Great American Mining Is Solving Our Global Energy Problems With Bitcoin

By Bitcoin Majalah - 2 sababaraha taun ka pengker - Waktos Bacaan: 6 menit

Great American Mining Is Solving Our Global Energy Problems With Bitcoin

With its rapid bitcoin miner deployment at North Dakota operations, Great American Mining shows Bitcoin’s potential to solve energy crises.

Flaring anu dilakukeun dina operasi minyak sareng gas di AS nunjukkeun yén solusi énggal pikeun ngamangpaatkeun énergi anu sayogi diperyogikeun.

Ieu resmi, Bitcoin is too big to ignore. In a geopolitical environment where global superpowers are looking for sababaraha ngajawab ka bitcoin — whether it be attempting to nyaram protokol proof-of-karya outright atanapi positioning mun incentivize usaha koordinasi pikeun ngaronjatkeun pangertian — this much is clear; Bitcoin is a serious topic, and the world’s leaders are now in the position where they can’t afford to not understand it.

Gone are the days of brushing the Bitcoin topic aside as something for hackers, hobbyists or criminals alone. Developments over the past four years have produced a strong argument that Bitcoin is shrugging off death for the umpteenth time, and that it will not be going away. And among all of these developments, perhaps Bitcoin’s growing role in the oil and gas industry is the biggest indicator that it has an undeniable place in the most foundational aspects of our society.

Bitcoin And Oil Fields

Nembe abdi diondang teh Pertambangan Amérika hébat (GAM) team to visit one of their bitcoin mining sites in North Dakota, given the opportunity to see firsthand what this symbiotic relationship of energy markets and bitcoin mining really looks like.

Hayu atuh ngabejaan Anjeun, aranjeunna teu nguciwakeun.

While the whole of the world panicked around the spread of a virus that was accompanied by an attempted pause of entire economies, and energy markets felt logistical nightmares in shipping and saw a boom in costs — while, simultaneously, there has been growing hysteria around Bitcoin’s energy consumption — GAM has embodied one of the Bitcoin community’s favorite mottos: “Stay humble, stack sats.”

Muhun, dina kasus GAM, abdi bakal reword kieu: "Tetep hina, tumpukan rak." Rak jeung rak tina panambang ASIC.

Great American Mining is stackin' racks.

Stackin 'Racks

GAM is an American Bitcoin mining company that aims to provide a solution to oil and gas fields that have stranded energy that cannot be brought to market. You see, part of the process of pumping oil out of the earth comes with many complex issues — it’s not like the oil just exists in a perfect solution beneath the surface that is ready for immediate use. The associated expense with extracting oil has resulted in flaring signifikan tina gas alam di North Dakota. Ieu nyababkeun flaring sapanjang Williston Basin, diantara tempat-tempat sanés. 

"Penambang lapangan minyak beroperasi di deukeut atanapi di hulu sumur dimana minyak atanapi gas alam cair dihasilkeun sarta gas alam garing dihasilkeun salaku produk runtah. Gas alam ieu teu tiasa sacara ékonomis dibawa ka pasar sareng ku kituna dibuang atanapi dibakar. Nalika dikaluarkeun, gas alam (kalobaannana métana) lolos langsung ka atmosfir, ngabalukarkeun ~31 kali efek rumah kaca CO2 dina periode 100 taun.

–CoinShares Januari 2022 laporan on Bitcoin mining’s energy and carbon impact

GAM has been devising a strategy that allows for a plug-and-play option for oil wells that are flaring natural gas. No need to wait for government subsidies — bitcoin miners have a built in incentive to solve this environmental problem.

Instead of burning the natural gas with zero return potential, GAM offers a solution that is nice and simple for the wells by providing trailer-mounted miners (let’s call them “TraMMs” for short) that can be rapidly deployed onsite and accompanied by generators that get tied in to the natural gas. Once operation ready, the generators are set to an economic consumption rate so that the bitcoin miners can operate as close to 100% of the time with as little maintenance and tweaking as possible (both on the generator side, as well as the mining racks themselves).

Great American Mining's trailer-mounted miners.

What was really awe-inspiring to me was, well… really there were a few things that inspired awe from me. Firstly, the design of the TraMMs is done in-house. Not only are they capable of housing 150 to 300 bitcoin mining rigs per individual TraMM, but they come complete with an automated system that manages the temperature of the miners — if it gets too hot, the exhaust vents (it’s just hot air, environmentalists need not panic) automatically open or close to allow heat to leave the container.

