillips-is-selling-extra-gas-to-bitcoin-miners-in-north-dakota.html
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0 sats \ 0 replies \ @BTCMiner OP 20 Feb 2022
And ZeroHedge, of course:
https://cms.zerohedge.com/s3/files/inline-images/bitcoin-mining.jpghttps://cms.zerohedge.com/s3/files/inline-images/150375-01-02-1-986446-1621147627.jpg
ConocoPhillips Sells Excess Bakken Gas To Bitcoin Miner https://www.zerohedge.com/crypto/conocophillips-sells-excess-bakken-gas-bitcoin-miner
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