Where is bitcoin mining heading? Toward eco-friendly and revenue-driving trends, ex-petroleum engineer and operations lead trustmachinesco Rena Shah says. Opinion.
has come under fire for its potential impact on the environment due to its energy consumption. Nobody in the industry is shying away from the fact that bitcoin did not start out as the best environmental, social and governance investment.
Flare gas, also known as associated gas, is a byproduct of oil extraction processes. Traditionally, it has been flared or burned into the atmosphere, contributing to greenhouse gas emissions and wasting valuable energy resources. Instead of releasing the gas into the atmosphere, bitcoin miners redirect the flare gas to power mining facilities using specialized equipment. Flare gas recovery systems are employed to capture and convert the gas into electricity, which is then used to run the energy-intensive computations required by bitcoin mining.
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