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This portable Bitcoin mine is eating up the wasteful and harmful natural gas flares, and turning it into network security for 7.6 billion people around the world that rely on it. Carbon emissions literally transformed into money.

This portable Bitcoin mine is eating up the wasteful and harmful natural gas flares, and turning it into network security for 7.6 billion people around the world that rely on it. Carbon emissions literally transformed into money.

https://reddit.com/r/<a title="" class="aalmanual" target="_blank" href="https://cryptonewmedia.press/category/bitcoin/">Bitcoin</a>/comments/nzrzmo/this_portable_bitcoin_mine_is_eating_up_the/


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50 Comments

  1. >Carbon emissions literally transformed into money.

    No. They’re still carbon emissions. Trading isn’t a transformation. Let’s not get carried away. Creating wealth is the benefit here. Reducing carbon is not. Perhaps that wealth can enable some carbon efficiencies if used properly, but there is no inherent incentive to do that created here. And there are some negative incentives to continuing the flaring. The social pressure remains however, so there’s hope (in addition to the new wealth, both good things which can lead to progress).

    The best thing about bitcoin’s proliferation is that good people are getting rich, and will now have power to fight the bad people who have increasingly been benefiting from the central bank money printers. (yeah, yeah and freedom is good too)

  2. If methane is 25x more potent a greenhouse gas’ than co2, burning turning all of it into BTC at the margin makes sense. What else can they do with it? especially when getting a pipeline built is near impossible

  3. Headline is a bunch of BS. Wasteful – yes. Harmful, still exists. The ONLY reason the portable mine is in place is to use low cost fuel to create $$$. Lets get real here people. Network would still be secure with 80% reduction in BTC mining exquipment. Headline – “Low cost source of energy sourced” – doesnt have the same ring without the BS i admit!

  4. Well, not really. Pretty sure those huge engines are eating that gas and turning it into carbon exhaust.

    Not sure what the carbon output difference would be between those engines running and gas flaring instead, but for estimation purposes I’ll say that operation has the equivalent of about 6 tractor trailers running at high idle.

  5. And this my apes is why you must do your DD on BFARF an OTC Toronto exchange. They are 100% powered w environmentally friendly hydro power and secured w long term power contracts. They’ve also been approved to get up listed to NASDAQ. Wait until the Robinhood crew gets a hold of this energy efficient pile of rocket fuelπŸš€πŸš€πŸš€

  6. As much as I love bitcoin and mining, we need to see regulation or laws on limiting gas flares. Why are we allowing companies to just spew methane or just burn it? This is pollution and they need to mange it responsibly.

    The problem with using “wasted” methane is that in the end it will still increase the demand for fossil fuels.

  7. I don’t see how this is reducing fossil fuel usage. All I see is fossil fuels being burned to power a mining operation. Isn’t that the opposite of what we want?

    Making disingenuous arguments in bad faith hurts more than it helps.

  8. I believe they do get credits, but there’s no way they would use solar for this. Most producers (in US) are at least paying attention to emissions now but they are strictly looking at keeping methane emissions to a minimum or eliminating them. They’re not exactly looking at carbon emissions.

    Flaring the gas and burning it on site to heat the gas is unavoidable and isn’t even being looked at. Ultimately the whole purpose of drilling a gas well is to burn the gas after all.

  9. I’ve heard such perfect things about SmartPad and am thinking of taking part in it. What can you say about it? Is it rly much more fruitful than old shitty launchpads?

What do you think?

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