ExxonMobil, the world’s largest energy company American nationality It was first announced last year (January 2021) for an experimental project of mining excess energy in cryptocurrency. and recently announced expansion of operations to Nigeria, Argentina, Guyana and Germany.
On Thursday, Bloomberg revealed that ExxonMobil had announced a contract with Crusoe Energy to bring excess energy from North Dakota to mine Bitcoin, which uses roughly 18 million cubic feet of gas per month. 0.4% of major US oil companies
In addition, the news agency Cointelegraph also found that in February ConocoPhillips It has also made a program to sell surplus energy to third parties to Bitcoin miners.
However, the power transmission of these lines cannot be 100% efficient due to some excess that will leak into the environment. This has a negative effect on the environment and the company’s profit margins.
Daniel Fuguere, chairman of environmental firm As You Sow, expressed his view that However, those surplus energy is used instead of wasted. It is also considered a good thing.
According to Argus Media, by September 2021, Crusoe Energy is operating more than 60 Bitcoin mines in four US states, utilizing a portion of the energy that would otherwise be released as waste. This is equivalent to a 63% reduction in CO2 emissions.
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