• Latest
  • Trending
Use waste natural gas to mine Bitcoin

Use waste natural gas to mine Bitcoin

October 11, 2021
Why Are NFTs Bad? The Problem And Legal Issues

Why Are NFTs Bad? The Problem And Legal Issues

December 10, 2023
Bitcoin bulls’ run toward $45K could produce tailwinds for UNI, OP, TIA and STX

Bitcoin bulls’ run toward $45K could produce tailwinds for UNI, OP, TIA and STX

December 10, 2023
Bitcoin vs. Ethereum: Which One is the Better Investment Option for You? | by Georgia Bloggs | The Dark Side | Dec, 2023

Bitcoin vs. Ethereum: Which One is the Better Investment Option for You? | by Georgia Bloggs | The Dark Side | Dec, 2023

December 10, 2023
Trillions of SHIB on Move as SHIB Price Burns Zero, Community Excited

Trillions of SHIB on Move as SHIB Price Burns Zero, Community Excited

December 10, 2023
Whats With All The Mysterious Cryptocurrency Deaths

Whats With All The Mysterious Cryptocurrency Deaths

December 10, 2023
Institutional traders favour Bitcoin and Ethereum while whales eye this new AI crypto

Institutional traders favour Bitcoin and Ethereum while whales eye this new AI crypto

December 10, 2023
AI deepfake nude services skyrocket in popularity: Research

AI deepfake nude services skyrocket in popularity: Research

December 10, 2023
Shibarium Hits Major Milestone as Total Transactions Cross 66 Million

Shibarium Hits Major Milestone as Total Transactions Cross 66 Million

December 10, 2023
The Surge in Bitcoin Wallets: A New Era of Digital Wealth Accumulation | by Joshua Moroles | The Dark Side | Dec, 2023

The Surge in Bitcoin Wallets: A New Era of Digital Wealth Accumulation | by Joshua Moroles | The Dark Side | Dec, 2023

December 10, 2023
  • Privacy Policy
Sunday, December 10, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto Technical Analysis

Use waste natural gas to mine Bitcoin

J_News by J_News
October 11, 2021
in Crypto Technical Analysis, Top News
0
Use waste natural gas to mine Bitcoin
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter


Instead of burning the natural gas, the senator wants it channelled into Bitcoin mining

Bitcoin miners can put the abundant natural gas wasted through flaring to “productive use” and help the environment, US Senator Ted Cruz said on Friday.

Texas is currently one of the top destinations for Bitcoin miners, especially after China’s crackdown on crypto mining and trading.

As well as the cheap and readily available wind-generated power, miners could also benefit from another energy source — the natural gas oil industries “burn” to avoid pressure building up in reservoirs during oil extraction.

Bitcoin mining is ‘productive’

While speaking at the Texas Blockchain Summit on 8 October, Cruz noted that Texas accounts for about 50% of the “flared” gas, a huge amount of energy he said should not be allowed to go to waste.

According to Cruz, the wastage comes about due to a lack of transmission equipment necessary to capture the natural gas and have it directed to areas where it should be used as it’s supposed to be.

 “Use that power to mine Bitcoin,” the Texas politician urged, adding that this is a move that could instantly help the environment.

 “…rather than flaring the natural gas you’re putting it to productive use,” he noted.

The energy can also be connected to the grid, providing reserves from which other critical uses can draw power, Cruz added.

Bitcoin, according to the US politician, has the potential to prove very important across the globe, especially in lots of “places on Earth where the sun shines a lot and the wind blows a lot but there aren’t any power lines and it’s not economically feasible to use that energy.”

CoinMetrics founder Nic Carter summed up Senator Ted Cruz’ speech advocating for the use of Bitcoin mining as below:

Sen. Cruz makes 3 key points

– Miners can mine off grid by mitigating waste nat gas (byproduct of oil extraction)

– Miners can participate in demand response and give energy back to grid when most needed

– Miners can take advantage of stranded renewables

— nic carter (@nic__carter) October 10, 2021

Cruz’s comments on Bitcoin mining were highly enlightened, and are a great advert for Bitcoin, which is often criticised for being a massive consumer of energy.





Source link

Related articles

Why Are NFTs Bad? The Problem And Legal Issues

Why Are NFTs Bad? The Problem And Legal Issues

December 10, 2023
Bitcoin bulls’ run toward $45K could produce tailwinds for UNI, OP, TIA and STX

Bitcoin bulls’ run toward $45K could produce tailwinds for UNI, OP, TIA and STX

December 10, 2023
ShareTweetShareShare
Previous Post

Pulling the curtain back on PM hiring.

Next Post

YouTube Bans Anthony Pompliano’s Channel Due to Policy Breach

Related Posts

Why Are NFTs Bad? The Problem And Legal Issues

Why Are NFTs Bad? The Problem And Legal Issues

by J_News
December 10, 2023
0

Why Are NFTs Bad? This pressing question underscores today’s heated discussions around Non-Fungible Tokens (NFTs). Despite the buzz, many investors...

Bitcoin bulls’ run toward $45K could produce tailwinds for UNI, OP, TIA and STX

Bitcoin bulls’ run toward $45K could produce tailwinds for UNI, OP, TIA and STX

by J_News
December 10, 2023
0

The S&P 500 Index (SPX) achieved its highest close of the year last week, and Bitcoin (BTC) also hit a...

Bitcoin vs. Ethereum: Which One is the Better Investment Option for You? | by Georgia Bloggs | The Dark Side | Dec, 2023

Bitcoin vs. Ethereum: Which One is the Better Investment Option for You? | by Georgia Bloggs | The Dark Side | Dec, 2023

by J_News
December 10, 2023
0

With the rise of cryptocurrencies, two names have stood out above the rest: Bitcoin and Ethereum. These two digital currencies...

Trillions of SHIB on Move as SHIB Price Burns Zero, Community Excited

Trillions of SHIB on Move as SHIB Price Burns Zero, Community Excited

by J_News
December 10, 2023
0

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views...

Whats With All The Mysterious Cryptocurrency Deaths

Whats With All The Mysterious Cryptocurrency Deaths

by J_News
December 10, 2023
0

In the crypto space, a concerning trend has emerged: the rise in cryptocurrency deaths. These incidents, ranging from crypto billionaires...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

CCAIT (Chatcrypto Token) an AI based crypto token soars to $0.1 price, Increase 100X within 24 hours of launch in Dex Pancakeswap

Immunefi Reports $2.3B of Funds Lost in Crypto in 2022

Ethereum Insider To Expose ETH Founders’ Fraud In Weeks

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT