Hi, is it gas? – In Pennsylvania, mining machines don’t lack energy to mine bitcoin. Concern ? They do it very loudly. A little too much. An idea, however ingenious at the base, has become a real ordeal for the inhabitants of the region. Explanations.
When mining goes out of shape…
Hell is paved with good intentions. An expression that has its place in the company led by the mining company Diversified Production LLC. This one had, indeed, a rich idea to reduce its electricity costs: to install its farm of mining in full heart of old gas drilling mines.
You are not unaware that the bitcoin mining consumes energy. Lots of energy and therefore electricity. Except that in our time, more than ever, electricity is expensive. Very expensive. Mining companies around the world are therefore increasing their ingenuity and tricks in order to reduce their costs. They go to countries where electricity is the cheapest, use surpluses that no one wants… Or use energy previously extracted but not used, such as that from the old gas drilling mines in Pennsylvania, for example.
This is the ingenious idea that the company had Diversified Production LLC by turning former gas drilling mines into bitcoin mining farms. This company specializing in the exploitation of fossil fuels used facilities located in Elk County, Pennsylvania. These wells used to supply homes with gas since 2011 were abandoned after several years of activity…until recently. Converted into energy suppliers for bitcoin mining machines, the latter have found a second youth.
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…the throttle can be heard for miles around
Except there’s a catch. The noise. To ensure its operation, the installation is connected to 5 extremely noisy motors whose permanent roar can be heard for several kilometers around. Noise pollution and a real ordeal for the inhabitants of the surroundings. A nuisance that has given rise to numerous complaints, especially since this installation was put into service clandestinely. Although authorizations were requested, it would seem that the company did not wait for the approval of the authorities to start its activity.
Converting gas into electricity to run mining machines is a profitable business in addition to being, in some cases as for flares, ecological. Indeed, when oil companies extract oil, gas is inevitably extracted. In order to prevent it from massing in the sky and strongly contribute to global warming, the gas was so far burnt. A real waste and less pollution certainly, but present. With bitcoin mining, this gas can now not only be converted into electricity, but also generate additional bitcoin income. A double blow that reconciles energy production and ecology.
Many mining farms now populate the planet, providing energy solutions to many populations. However, as in any sector, Bitcoin mining is not spared from drifts. Far from being a majority, however, they are the ones who inexorably make the headlines in the media. Few of them also dwell on the potential of these farms to support the ecological cause.
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