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Canadian gas companies use surplus raw materials to mine bitcoin

Canadian gas companies use surplus raw materials to mine bitcoin

Natural gas companies in the canadian province of Alberta decided to use gas from gas pockets to mine bitcoin, instead of the raw material just going into the atmosphere.

At the moment, up to 500 cubic meters of gas are used daily for the production of the first cryptocurrency. This method solves the problems of gas companies for the disposal of such gas, does not allow it to pollute the air, and brings profit to gas companies.

“Today I visited one of the gas companies that are trying to use gas pockets for bitcoin mining. Gas from such pockets is too expensive to let into the network, but bitcoin mining solves the problems of thousands of gas well owners. They are lining up to use illiquid energy reserves,” he wrote
Francis Pouliot on the social Network Twitter.

Note that previously such gas was either released into the atmosphere, which is harmful to the environment, or burned. But there are fairly strict regulations on gas burning, so the decision to extract cryptocurrencies using excess 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 their equipment.