The latest natural gas award in the Bitcoin Miner Energy Contest

With the soaring value of Bitcoin and concerns about the energy-intensive process required to obtain Bitcoin, American cryptocurrency entrepreneurs believe that they have found a solution to the problem of natural gas burning.

To profitably create or mine Bitcoin and other cryptocurrencies requires the use of a large number of computers to solve deliberately complex equations-this effort consumes more electricity globally than the entire country, but these start-ups say that it is different from oil Adjacent to the well is the spouting combustible gas well, which is the perfect source of power.

Sergii Gerasymovych, CEO of EZ Blockchain, said: “I think the market is huge. In Utah and New Mexico and Canada, six different data centers have closed natural gas data centers.

Across the country, companies like EZ Blockchain are building transport containers, in which racks with hundreds of computers are used to mine cryptocurrencies. The oil is fueled by natural gas from oil wells that would otherwise burn in the open.

In the past year, people have become more and more interested in their work. Since the Covid-19 pandemic reversed the global economy, the prices of Bitcoin and other cryptocurrencies such as Ethereum and Dogecoin have skyrocketed, and mainstream companies have begun to adopt the technology.