Oil giant ConocoPhilips reduces gas flaring emissions via Bitcoin mining
Oil and gas giant ConocoPhilips has entered the Bitcoin mining business in a bid to profitably reduce carbon emissions.
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Oil and gas giant ConocoPhilips has entered the Bitcoin mining business in a bid to profitably reduce carbon emissions.
The proposal aims to recognize crypto mining as a commercial activity and introduce taxes on its realized profits.
In one instance, Bitcoin miners are helping oil companies cut flaring by using generators running on natural gas that would otherwise be burned into the atmosphere.
The U.S. Treasury affirmed that crypto miners and wallet operators are exempt from the IRS reporting rules, preparing appropriate regulations.
The network hash rate jumped 31.69% — from 188.40 EH/s to 248.11 EH/s — in just one day, further ensuring resilience against attacks on the Bitcoin network.
Over 15,000 users, mainly small individual miners, are part of the still-growing Braiins (Slush Pool) ecosystem.
Sustainable Bitcoin mining gets a boost from the joint venture between mostly hydro-powered BTC miners Merkle Standard and infrastructure provider Bitmain.
Not only does one Norwegian Bitcoin miner boast 99% renewable energy stats but it’s even using waste heat to dry out timber and soon seaweed.
President of Kazakhstan Kassym-Jomart Tokayev has instructed authorities to identify all crypto mining enterprises and increase the electricity surcharge they are required to pay. The state is not against legal…