Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint

in #bitcoin6 years ago

Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere. Startups are now offering on-site systems that utilize the surplus to mine cryptocurrencies. This new business is growing in regions where shale oil and gas extraction are major industries.

Full article :
https://news.bitcoin.com/bitcoin-helps-oil-companies-reduce-carbon-footprint/

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I am quite skeptic of this title ...