What Is Cryptocurrency Mining
"Crypto" mining is the process by which new cryptocurrency, Like Bitcoin, are entered into circulation, it's also a critical component of the maintenance and development of the blockchain ledger.
It is performed using very sophisticated computers that solve extremely complex computational math problems.
Green Cryptocurrency Mining
Gas Flaring Solutions provides clean options to facilitate Crypto Mining operations.
In addition, it takes a wasted resource and converts it to clean energy!
Immersion Cooling Systems
Immersion cooling systems prevents overheating of equipment. Safe construction, maximum hashrate with "over mining" by 50%
An immersion-cooled system, there are two main liquid categories, Hydrocarbons (i.e. mineral, synthetic or bio oils) and fluorocarbons (i.e. fully engineered liquids). Dielectric liquids are divided into single and two-phase applications.
Gas Flaring Solutions (GFS) has recently partnered with Big Star Mining for natural gas cryptocurrency mining.
Cryptocurrency is a digital asset, like Bitcoin, is a relatively new form of money. For “Cryptocurrency Explained” click the video below.
The key in mining cryptocurrency is your operational expenses, with power being your number
one expense.
GFS with Global Power Supply converts wellhead gas pollutants that normally get flared, into
electricity to power the crypto mining data boxes. Caped and stranded well gas is okay too.
The income from mining the data is much greater than the returns from selling power back to the
grid, which is greater than selling the gas at Henry Hub pricing.
15 states are crippled by MISO (The Midcontinent Independent System Operator, Inc.,) and can’t
sell electricity back to the grid. (Net Metering) Using the power for the data boxes provides a
solution in those states that flare or have capped or abandoned wells to be profitable with the MISO restrictions.
GFS offers a "Turn-Key" approach to crypto mining. We manage your project from planning to mining. No project is too big or too small.
Gas Requirements
Minimum: 90mcf pd. >750mcf is preferable.
Relatively clean fuel with a methane content in the upper 70s or 80s and no h2s that comes from flare, capped, or abandoned wells.
The data boxes are designed where they can be deployed separately on a single site or together in tandem on one site. They’re portable and stackable. It depends on the mcf output.
Each data box requires 305 kW continuous demand powered by our natural gas generators.
If you (or someone you know ) have qualifying wells and want to capitalize on this lucrative industry call David French at Gas Flaring Solutions for a no-obligation consultation. Direct: 480-232-2816
Gas Flaring Solutions is proud to play a crucial role and provide a positive environmental solution for the oil and gas industry, as well as being a key player in the new world of cryptocurrency.
