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Oil Companies In The Middle East To Use Excess Gas For Bitcoin Mining: Report | Bitcoin Miningbitcoinmagazine.com/business/middle-eastern-oil-companies-to-use-excess-gas-for-mining-bitcoin
113 sats \ 4 comments \ @BTCMiner 1 Jun 2022 bitcoin
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20 sats \ 0 replies \ @purpurato 1 Jun 2022
This is what world bank says about their own initiative after 10 years on it: https://www.worldbank.org/en/news/press-release/2022/05/04/a-decade-of-stalled-progress-on-reducing-global-gas-flaring Meanwhile BTC mining is doing waymore than their centralized initiatives, bravo @CrusoeEnergy
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0 sats \ 0 replies \ @BTCMiner OP 1 Jun 2022
@CrusoeEnergy is pleased to announce its partnership with @Oman_OIA to scale Digital Flare Mitigation in Oman. Oman has committed to the @WorldBank's Zero Routine Flaring Initiative and Crusoe is excited to help them get there https://bloomberg.com/news/articles/2022-06-01/oman-backs-u-s-firm-mining-crypto-to-cut-natural-gas-flaring
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0 sats \ 1 reply \ @BTCMiner OP 1 Jun 2022
The pilot for the first Middle Eastern deployment is expected to launch by the end of the year or early 2023.
“Oman is committed to reduce greenhouse gases in line with the Paris climate agreement”.
The Oman government reportedly signed on with the World Bank to end routine flaring by 2030, and invested in Crusoe last year. Oman increased its stake in the company this past April.
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0 sats \ 0 replies \ @BTCMiner OP 1 Jun 2022
Here is the article from Bloomberg, referenced in the Bitcoin Magazine article:
Denver-based Crusoe will open an office in Muscat, Oman, to help deploy power generators and mining equipment for capturing gas at well sites
The Middle East and North Africa account for about 38% of the world’s flaring -- the burning of excess natural gas from oilfields.
Oman Backs U.S. Firm Mining Crypto to Cut Natural Gas Flaring https://www.bloomberg.com/news/articles/2022-06-01/oman-backs-u-s-firm-mining-crypto-to-cut-natural-gas-flaring https://archive.ph/bGtkL
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