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Bitcoin Miners Convene with Texan Oil and Gas Executives to Talk Energy

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BeInCrypto –

At a recent meeting of 200 oil and gas executives and bitcoin miners in Texas, flared, vented and stranded gas assets were discussed as a way forward for bitcoin miners to deal with their ever-increasing electricity and energy requirements.

One Texas native described in a report by CNBC on the topic named Hayden Griffin Haby III, formerly a surface landman, has been exclusively mining bitcoins for the last nine months. Haby co-founded a company that powers bitcoin mining setups with flared, vented, and stranded natural gas assets.

An interesting confluence of events occurred, with the Chinese government banning crypto mining rigs this past spring. This could potentially result in an influx of Chinese crypto-miners into Houston, to make use of the novel energy resource provided.

This story was seen first on BeInCrypto Join our Telegram Group and get trading signals, a free trading course and more stories like this on BeInCrypto