The international energy company, Equinor plans to repurpose gas flaring from U.S oil fields to support Bitcoin (BTC) mining, according to a new report from Arcane, a cryptocurrency market research hub. Arcane Research said that it received screenshots from Equinor’s blog that detailed the company’s plans to use natural gas, instead of flaring it, in...Read More
Utilizing stranded gas to power bitcoin mining rigs at oil and gas wells is a promising business opportunity. It is profitable for all participating parties and beneficial for the environment. Not without challenges, this young industry is growing in energy-rich North America. Several companies are working to expand the niche and U.S.-based EZ Blockchain shared...Read More
Power Ledger, an Australian company providing blockchain-based solutions for tracking energy consumption, has announced the continuation of its successful energy trading trial in Western Australia. In partnership with Synergy and Western Power, producers and distributors of electrical power in the Western Australian region, Power Ledger began a trial in November 2018 to track renewable energy...Read More
A look at green policy and crypto energy consumption in Japan. Society is now witnessing the implementation of digital currencies, artificial intelligence (AI) and blockchain technology worldwide. These new digital technologies necessitate very high consumption of electric energy, which is currently produced with coal and fossil fuels that have adverse environmental effects. A global shift...Read More
