Canadian oil producer mines bitcoin, snuffs out gas flare
Mobile data centre consumes enough gas for more than 1,500 homes
There is an urgent need to rapidly curb the practice of flaring and venting waste natural gas at upstream oil wells. There is also growing interest in using this gas to power remote energy-hungry computing applications, such as cryptocurrency mining and data processing. One start-up in this field has just completed its latest installation to capture a not insignificant amount of gas and put it to economic use.
Texas-based leading oil and gas service provider Silver Energy partnered with EZ Blockchain, a Chicago-based cryptocurrency mining management company, to solve a gas flaring problem at a site in Alberta, Canada.
EZ Blockchain installed the first mobile data centre filled with crypto mining equipment at the site of a Silver Energy client in February 2021. The project installation took three days and the data centres were fully operational by March 2021.
As a result, the project size reached almost 1 MW of power consumption, all of which is processed from 25…