Oman will start using associated gas for bitcoin mining
The pilot project aimed at reducing emissions will be launched in late 2022 or early 2023
02.06.2022 - 10:00
543
1 min
0
What’s new? Generators and equipment for bitcoin mining will be deployed in the Omani capital, Muscat. The new farm will use associated petroleum gas (APG) in order to reduce its emissions. This is reported by Bloomberg.
What else is known about the project? It will be implemented jointly with Crusoe Energy, a US company that specializes in providing technological solutions for mining at the expense of oil and gas. According to Crusoe’s CEO Chase Lochmiller, the company’s presence in the Middle East is very important as the region accounts for 38% of the world’s burning of excess associated natural gas.
The pilot project for BTC mining in the Middle East is expected to be launched by late 2022 or early 2023. It is known that the Oman Investment Authority was involved in Crusoe Energy’s funding round in April. The total amount of funds raised in the round amounted to $505 million.
What events happened before? In March, Exxon Mobil announced plans to mine cryptocurrencies in the oil fields. The industrial giant entered into an agreement with startup Crusoe Energy Systems to use associated gas as an energy source.
In October 2021, Russian oil producers also proposed mining cryptocurrencies in the oil fields using associated gas.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$88 193
BTC
-1.34%
-
Ethereum
$3 117.51
ETH
-1.74%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Dogecoin
$0.387452
DOGE
+0%
-
Ripple
$0.823465
XRP
+19.57%
-
Cardano
$0.58168
ADA
+1.29%
-
Bitcoin Cash
$425.5
BCH
-2.17%
-
Polkadot
$4.92
DOT
-2.5%
-
Litecoin
$83.95
LTC
+11.83%
-
Stellar XLM
$0.136943
XLM
+10.95%