Natural gas companies in the Canadian province of Alberta decided to use gas from gas pockets to mine bitcoin, instead of just going into the atmosphere.
Currently, up to 500 cubic meters of gas is used daily for the extraction of the first cryptocurrency. This method solves the problems of gas companies in the utilization of such gas, prevents it from polluting the air, and makes gas companies profitable.
“Today I visited one of the gas companies that are trying to use gas pockets to mine bitcoin. Gas from such pockets is too expensive to put into the network, but bitcoin mining solves the problems of thousands of gas well owners. They are lining up to use stocks of illiquid energy, ”- wrote
Francis Pouliot on Twitter.
Note that before such a gas was either released into the atmosphere, which is harmful to the environment, or burned. But quite strict standards are set for gas burning, so the decision to extract cryptocurrencies using surplus natural gas is beneficial for everyone.
Recently it was reported that the end of the rainy season in Sichuan is forcing Chinese miners to turn off equipment.
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