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Methane-Capturer Vespene Energy Raises $4.3M To Help Cities Mine Bitcoinbitcoinmagazine.com/business/landfill-gas-bitcoin-miner-vespene-raises-4-3-million
201 sats \ 2 comments \ @happy 9 Aug 2022 bitcoin
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0 sats \ 1 reply \ @BTCMiner 9 Aug 2022
Vespene utilizes micro-turbines installed at municipal landfills to convert excess or wasted methane gas into electricity which is then fed to bitcoin mining data centers. As Vespene provides this infrastructure, the municipalities have a completely hands-off experience which enables a completely new revenue stream with zero cost to the municipality.
“Our goal is to mitigate a major source of greenhouse gas emissions and help fuel the transition to a renewable energy future by using bitcoin mining to turn landfill methane streams into revenue streams for our customers,” said Vespene Energy co-founder and CEO Adam Wright.
“And because our sites require no connection to the grid or pipeline buildout, we can turn otherwise harmful and wasted landfill methane into a clean power source for carbon-negative Bitcoin mining in about six months,” said Wright.
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0 sats \ 0 replies \ @BTCMiner 9 Aug 2022
Here's another article on this, from CoinDesk:
According to a U.N. report, methane is a harmful greenhouse gas with a 100-year global warming potential that is 28 times to 34 times greater than carbon dioxide. Citing the Environmental Protection Agency (EPA), Vespene said that U.S. landfills account for 15% of U.S. methane emissions, but a recent NASA survey indicated that these numbers may be two times to three times higher.
Vespene will use the fresh capital to launch its pilot site in California, making it the first company to convert wasted landfill methane into bitcoin, the company said. One Vespene module will take about four to six months to establish. Each module will have a power capacity of about 1.5 megawatts (MW) and eliminate 270,000 metric tons of CO2-equivalent per year, Vespene added.
Renewable Energy Company Closes $4.3M Capital Round to Convert Landfill Methane Into Bitcoin https://www.coindesk.com/business/2022/08/09/a-renewable-energy-company-closes-43m-funding-to-convert-landfill-methane-into-bitcoin https://archive.ph/WziYp <-- An archive, which may be easier to read
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