While reducing oil field emissions by 63 percent. 💰 engineering
Earning large amounts of money from mining cryptocurrencies is no surprise but cryptocurrency mining is an extremely energy-consuming process. Bitcoin mining consumes more than 125 terawatt-hours a year, more than all of Argentina’s annual consumption, according toFlare gas is burned by oil drillers when they hit a natural gas formation while drilling for oil.
Upon noticing this immense loss of energy, Brent Whitehead, an engineer from a family of oil and gas producers, and Matt Lohstroh, a finance major and a Bitcoin enthusiast, combined their wealth, accumulated from lawn care and landscaping, and co-foundedThe company places its mining rigs, which are in a shipping container, on an oil well and then divert the natural gas into generators to power their mining rigs.
Giga, despite being a young company, has 11 employees and already signed deals with over 20 oil and gas companies, and is in talks with sovereign wealth funds.The Texan partners reduce the CO2-equivalent emissions by about 63 percent compared to continued flaring with their idea,“Growing up, I always saw flares, just being in the oil and gas industry. I knew how wasteful it was,” Whitehead
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Annual Dallas Morning News Charities campaign raises over $1.2 million for 23 North Texas nonprofitsThe Dallas Morning News Charities wrapped up its annual fundraising campaign with more than $1.2 million in donations that will benefit 23 nonprofits...
Consulte Mais informação »
Rams beat Bengals to win Super Bowl LVI 23-20 after mounting impressive scoring driveThe Rams are the team loaded with veterans and the Bengals are the new kids on the block - who will take home the Lombardi trophy? It all happens tonight at SoFi Stadium.
Consulte Mais informação »
Super Bowl Live: Rams Win Super Bowl 23-20 Over BengalsCooper Kupp caught a 1-yard touchdown pass from Matthew Stafford with 1:25 remaining and the Rams beat the Bengals 23-20 to win the Super Bowl on Sunday night. SuperBowl
Consulte Mais informação »
Los Angeles Rams come back to win Super Bowl LVI 23-20 at homeLate go-ahead touchdown toss from Stafford to Kupp robs Cinderella Bengals in the first Super Bowl at SoFi Stadium.
Consulte Mais informação »
Rams Beat Bengals 23-20 To Win Super Bowl LVIStafford and Kupp's late touchdown connection ultimately helped the Rams overcome a seven-point deficit, a lack of a running game and a handful of key injuries on offense.
Consulte Mais informação »
Super Bowl LVI: Rams rally past Bengals, 23-20Game MVP Cooper Kupp won the game-winning pass from Matthew Stafford to cap a 15-play drive.
Consulte Mais informação »