Crypto entrepreneurs say they’ve solved bitcoin’s biggest problem

From news.com.au

As the value of bitcoin soars and concerns rise about the energy-intensive process needed to obtain it, cryptocurrency entrepreneurs in the United States believe they have found a solution in flared natural gas. Mining bitcoin and other cryptocurrencies requires masses of computers dedicated to solving deliberately complicated equations. It’s an endeavour that globally consumes more electricity than entire nations, but these start-ups say the jets of flaming gas placed next to oil wells are perfect power sources. “I think the market is enormous,” said Sergii Gerasymovych, CEO of EZ Blockchain, which has six ... (full story)