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Why Did 200 Bitcoin Miners and Oil & Gas Execs Just Meet in Houston?

Why Did 200 Bitcoin Miners and Oil & Gas Execs Just Meet in Houston?



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6 Comments

  1. tldr; According to a report, 200 bitcoin miners and oil execs met in Houston, Texas, to discuss using “stranded” natural gas to power bitcoin mining rigs, which both reduces greenhouse gas emissions and makes money for the gas providers, as well as the miners. Bitcoin mining is bringing economic viability back to a dying fossil-power-plant market in another way.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. Makes sense to put waste/flare gas to better use. That linked article is trash tho, years old Environmental FUD. Author clueless about lightning compares settlement layer transactions with transactional layer transactions, false conparison to Energy usage and more of the same old nonsense…

    TL;DR The Environmental FUD is sadly far from dead.

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