Bitcoiners say using associated gas from oil wells for mining is better for everyone. Eco-activists say it’s an excuse to keep fossil fuel production alive. baidakova looked into the arguments For MiningWeek, presented by FoundryServices
However, if the oil field is in a remote location with no people living around it, there are simply no consumers to use this power and it’s hard to deliver it to the nearest village or city.
So now, the price might not be the biggest advantage of associated gas-fueled energy, and there are some significant disadvantages. For one, it’s not coming in a consistent stream big enough to power the mining farm, which needs to be on 24/7.When the oil well is first drilled, for the first few months, there is usually a lot of gas, but later, the stream becomes less consistent, with outputs fluctuating during the day, causing interruptions for the mining.
“Oil and gas companies are motivated to reduce emissions, but the regulations are not as scary as many people think they would be,” Gerasimovich said.
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