According to the bitcoin mining procedure and also mining gear reseller, Compass Mining, a new documentary will certainly be launched that covers the bitcoin mining procedures in central Wyoming. The documentary, called “Bitcoin in Cowboy County: Wyoming’s Powder River Miners,” will certainly premiere at the Empower Conference in Houston, Texas, on March 31.
Compass Mining and also JAI Energy to Premiere Bitcoin Mining Documentary at Empower Conference in Texas
A new documentary is appearing that’s focused around the topic of bitcoin mining and also its partnership with the oil and also gas sector in Wyoming. The documentary is being broadcast by Compass Mining and also will certainly feature the bitcoin power solutions carrier JAI Energy. “[The film] showcases how JAI Energy is harnessing excess energy from oil natural gas production to create value out of otherwise wasted resources,” a declaration from Compass Mining sent out to Bitcoin.com News discusses.
The news keeps in mind that JAI Energy was especially developed to “mine and provide bitcoin mining services for applications involving stranded, flared, and poor economic natural gas streams.” The firm has a mining center situated in the state of Wyoming in Casper, and also the procedure is included in the motion picture. According to Compass Mining, the state of Wyoming is where all production of JAI Energy’s mining information facilities occurs. William Foxley, the supervisor of the documentary and also material supervisor at Compass Mining, claimed the group is “excited to tell JAI Energy’s story.”
“Natural gas has so many advantages for bitcoin mining. JAI and other miners create value off an otherwise wasted resource,” Foxley clarified in a declaration. “With the documentary, we wanted to humanize the Bitcoin mining industry by bringing the viewer to the scene of action. Bitcoin mining is revolutionizing the future of the oil and natural gas industry in Wyoming and Texas, and we are lucky enough to show it first on tape.”
The documentary complies with the news that was dripped recently that kept in mind Exxon Mobil Corporation (NYSE: XOM) was functioning in North Dakota piloting a gas-to-bitcoin mining program with Crusoe Energy Solutions. In enhancement to business like Crusoe Energy and also JAI Energy, various other companies like Upstream Data, Greenidge Generation, and also EZ Blockchain supply gas-to-bitcoin solutions too. A CNBC record highlights that Exxon Mobil and also Crusoe Energy are getting rid of over 10 million cubic feet of methane gas each day by mining bitcoin (BTC).
“At Compass, we want to make bitcoin mining accessible to everyone. We love that JAI Energy is providing an innovative solution to problems in the oil and gas industry by capturing flared gas, converting the gas into electricity, and producing bitcoin off the stranded energy,” mentioned Whit Gibbs, the CHIEF EXECUTIVE OFFICER of Compass Mining.
What do you consider the upcoming documentary including the gas-to-bitcoin remedy offered by JAI Energy? Let us understand what you consider this topic in the remarks area listed below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This short article is for informative objectives just. It is not a straight deal or solicitation of a deal to acquire or market, or a referral or recommendation of any kind of items, solutions, or business. Bitcoin.com does not supply financial investment, tax obligation, lawful, or accountancy suggestions. Neither the firm neither the writer is liable, straight or indirectly, for any kind of damages or loss triggered or declared to be triggered by or in link with making use of or dependence on any kind of material, products or solutions discussed in this short article.