Oil Field Alchemy: How Bitcoin Can Turn Waste, Emissions into Proof-of-Work38

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.

“Bitcoin’s a great arbitrage mechanism for these companies. Anywhere you go, oil and gas producers are having issues,” Steve Barbour, founder of Canadian company Upstream Data, told Bitcoin Magazine.

Original source
https://bitcoinmagazine.com/articles/oil-field-alchemy-how-bitcoin-can-turn-waste-emissions-proof-work/

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