Bitcoin Mining to Help Reduce Wastage and Costs Associated with Oil Companies

2019-7-20 23:40

In a recent post shared by Bitcoin. com, arguments have been made in relation to how crypto mining activities can help oil companies reduce both their costs and excess oil, where the latter typically goes to waste.

According to the claims made, flare gas is deemed a liability for oil companies and for this reason, shale […].

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oil companies bitcoin made help reduce costs

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Источник: bitcoinexchangeguide.com

oil companies → Результатов: 24

Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint

Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere.

2019-7-19 16:00
companies oil bitcoin footprint helps mining reduce

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Major Energy Companies Invest $6 Million in Blockchain Startup Data Gumbo

The American blockchain startup Data Gumbo Corp. secured $6 million in its Series A funding. It was co-led by the venture arm of the largest petroleum and natural gas company Suadi Aramco, reported World Oil on May 8, 2019.

2019-5-10 23:00
blockchain data gumbo million corp funding startup

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Hut 8 Mining on Sustainability, Expansion and Surviving Crypto Winter

Hut 8 Mining (named after Hut 8 in Bletchley Park, where Alan Turing broke the enigma code and accelerated the end of World War II) has just filed its audited financial statements for 2018, detailing a tight but still profitable bitcoin mining business.

2019-5-10 20:04	Mining
hut mining bitcoin kiguel bitfury energy said

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Oil Field Alchemy: How Bitcoin Can Turn Waste, Emissions into Proof-of-Work

In a handful of oil fields in the Great White North, natural gas, an otherwise wasted drilling by-product, is being put to work. But it’s not being used to well more oil; it’s being used to mine bitcoin.

2019-5-8 20:07	Bitcoin
gas barbour oil companies data upstream bitcoin

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Fin Foundation Plans to Implement Token Payment on Gas Stations all over Western Europe

Bitcoin Press Release: Fin Foundation, a newly created company with South Korean roots, are aiming to take over the Russian and CIS gasoline market, by implement the FIN token as a method of payment at gas stations.

2019-4-28 20:35	Press releases
gas fin stations foundation payment implement token

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Fin Foundation Plans to Implement Token Payment on Gas Stations all over Western Europe

April 2019, Burgas, Bulgaria – Fin Foundation allows crypto holders to pay for petrol in crypto and get discounts in price. Oil and gas companies have recently become interested in the Fin Foundation project, because for them it is an opportunity to attract a new audience (e.

2019-4-26 00:57
foundation gas fin stations oil crypto europe

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F-Secure report highlights the woeful state of insecurity in the energy industry

It is the most important industry in the world. Energy. We need it. Without it, nothing works. Without the oil producers and refiners, there’s no petrol to fuel our cars. Without power plans and the supporting infrastructure, there’s no electricity to keep the lights on.

2019-4-16 22:50	security
without energy nothing f-secure reason state industry

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Canadian Oil Businesses Are Taking Part in Bitcoin Mining Activities Using Natural Gas Resources

Canadian oil companies seem to be mining Bitcoin (BTC) with the excess of gas they have. Mining activities have been expanding in many countries around the world and specifically in those with low temperatures and low electricity prices.

2019-3-30 17:46	News
bitcoin mining canadian oil gas low activities

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Canadian Oil Companies are [Somehow] Mining Bitcoin: the Next Big Trend?

Mining for Bitcoin is a unique and modern twist on what has typically been a traditionally non-digital activity that has powered economic growth around the world for centuries – oil mining. Although mining for oil and mining for Bitcoin share few similarities beyond the principle concept, a unique system in place at a Canadian oil.

2019-3-30 01:00	Oil
mining oil bitcoin canadian somehow unique trend

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Seven Ways Blockchain Can Revamp The Oil And Gas Industry

Written by Gregory S Mathew Blockchain, the underlying technology behind the sensational Bitcoin, could profoundly impact the Oil and Gas industry by cutting down on operational time and costs while also introducing more transparency to the industry.

2019-3-26 17:45
oil industry gas seven blockchain technology revamp

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Norwegian Fund Hosts $7 Billion Mega-Sale of Energy Companies

The Norwegian Sovereign Fund has announced a $7 billion sale of shares for 134 exploratory fossil fuel and energy companies. Norway owns the largest sovereign fund in the world, the Government Pension Fund Global (GPFG), which is valued at over $1 trillion.

2019-3-21 00:44
fund oil companies energy billion norwegian stocks

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Chevron, ExxonMobil Headline a 7 Company Initiative to Create an Oil & Gas Blockchain Consortium

Chevron, ExxonMobil And Five Other Companies Form a New Gas And Oil Blockchain Consortium ExxonMobil, Chevron and five other companies from the oil and gas industry have recently decided to form a consortium in order to create a blockchain together, as affirmed via a press release. This new initiative will be called Oil & Gas […]

2019-3-2 02:46	News
gas oil blockchain consortium chevron exxonmobil form

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Blockchain-powered Commodity Trading Platform Vakt Signs Four New Clients

Vakt, a blockchain-powered oil trading platform based out of London has enrolled onshore companies responsible for two-thirds of all deals in the economically important waters of the North Sea, Financial Times reported on February 25, 2019.

2019-2-27 22:00
vakt sea blockchain-powered all blockchain trading platform

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How Apple & Google Transformed into a Systemic Risk to the US Stock Market

According to Credit Suisse strategists, the “reversal of fortunes” seen by tech behemoths Apple and Google-parent Alphabet are dragging down the performance of the overall US stock market. The S&P 500 forecast has been “skewed” by companies suddenly transitioning from high growth forecasts to much more modest outlooks.

