Satoshi Nakamoto revolutionized the financial industry by creating Bitcoin in 2008. Now Bitcoin miners are in the process of revolutionizing another industry - energy. Here is how they're doing it 馃憞 馃憞 馃憞
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There was 419 billion cubic feet of natural gas burned off last year from flaring or venting, according to the Energy Information Administration. No one used it for anything. This total waste is a massive opportunity for bitcoin miners.
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An army of mining companies are creating a market for wasted gas to reduce flaring and cut emissions. Here鈥檚 what that looks like. @upstreamdatainc (top L) @GigaEnergy_ (top R) @CrusoeEnergy (bottom L) @GAMdotAI (bottom R)
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Mining bitcoin on oil fields isn鈥檛 just a fad. Watch this clips from our friends @compass_mining talking to an oil and gas executive who started mining bitcoin to save the economics of his exploration wells. Now @RG_Leachman mines bitcoin full time in Wyoming.

Oct 10, 2021 路 12:14 AM UTC

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Bitcoin miners are always looking for super cheap energy. Before now, all this wasted gas had a price of $0. Now oil companies earn extra revenue. Miners have ridiculously cheap energy. The planet stays a little cleaner. Everyone wins.
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The amount of Bitcoin鈥檚 hashrate that comes from oil and gas companies right now is probably less than 10%. But over the next 10 years, these players will dominate mining. If you鈥檙e haven't been paying attention, I would suggest you start now.
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But getting away from oil dependence is the long term goal for humanity
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This whole civilization has been built on oil. The goal may be in a much much longer term than you imagined. In the mean time though, it's good that we have #BTC mining for this.
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