TD₿: Bitcoin: A way to make the oil and gas industry more resilient by Marty Bent
TL;DR The symbiotic relationship between the O&G industry and Bitcoin miners will lead to a more profitable, environmentally friendly, and resilient future.
Hey Bitcoiners,
The most ironic aspect of the energy FUD that surrounds Bitcoin is that Bitcoin may be one of the single most important technologies to help achieve some of these environmentalist’s goals for the planet.
By being a flexible demand load, Bitcoin mining can help reduce carbon emissions and make stranded/wasted energy profitable, make renewable projects more economic, and improve the resiliency of the electrical grid.
Most of the people that I speak with who actually work in the energy industry are quick to recognize the benefits and potential that Bitcoin mining could bring to their industry.
Marty Bent wrote a post explaining the symbiotic relationship that exists between Bitcoin miners and oil & gas producers in this piece (02/01/2021).
There’s still misinformation abound surrounding Bitcoin’s energy use, but that hasn’t stopped builders from building.
Today there are numerous mining entrepreneurs integrating themselves with oil & gas producers, renewable companies, as well as, grid operators to harness the benefits of Bitcoin mining.
This is only the beginning of Bitcoin mining and the Bitcoin energy revolution.
Tick tock next block,
Cory Klippsten
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Quote of the Day
“Bitcoin has emerged as the greatest industrial use of energy in the world. Bitcoin miners can monetize any energy, anywhere, at any scale & frequency, more efficiently and at a higher rate than any competing technology.” - Michael Saylor, CEO of Microstrategy
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