BIT COIN MINING FROM STANDARD AND FLARE GAS FIELDS

Each year, about 148 billion cubic meters of gas go up in flames. This practice emits large amounts of carbon dioxide and methane, which drive air pollution and climate change.

It also wastes valuable resources that could serve useful purposes if harnessed.

Turning Waste Into Electricity

Oil companies have long faced challenges with gas flaring, especially in remote areas where building pipelines and processing facilities isn’t cost-effective. The high cost of capturing and transporting gas makes flaring the easiest solution.

However, new technologies now allow these companies to convert flare gas into electricity. Modular, mobile power units are now available, which burn raw natural gas to generate power on-site.

This electricity can support field operations or power data centers that require high energy in remote locations.

Starting a new mining operation might not make sense for everyone, but it’s much easier for energy companies that already have large facilities fit for crypto mining.

Recent projects in the United States, Canada and Alaska use mobile power units to capture flare gas. These projects operate in shale basins and other remote oil fields where infrastructure is limited.

The approach saves money and reduces harmful emissions. However, generating power from associated gas requires gas conditioning units to clean and stabilize the gas (which significantly increases CAPEX) and specialized engine tuning.

In practice, oil and gas giants typically don’t handle these issues themselves but instead partner with large mining data centers, which set up and configure all the necessary equipment for gas processing.