2019-12-8 14:56 |
Crusoe Energy Systems makes the enormous energy consumption of Bitcoin mining environmentally friendly by reducing gas flaring
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Amid the ongoing debate surrounding the environmental impact of bitcoin (BTC) mining, light has fallen on Denver-based operation Crusoe Energy. A company that uses energy from flare gas to mine BTC.
2021-6-20 17:20 | |
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Canadian gas companies are using trapped natural gas to fuel Bitcoin mining, instead of simply having it flared to the atmosphere. Bitcoin mining is renowned for requiring a lot of resources, and with an increased price of the coins, mining is once again under the spotlight.
2019-11-4 14:30 | |
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EnHelix launches the first blockchain based commodity trading for the gas industry in Huston’s Gastech Energy Conference held last week. A number of industries are adopting blockchain technology in a bid to streamline the supply chain process and cut out intermediaries.
2019-9-30 17:03 | |
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A new software based on the Hyperledger Fabric blockchain was launched for commodities trading for the gas industry.
2019-9-30 07:00 | |
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Modex, a blockchain solutions firm, released its Blockchain Database (BCDB) platform to ease out the deployment of blockchain technology across corporations and enterprises. Oil and gas firm, Dietsmann, becomes one of the first enterprises to use the platform to deploy a blockchain.
2019-9-23 17:29 | |
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Thai oil and gas firm PTT is jointly developing a regional blockchain-based renewables platform with the Energy Web foundation
2019-9-12 21:53 | |
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Blockchain technology is being used in various industries as more applications for groundbreaking technology are developed. A group of energy companies has come together to build a blockchain platform for the energy industry.
2019-9-6 18:26 | |
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One of China’s largest energy providers is using blockchain technology to trace the supply of natural gas. Serving an urban population of 94. 57 million in 187 Chinese cities, ENN Energy Holdings Limited is harnessing VeChainThor technology for “optimal quality control and supply-chain management.
2019-7-25 23:44 | |
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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.
2019-7-19 16:00 | |
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Gas companies in Canada are utilizing trapped natural gas otherwise flared to the atmosphere for bitcoin mining, creating a useful application for illiquid energy. Why Flare When You Can Mine Bitcoin Canadian gas companies in Alberta are developing means of utilizing natural gas to power bitcoin mining farms.
2019-7-13 19:03 | |
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World’s fifth-largest oil and gas company, Shell, took a step forward in its exploration of the blockchain world, after it invested in a New-York based startup using a modified version of Ethereum blockchain.
2019-7-11 20:30 | |
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The American blockchain startup Data Gumbo Corp. secured $6 million in its Series A funding. It was co-led by the venture arm of the largest petroleum and natural gas company Suadi Aramco, reported World Oil on May 8, 2019.
2019-5-10 23:00 | |
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Hut 8 Mining (named after Hut 8 in Bletchley Park, where Alan Turing broke the enigma code and accelerated the end of World War II) has just filed its audited financial statements for 2018, detailing a tight but still profitable bitcoin mining business.
2019-5-10 20:04 | |
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In a handful of oil fields in the Great White North, natural gas, an otherwise wasted drilling by-product, is being put to work. But it’s not being used to well more oil; it’s being used to mine bitcoin.
2019-5-8 20:07 | |
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According to Bloomberg, the Winklevoss twins’ family office has participated in a seed financing for Crusoe Energy Systems Inc. to the tune of $4. 5 million. Crusoe Energy has plans to advance construction of data centers that mine cryptocurrency using a surplus of natural gas.
2019-5-7 13:34 | |
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By CCN: The US stock market has enjoyed a tantalizingly-buoyant month. The Dow Jones Industrial Average and S&P 500 each climbed more than 3 percent, while the Nasdaq soared more than 7 percent on blockbuster tech earnings.