Anu kadua nyaéta diskusi kuring sareng Wes Sellner, diréktur operasi GAM.

"Pangumpulan gas sareng infrastruktur pamrosésan North Dakota henteu tiasa ngiringan produksi gas alam atanapi saimbang sareng boom sareng bust industri minyak sareng gas," saur Sellner.

Ieu hartosna operator ieu tiasa ngahasilkeun minyak sareng ngirimkeunana langkung gancang tibatan konsumen tiasa ngamangpaatkeun produk sampingan anu terdampar. Anu dinamis anu ogé dicadangkeun ku duanana laporan ti 2014 ngeunaan produksi poténsial kuat North Dakota. kapasitas ka hareup, kitu ogé laporan ti Komisi Industri tina dédéngéan State of North Dakota urang, aimed di ngajelaskeun pangurangan gas flaring di nagara. Sareng éta sumur sateuacan curveball anu dialungkeun ka industri minyak sareng gas kalayan kagiatan di Rusia Kulon (anu kuring bahas Ieuh).

Katilu, kuring diilhaman ku tumuwuhna GAM. Dina Désémber 2019, GAM ngagaduhan hiji operasional TraMM. Teras, nuju kana lokétna, éta teras-terasan teras-terasan, sareng ngusahakeun nyaring sareng nyampurnakeun gandengna, sareng ningkatkeun armadana ka tilu ngan sataun saatos Januari 2021.

A global pandemic and the halting of economies clearly did little to stymie the ambitions of Bitcoiners. By February 2022 (13 months later), its fleet now numbers 27 fully-deployed TraMMs in total. With its mining rigs operational at 12 different sites across North Dakota, that’s just over 20 megawatts of hash rate. According to the company, GAM is currently able to produce four new units per month, and is working on an expansion to its manufacturing facility to scale this up to 12 per month by the fall of this year.

Naon Dupi Future nu Tahan?

Sareng ayeuna, pikeun leres-leres, nyaan bagian seru. Mertimbangkeun bentang ayeuna urang manggihan diri urang sorangan. Suluh fosil geus demonized aggressively leuwih 10 taun kaliwat, sahenteuna. AS sanksi minyak Rusia, sedengkeun EU berjuang pikeun terang naon anu kudu dilakukeun, sabab Rusia mangrupikeun bahan bakar fosil panggedéna. panyadia. Samentara India kapaksa ku kaayaan mésér atah Rusia potongan. Amérika Sarikat geus kapanggih sorangan kudu aggressively rethink produksi minyak jeung gas domestik, ditéang jeung tatanggana kalér na di Kanada.

As noted, natural gas is a consistent byproduct of oil production, and GAM is proving there is high demand for its product in the state of North Dakota. GAM provides an opportunity for oil producers to monetize their gas flaring instead of just “lighting money on fire,” as Sellner likes to put it. North Dakota’s oil producers can’t flare their gas fast enough to meet oil demand. The demand for this strong, synergistic pairing of fossil fuels and bitcoin mining has plenty of running room without ramped-up domestic production. 

The future looks bright when you combine Great American Mining's entrepreneurship and oil and gas operations in the U.S.

The future looks bright for this young company. While most of the world still attacks bitcoin mining’s implied environmental damage, this company and others like it are quietly solving massive energy and environmental problems that will only continue as our need for oil and energy grows.

Aya jinis kaéndahan khusus anu ngiringan operasi minyak sareng gas North Dakota nalika ditingali ku nyebrang nagara tengah wengi. Upami anjeun kantos nganjang ka daérah Amérika Serikat ieu, kuring nyarankeun ngaliwat daérah New Town nalika sonten nuju puncakna, sareng dunya karasaeun kénéh. Anjeun bakal terang yén anjeun nuju ngadeukeutan nalika anjeun perhatikeun cahaya atmosfir anu tiasa ditingali tina lampu kota ngalawan langit wengi… ngan sanés lampu kota anu bercahya.

Ieu munara flaring.

Ieu pos tamu ku Mike Hobart. Pamadegan dikedalkeun sagemblengna sorangan sarta teu merta ngagambarkeun pamadegan BTC Inc atanapi Bitcoin majalah.

sumber aslina: Bitcoin majalah