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These 23-year-old Texans made $4 million last year mining bitcoin off flare gas from oil drilling

Yagael

2022-02-13 (10:46:45)

Block user

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KEY POINTS

• Brent Whitehead and Matt Lohstroh are mining bitcoin off flare gas from oil drilling.
• Their company, Giga, places a shipping container full of thousands of bitcoin miners on an oil well, diverts the natural gas into generators, which convert the gas into electricity that is then used to power the miners.
• The process reduces CO2-equivalent emissions by about 63% compared to continued flaring, according to research from Denver-based Crusoe Energy Systems.

Reply 2

BabaYaga_profile-image

2022-02-15 (03:10:25)

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Reply

I love to be a miner, a bitcoin miner to be exact

Yagael_profile-image

2022-02-17 (10:11:56)

Block user

year 2011, if we can just go back to that moments

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