2019-2-7 01:54	S&P 500
apple market stock 500 companies high forecasts

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Future Technologies Company (FTC): investment in innovation. Company overview

Investment company teams offer services to private investors and they promise much more interesting conditions than a bank deposit. To determine whether an investment company is credible, you can google the phrase Future Technologies Company feedback.

2019-2-5 11:56
company investment offer future technologies impressive results

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Major Oil and Gas Companies Join New Blockchain Oil Trading Platform VAKT

On January 16, London-based blockchain oil trading platform VAKT announced that oil and gas giants Chevron, Total and Reliance have joined its new blockchain-powered commodity trade platform. VAKT Puts Oil onto the Blockchain VAKT’s mission is “to digitize the global commodities trading industry, creating a secure, trusted ecosystem, powered by blockchain,” according to its website.

2019-1-17 04:00
oil blockchain vakt trading platform gas new

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Chevron, Reliance and Total Join Vakt Blockchain Based Energy Trading Platform

Many major oil companies such as Chevron, the major Indian refiner Reliance and Total have decided to join the oil blockchain platform Vakt. Vakt is already being used by many companies since last year and it is already launching blockchain pilot schemes.

2019-1-16 20:46	News
vakt blockchain companies major oil many platform

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Platform Launched in Belarus to Allow Users Buy Traditional Assets with Bitcoin

VP Capital and Larnabel Ventures, two information technology-focused venture firms in crypto-friendly Belarus have launched a platform that makes it possible for users to buy tokenized traditional assets such as gold, oil, shares of companies and more, using bitcoin and other cryptocurrencies, reported Reuters on January 15, 2019.

2019-1-16 16:00
bitcoin belarus platform shares cryptocurrency gold buy

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Platform Launched in Belarus to Allow Users to Buy Traditional Assets with Bitcoin

2019-1-17 16:00
bitcoin belarus cryptocurrency platform shares gold buy

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The last resort of failing tech companies is UX design – it won’t save them

Facebook is using billboards to demonstrate their commitment to fighting fake news. Uber is running TV spots to illustrate the company’s commitment to doing good. Once considered disruptors, digital companies are now using the same strategies oil and tobacco companies used back in the ’90s to project the illusion of an optimistic future — while their design teams are still tied to aggressive, revenue-driven, short-term metrics.

2019-1-1 16:00	Syndication
companies commitment using tech design conversation side

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World’s First Blockchain-Based Oil Trading Platform Launched

VAKT, a blockchain-based consortium formed by leading oil and energy sector companies announced the launch of its commodity post-trade management platform through a press release dated November 29, 2018.

2018-12-2 05:00
oil platform launch energy world btcmanager november

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Like Oil and Water: Artificial Intelligence and Blockchain

Is there any truth to organizations combining AI and Blockchain or is it still a wild pipedream? With both technologies luring investors with promises of billions in annual revenues, the subject merits some research.

2018-8-8 11:00	Mining
blockchain intelligence artificial like oil water technologies

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Bringing IoT and Blockchain Applications Together to Avoid Human Error

ULedger and Fetch. ai have joined resources to tackle the problems caused by human error in today’s economy. Based in Boise, Idaho, ULedger is an international technology firm with offices in Kosovo, Italy and Austria.

2018-7-5 16:38	blockchain
fetch data uledger use digital blockchain iot

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Op Ed: Utility Token? Why You’re Still Better Off as a Security

The SEC’s proclamation that ether (ETH) is not a security has sparked some celebration amongst the cryptocurrency community. Regulatory clarity is always a good thing, but ICO operators shouldn’t see this as a reason to put the champagne on ice.

2018-6-26 19:36	Op-ed
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Genesis Digital Assets to Mine Bitcoin using Argentina’s Stranded Gas

Bitcoin mining activities are on the rise globally, showcasing the resilience of this highly competitive industry. Genesis Digital Assets Limited has announced an initiative to mine Bitcoin using stranded gas in Argentina.

Arkansas governor to reportedly sign two bills regulating crypto mining activities

Arkansas State Governor Sarah Huckabee Sanders is expected to sign two new bills regulating crypto mining activities within the state, according to various sources. The state lawmakers passed Senate Bills 78 and 79 on May 1 to tighten the regulations governing crypto miners in the state.

Babylon Chain aims to enhance Bitcoin’s utility through staking, reveals CEO

In the latest episode of the SlateCast, CryptoSlate welcomed David Tse, CEO and co-founder of Babylon Chain, to discuss the groundbreaking concept of Bitcoin staking and its potential to secure Web3.

Jack Dorsey’s Block Is Building a Bitcoin Mining System

The firm also completed the development of its three-nanometer mining chip, which it had been working on since April 2023.

Marathon Brings The Heat As Bitcoin Halving Approaches

In a sit down with Bitcoin Magazine just days before the Halving, CEO of Marathon Digital Holdings Fred Thiel articulates his plan to capitalize on the main byproduct of mining bitcoin: heat.

New legislation in Arkansas singles out Bitcoin miners introducing targeted state fee

The Arkansas Senate has greenlit a resolution introducing legislation to impose fees on crypto miners for excessive energy consumption, Arkansas Times reported on April 15. The proposed legislation introduces a tiered fee structure to the emerging industry.

Bitcoin set to reach $90,000 by year-end, forecast Bernstein analysts

Bernstein is bullish on Bitcoin, raising its year-end price target to $90,000 and extending the positive outlook to Bitcoin miners.

2019-7-20 23:40

oil companies → Результатов: 24

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