YPF Luz, a subsidiary of the Argentine state-owned YPF, is running a pilot project to take advantage of residual gas to power Bitcoin mining operations.
YPF Luz, a subsidiary of the Argentine state oil company YPF, is currently piloting a project to power bitcoin mining operations with residual gas. The initiative, which is currently being tested in Vaca Muerta, one of the biggest oil fields in the country, seeks to take advantage of this byproduct from the initial stages of oil well drilling.Cryptocurrency miners are always looking for new forms of getting cheap and convenient power sources to run mining operations.
YPF Luz, a subsidiary of the state-owned YPF in Argentina, is running a pilot project to take advantage of flare or residual gas to power bitcoin mining operations. This project, which has been running for three months in Vaca Muerta, a large oil field in the country, seeks to take advantage of this gas, which would be otherwise be burned.The gas in these oil fields cannot be taken to other sites to be used, so the only way is to bring interested parties to the zone.