British company FMI Minecraft is working on a project to mine the cryptocurrency Bitcoin using natural gas from Argentina’s Vaca Muerta. The project would be in the Zapala free trade zone in the province of Neuquén and source gas from the Vaca Muerta, or ‘Dead Cow’ shale formation. “Vaca Muerta is great because there are…
Tag / cryptocurrency
Subscribecryptocurrency
Articles from cryptocurrency
Cryptocurrency Mining Showing Promise to Mitigate Natural Gas Flaring in North Dakota
Data centers used to mine cryptocurrency such as Bitcoin are proving an attractive option to mitigate natural gas flaring in North Dakota, the state’s top oil and gas regulator said Wednesday. The energy-intensive process of solving cryptographic puzzles to verify transactions on the distributed network known as the blockchain requires a round-the-clock source of reliable…
October 15, 2021
Ecoark Looking to Power Cryptocurrency Mining with Constrained Natural Gas
San Antonio-based Ecoark Holdings Inc. plans to begin beta testing a cryptocurrency mining approach in May that would be powered by natural gas that is constrained by a lack of infrastructure. The diversified holdings company established a strategic initiatives team in February to analyze ways to deploy capital for the test project. Led by CFO…
April 13, 2021
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
