Flared Natural Gas: Is This Next Energy Source For Bitcoin Miners?

The environmental damage caused by severe carbon dioxide emissions of blockchain technologies, especially Bitcoin mining, has been the subject of ongoing disputes for as long as those emissions have been measured. Because crypto mining machines, particularly Bitcoin, consume a significant amount of energy, it was only a matter of time before mining businesses began searching for alternative, less expensive sources of electricity. As a result, a logical question emerges: what kinds of resources can be used to produce such enormous quantities of electricity? To reduce the concern of environmental impacts, it is vital to make the transition to the use of renewable energy sources in order to provide this much-needed electrical power. Another option is to generate energy from waste from other industries, which is where flared natural gas comes into the picture. Is this the next energy source for Bitcoin miners? Flared natural gas as an alternative energy source Oil and gas companies have spent years trying to find a solution to the problem of what to do in the event that they strike a natural gas formation by accident while drilling for oil. Rather than having to deal with the economically stressful process of transporting the gas to refineries, which would not be lucrative, these oil corporations have decided to just flare the natural gas. Countless Bitcoin miners are tapping into this source of energy to generate cheaper electric...