Utah-based oil company Wesco Operating Co. is using excess gas (natural, not Ethereum) to power a Bitcoin mining operation.
Rather than being “flared,” or burned, to eliminate it, the natural gas is burned to run electrical generators, which in turn power two mobile data centers that process Bitcoin transactions, Wesco representative Steve Degenfelder explained.
The company has connected with a Chicago-based firm, EZ Blockchain, to acquire the two Bitcoin “miners,” portable data processors tied to the Internet.
Check It Out: Oil Producer ‘Wesco’ Uses Excess Natural Gas to Mine Bitcoin
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