A meetup in a vehicle warehouse in Houston served as an
encounter point for oil producers and bitcoin miners to talk about
possible on-site crypto mining opportunities last week. More than 200
investors attended the meeting to talk about an alliance, that would
allow oil producers to make more efficient management of their resources
and miners could take advantage of direct sources of energy that would
be wasted otherwise.
Oil Producers and Miners Meet to Talk Bitcoin Mining
Several oil producers and bitcoin miners met last week in Texas to
talk about the possibilities of on-site mining that Texas energy
producers could bring for them. The meetup, that happened in a vehicle
warehouse in Houston, served as a point of encounter to examine these
possibilities. Oil wells that are not so big to build pipelines into
their operations usually burn the natural gas pockets encountered on
site.
However, bitcoin (BTC)
mining can provide a better solution. This natural gas can be used to
power generators that would feed micro mining operations in each well.
This arrangement would bring benefits to both miners and producers and
would be also beneficial to the environment, not having to burn this gas
to release it into the atmosphere.
Parker Lewis, part of the people organizing the meeting, stated to CNBC he was confident in the success of the meetup. He stated:
“I just knew Houston would be prime to explode because of the energy connection to mining – if we organized a good meetup.”
Hayden Griffin Haby III is the product of the amalgamation of these
two worlds. He is an oilman that is also a bitcoin miner. Haby stated
that when he understood the return of a bitcoin mining operation, he
just had to jump into the bitcoin bandwagon. He stressed:
When I heard that you could make this much money for gas instead of
just burning it up into the atmosphere, thanks to the whole ‘bitcoin
mining thing,’ I couldn’t look away.
Taking Advantage of China’s Ousting
One of the key targets of Texas’ oilmen is to capture the numerous
bitcoin mining entrepreneurs that are still looking to relocate their
operations after being ousted
from China. Alejandro de la Torre is one of these miners that are still
shipping mining rigs from China to the U.S. He declared these miners
were in several Pacific ships waiting to be delivered to ports.
However, many of these deals are done secretly and aren’t disclosed
to the public eye. Some deals are protected by nondisclosure agreements
and other players in the space just don’t want to talk about their
relationships because it would give competitors in the space an edge.
source link : https://news.bitcoin.com/oil-producers-and-bitcoin-miners-meet-in-texas-to-discuss-cooperative-mining-possibilities/
