This portable Bitcoin mine is eating up the wasteful and harmful natural gas flares, and turning it into network security for 7.6 billion people around the world that rely on it. Carbon emissions literally transformed into money.
June 14, 2021
[ad_1]
This portable Bitcoin mine is eating up the wasteful and harmful natural gas flares, and turning it into network security for 7.6 billion people around the world that rely on it. Carbon emissions literally transformed into money.
This portable Bitcoin mine is eating up the wasteful and harmful natural gas flares, and turning it into network security for 7.6 billion people around the world that rely on it. Carbon emissions literally transformed into money. from Bitcoin
[ad_2]
View Reddit by DocumentingBitcoin – View Source
Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.
Bitcoin community planning to lend El Salvador $1 billion to de-enslave it from the IMF
Coinbase IPO: What is an IPO? What Does IPO Mean?
CNBC Analyst Brian Kelly Evaluates Bitcoin’s (BTC) Big Drop
32 Comments
>Carbon emissions literally transformed into money.
No. They’re still carbon emissions. Trading isn’t a transformation. Let’s not get carried away. Creating wealth is the benefit here. Reducing carbon is not. Perhaps that wealth can enable some carbon efficiencies if used properly, but there is no inherent incentive to do that created here. And there are some negative incentives to continuing the flaring. The social pressure remains however, so there’s hope (in addition to the new wealth, both good things which can lead to progress).
The best thing about bitcoin’s proliferation is that good people are getting rich, and will now have power to fight the bad people who have increasingly been benefiting from the central bank money printers. (yeah, yeah and freedom is good too)
I want an oil well with a bitcoin mine. How can I get one of these setups? I might even cover the whole thing with solar panels to buy some redundancy.
$35k setup cost to capture burn off of $800 of natural gas.
Well, not really. Pretty sure those huge engines are eating that gas and turning it into carbon exhaust.
Not sure what the carbon output difference would be between those engines running and gas flaring instead, but for estimation purposes I’ll say that operation has the equivalent of about 6 tractor trailers running at high idle.
This is Factorio levels of engineering.
I’d call this efficient, not environmentally friendly.
Low volt tech here. Can we get some fuckin cable management for the love of fuck??
Can anyone predict what the return on investment would be for this set up?
Elon Musk is sending rockets into space but complains about Bitcoin’s carbon footprint. The guy makes no sense 😂
Brilliant I love it
Portable?! What am I missing here 🤔
This are the real money printers.
Science!
If methane is 25x more potent a greenhouse gas’ than co2, burning turning all of it into BTC at the margin makes sense. What else can they do with it? especially when getting a pipeline built is near impossible
Wait wait wait wait. 7.6 billion people? Not everyone uses bitcoin buddy
And this my apes is why you must do your DD on BFARF an OTC Toronto exchange. They are 100% powered w environmentally friendly hydro power and secured w long term power contracts. They’ve also been approved to get up listed to NASDAQ. Wait until the Robinhood crew gets a hold of this energy efficient pile of rocket fuel🚀🚀🚀
What’s so sweet is how btc incentivises you to do your setup, increasing network security
Bit of a stretch to claim 7.6 billion people rely on the Bitcoin network.
Whatever
Nobody needs to please environmentalist fags, Bitcoin in itself has done much more for humanity than all those retards who whine about carbon footprints
The problem is you will never satisfy the government until per gates (p) equation goes to near zero.
Now that is super cool!
Not sure what I’m looking at. What are those pumps? How is this being powered?
Headline is a bunch of BS. Wasteful – yes. Harmful, still exists. The ONLY reason the portable mine is in place is to use low cost fuel to create $$$. Lets get real here people. Network would still be secure with 80% reduction in BTC mining exquipment. Headline – “Low cost source of energy sourced” – doesnt have the same ring without the BS i admit!
Holy cow, there are 7.6 billion Bitcoin wallets now? That happened fast!
Okay holy fucking shit man
Why not do something useful with the energy, e.g., generate hydrogen?
What are you claiming 7.6 billion people around the world rely on exactly?
Eats up harmful gas flares huh? Please, prey tell—how does this work?
Think you overcounted the Bitcoin holders at 7.6 billion
Didn’t know 7.6 billion people rely on bitcoin.
Explain this like I am five 🙏🏽
“Portable”