ryanjordan on Nostr: “144 billion cubic metres of natural gas are vented or flared worldwide every year ...
“144 billion cubic metres of natural gas are vented or flared worldwide every year because it is not worth building a pipeline or collecting the gas in any other way.
Venting natural gas releases methane into the atmosphere, which is a more potent greenhouse gas than carbon dioxide.
Since #Bitcoin miners can go where the energy source is, this otherwise wasted energy can be used. In fact, the operators of these petroleum deposits have a financial incentive to use this energy.
This wasted energy alone is enough to power the entire #Bitcoin network several times over.
Mining #Bitcoin is good for the environment because it gives companies an economic incentive to use stranded or wasted energy.”
CarlBMenger (npub10wv…v22x)
Venting natural gas releases methane into the atmosphere, which is a more potent greenhouse gas than carbon dioxide.
Since #Bitcoin miners can go where the energy source is, this otherwise wasted energy can be used. In fact, the operators of these petroleum deposits have a financial incentive to use this energy.
This wasted energy alone is enough to power the entire #Bitcoin network several times over.
Mining #Bitcoin is good for the environment because it gives companies an economic incentive to use stranded or wasted energy.”
CarlBMenger (npub10wv…v22x)