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U.S. Drilling Down on Crypto Miners' Energy Use Draws Ire From Community
1.2.2024
The Energy Information Administration (EIA) is starting a survey to track the electricity consumption of crypto miners in the U.S
Bitcoin Price May Be Nearing Bottom if these Drilling Analogy Metrics Are Correct
10.10.2022
If there’s one thing practically every cryptocurrency holder or speculator has attempted to do, it's predict or identify the bottom of a bear market for the bitcoin price.
Given that the delta between a trough and a subsequent all-time price high can be in the range of tens to hundreds...
Argentine Oil Subsidiary YPF Luz Powering Bitcoin Mining Activities With Residual Gas
4.10.2022
YPF Luz, a subsidiary of the Argentine state oil company YPF, is currently piloting a project to power bitcoin mining operations with residual gas. The initiative, which is currently being tested in Vaca Muerta, one of the biggest oil fields in the country, seeks to take advantage of this byproduct...
Drilling at West Africa Abujar Gold Deposit Garners Over 503 Grams Per Tonne
28.2.2022
Ivory Coast or Côte d’Ivoire’s Tietto Minerals recently said it had drilled and extracted as much as 503.85 grams per tonne from 83 metres at its Abujar Gludehi deposit. The drilling result moves the miner another step towards production on what may become West Africa’s...
Russian Oil Giant Provides Excess Gas to Operations Powering Bitcoin Mining Devices
10.1.2021
The firm Gazpromneft, an oil subsidiary of the Russian natural gas and global energy company Gazprom, is giving bitcoin mining operations the chance to power operations by using excess gas for electricity. The Russian firm has allowed a small mining operation to benefit from the excess gas...
Russian Oil Drilling Giant Opens a Crypto Mining Farm Run on Gas Energy
30.12.2020
A unit of oil and gas giant Gazprom has opened a mining venue on an oil drilling site using gas produced as a byproduct to produce electricity
Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint
19.7.2019
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...