2019-4-26 18:31 | |
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Flaring, a common practice of burning off natural gas that can’t be efficiently captured and stored has reportedly reached record levels in the state of Texas. Let’s look at why Bitcoin mining would be the perfect solution to capture this energy ‘waste’ and transform it into sound money.
2019-4-24 22:00 | |
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It is the most important industry in the world. Energy. We need it. Without it, nothing works. Without the oil producers and refiners, there’s no petrol to fuel our cars. Without power plans and the supporting infrastructure, there’s no electricity to keep the lights on.
2019-4-16 22:50 | |
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This article was originally published by 8btc and written by Lylian Teng. Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process.
2019-4-11 23:38 | |
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Bitcoin mining is an industry that seeks out cheap energy sources that would often go to waste. And in some parts of North America, natural gas is becoming pretty much exactly that. The Oil Industry Produces More Gas Than It Can Handle Natural gas prices in North America have tanked.
2019-3-31 12:00 | |
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The Norwegian Sovereign Fund has announced a $7 billion sale of shares for 134 exploratory fossil fuel and energy companies. Norway owns the largest sovereign fund in the world, the Government Pension Fund Global (GPFG), which is valued at over $1 trillion.
2019-3-21 00:44 | |
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Around 100 billion metric tons of biomass waste gets produced each year, and as these wastes get rotten and decompose, they release gases such as methane which is very hazardous gas for the environment.
2019-1-29 14:08 | |
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The centuries-old, paper-based trading process of the oil and gas industry was overhauled last year, courtesy of the blockchain and an industry consortium originally including Shell, BP, ABN Amro, ING, and Societe Generale.
2019-1-16 19:12 | |
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YouTuber shows one way to stop pickup trucks from blocking Tesla Supercharging stations… tow them There’s no better way to “own the libs” than parking a gas guzzling pickup in front of a renewable fuel source.
2019-1-5 05:12 | |
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The Abu Dhabi National Oil Company (ADNOC), a leading diversified energy and petrochemicals group that claims to produce roughly 3 million barrels of oil and 10. 5 cubic feet of natural gas daily, has joined forces with IBM to enable it integrate distributed ledger technology (DLT) into its operations and reduce risks while fostering transparency and efficiency, according to a press.
2018-12-11 00:00 | |
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The centuries-old, paper-based trading process of the oil and gas industry is getting overhauled, courtesy of the blockchain and an industry consortium including Shell, BP, ABN Amro, ING, and Societe Generale.
2018-11-29 17:22 | |
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The world is seeking to shift to the adoption of clean energy, and China is making significant strides towards achieving that goal. As per today’s announcement, blockchain-based firm VeChainThor Blockchain begins a partnership with the leading Chinese energy and gas companies ENN Energy holdings and the State-owned Shanghai Gas Group. VeChain partners with Shanghai Gas […]
2018-11-3 09:00 | |
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An exciting announcement was made at this year’s China International Gas & Heating Technology and Equipment Exhibition. In an attempt to reduce carbon emissions and increase the adoption of clean energy, two leading Chinese gas and energy companies have revealed a new collaboration with the VeChainThor blockchain project.
2018-11-3 18:43 | |
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The IOTA Foundation, a nonprofit organization dedicated to developing the IOTA and Tangle architecture, and ENGIE Lab CRIGEN, a corporate research center focused on gas, new energy source, and emerging technologies, have partnered together to drive innovation in the distributed ledger technology (DLT) and smart energy ecosystem.
2018-9-8 15:59 | |
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According to MarketWatch, Bitcoin mining requires so much energy that it could pose a threat to the international Paris Agreement, which was designed in 2015 to reduce the amount of greenhouse gas emissions released into the earth’s atmosphere.
2018-8-3 12:29 | |
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According to MarketWatch, Bitcoin mining requires so much energy that it could pose a threat to the international Paris Agreement, which was designed in 2015 to reduce the amount of greenhouse gas emissions released into the earth’s atmosphere.
2018-8-3 21:31 | |
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