Cryptomining and flaring: see this post from June 29, 2021. Now this from ZeroHedge:
North Dakota and Wyoming have proposed tax incentives for prospective miners to set up shop and use flared gas as power. Other states are passing restrictions to limit flaring, which would incentivize energy companies to either build out their own crypto mining facilities powered with flared gas or offer a new source of cheap energy to third-party miners.
Crusoe Energy is another company using flared gas to power 40 data centers to mine crypto and plans to expand to 100 centers next year. The company is tackling two dilemmas facing the planet today - the increasing energy footprint of the tech industry and carbon emissions associated with the fossil fuel industry.
CCP's war against crypto has resulted in the global share of Bitcoin mining in China falling from 65% in 2020 to 46% this year. Meanwhile, the U.S. experienced a surge in mining from 7% to 17%.
Active rigs, NDIC did not provide list of active rigs:
| $79.35 | 10/8/2021 | 10/08/2020 | 10/08/2019 | 10/08/2018 | 10/08/2017 |
|---|---|---|---|---|---|
| Active Rigs | 26 | 13 | 56 | 64 | 59 |
One new permit, #38605:
- Operator: Hess
- Field: Baskin (Mountrail)
- Comments:
- Hess has a permit for an EN-Farhart well in SEE 35-157-93; 1080 FSL and 456 FEL
Ten permits renewed:
- Crescent Point Energy (9): the following CPEUSC permits -- Claire Rose (4); Chase Douglas (5)
- Enerplus: a Brugh Bear permit in McKenzie County
I fail to see how crypto mining is any less wasteful than just flaring to start with. These states should man up and flare. So sick of the flaring limits in ND. Hoist the pirate flag and flare.
ReplyDeleteGas is a waste if you don't have transport. And who is stopping the pipes from getting built? Donks. So flare their asses. And not those long horizontal ones, but big tall dramatic vertical ones.
As far as flaring goes, that train has already left the station.
DeleteI find the whole cryptomining "thing" and the amount of energy required incredibly fascinating.