Re:Bitcoin mining becomes unprofitable as BTC price falls to...
by MarkMarine on Sunday June 19, 2022 @03:53AM
(#31797219)
I worked for a startup that tried to do this, compressing at the wellsite to capture the flared gas. It’s an extraordinary amount of gas just flared off in a year
Re:Bitcoin mining becomes unprofitable as BTC price falls to...
by majewsky on Sunday June 19, 2022 @07:09AM
(#31798240)
There are other useful things to do with "stranded energy" though. In Northern Germany, they're now building hydrolysis plants to convert excess offshore wind energy into hydrogen. And if we're talking about natural gas wells, you already have a pipeline infrastructure in place, so it's not that far of a stretch to add a hydrogen pipeline to that.
As a result, the power is only going to be useful if you can move whatever consumes it to that location.