Argentinian oil company Tecpetrol will mine Bitcoin by using waste gases produced during oil production.
Tecpetrol is preparing to break new ground in the world. In the news presented by the local press on September 24, it was stated that Tecpetrol uses energy obtained from harmful gases produced during the oil production process. Bitcoin (BTC) mining will be done specified. In this way, the company both reduces the resulting gases and optimize by an environmentally friendly attitude while exhibiting and producing Bitcoin additional income will get it.
It is located in the region preferred by the company for oil production. They can purify harmful gas There is no facility. The company is aware that this gas must be purified or stored safely in accordance with the regulation. solution facilities with similar problems will be an example It has a quality.
Argentina in Patagonia In the “Los Toldos II Este” region, located north of Vaca Muerta first gas-powered Bitcoin miner Techpetrol, which is very close to realizing its facility, has started mining October with the end November He plans to start between the beginning of the season. Company at least 35,000 barrels of oil per day aims to remove.
Making a statement on the subject, Tecpetrol CEO said: Ricardo Markouspointed out the importance of using these waste gases for a more sustainable business rather than releasing them into the environment:
Given our inability to release the gas into the environment, we chose to implement cryptocurrency mining operations.