Bitcoin Mining at a Flare Gas Oil Well Site. BTC Farm Tour.
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- เผยแพร่เมื่อ 2 ต.ค. 2024
- I took a trip with @YourFriendAndy to tour a bitcoin farm that runs on otherwise wasted stranded Flare Gas from an oil pump. Capturing the wasted energy of the oil industry to make a profit.
Mining with Flaregas from an Oil Field is surprisingly green! During the process of pumping oil out of the ground, you also pump out a bunch of water and wasted natural gas. Oil companies tend to simply light that gas on fire and burn it into the atmosphere! Clever bitcoin miners have found a way to redirect that wasted gas into a generator, where it runs cleaner and can produce very cheap power with no extra pollution to run S19J pros and improve the network.
If You Want To Buy Bitcoing Miners or Host With Musk Miners: CONTACT INFO
blake@muskminers.com (tell them you heard from me please)
or find them on my discord, they have a section in there.. My Discord: / discord
My Twitter: / _spacewarehouse
Instagram @nicholas_james_johnson
My Discord: / discord
No Drones were harmed in the creation of this video..
If you want to contact me for a business proposition or sponsorship, use the email: spacedesignwarehouse@gmail.com
#bitcoin #mining #flaregas
![How Irish farmers are turning cow dung into digital gold [Bitcoin]](http://i.ytimg.com/vi/xkVOJAWP688/mqdefault.jpg)
It was a pleasure to not only witness fire turned into Bitcoin with you, but to also jazzercise with you.
The pleasure was a majority mine. Though, I ended up with a sun burn.
@@SPACEDESIGNWAREHOUSE The cruel Luoisiana sun took it's toll on us in the form of burning our skin and making us sweat straight through our shirts. YOU CAN'T STOP US SUN.
I dare say NO ONE can stop us! I make three types of videos now: Scripted studio talkies, unscripted warehouse experiments, and buddy adventures with Andy so-and-so!
ʟᴇᴛ'ꜱ ᴛᴀʟᴋ ᴍᴏʀᴇ ✍📥
awesome to see u with him doing a vid even 1 year ago.
Appreciate the detailed breakdown! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What's the best way to send them to Binance?
Were the generators supplied, as well? That seems like a lot of generator for just 90 miners, no?
Always wondered what these flames are on an oil field, because it looks like wasting energy ... now I know: it's really just wasting energy. 🤷♂️
When I learned about flaring at oil sites I was completely dumbfounded! How on earth is that allowed? Or how is there no way to get a generator in there to just get that power on the grid.. Its bonkers.
@@SPACEDESIGNWAREHOUSE Yeah, it seems ridiculous. For decades! Glad it can be used for something good now. 🧡👍
ʟᴇᴛ'ꜱ ᴛᴀʟᴋ ᴍᴏʀᴇ ✍📥
Where would be the best place to see real numbers of this operation? Upfront cost, cost of electricity (if any, a little confused if the energy is essentially free here since ite being converted), and how much btc is mined daily. Electricity costs seem to be the biggest cost in mining other than upfront costs so trying to see if this can actually be profitable if scaled up
So at this particular facility, the electricity is literally free. It comes from excess gas that this oil drilling operation literally just burns off into the atmosphere - so insterad they run the gas through an old generator. Unfortunately, they wouldnt tell me the costs of all the infrastructure to do that - someone needs to know how to tap into that gas, someone needs to get their hands on a big generator, someone has to do all the wiring and make all the structures up to code - and then you have to keep things cool enough to operate in a desert. BUT, the ongoing electricity is literally free - so the real cost would be whatever deal you can talk your way into with an individual oil field owner who will have no idea what you mean when you say "mine bitcoin."
@@SPACEDESIGNWAREHOUSE wow thanks for the info! I work in oil and gas accounting and have been mulling trying to bring a plan to the higher ups to potentially invest in something like this. Flaring is a big issue where we are and this just seems like such a good play
I have too many connections here in the oil field. I need some funding and few them machines. Ill go get the contracts...
I've been buying S-19's from Chris at Musk Miners for a few months now to build our own farm using stranded gas from a well we had to shut down because of a gas pipeline shutting down. Not wanting to vent the gas to produce the oil, we've lost a significant stream of revenue, but once deployed to mine BTC, we can safely produce the oil and efficiantly burn otherwise wasted natural gas. The guys at Musk are great to deal with and provided a lot of info to help us build our facility! Great video guys!
That’s amazing to hear!! I’d be happy to come out and visit the facility once it’s operational!!
Venezuelans were rich
Super entertaining and educational video! Great job 👍
I currently moved over to #SpaceXpanse #ROD
Their using Unreal Engine 5 for the project!
Great content! Keep up the great work!
ʟᴇᴛ'ꜱ ᴛᴀʟᴋ ᴍᴏʀᴇ ✍📥
not "oil derrick", its a pumpjack. ;) but yep. flare stacks are on fire all over the planet and some spots around me have started using the gas to run generators. dont know of anyone who is currently doing mining with it, there were plans to do that but never went operational by me.
If those folks can make any amount of extra money from the flare, rather than just burn it off - I cant imagine any of them saying no!
ʟᴇᴛ'ꜱ ᴛᴀʟᴋ ᴍᴏʀᴇ ✍📥
@@joshuabelke I am in Orlando florida. The flare sites that have my miners are in Texas and Louisiana.
Lose lots of hats they way!
Ok which is more humid, Louisiana or Florida. Blahahah.
Jazzer size huh 🤔
Since it was a rainy couple of days over there, its really hard to say! Theyre both pretty miserable environments during the day!
There is also Crypton cryptocurrency, which is profitable to mine in the Utopia p2p ecosystem.
On another note, I had planned to let musk miners host my s19j pro’s and KD miner. That was until I saw that they only except miners purchased through them. Funny their s19’s are 1-2k higher than their competitors. What a shame with our residential swepco rates so high and solar as high to get into and no grid buy back puts us in a corner. It’s always something in the way.
How many miners do you have? They will tend to make an exception in some cases once there are extra slots. They plan to put a couple more containers down in this spot. I havent looked for a while, but normally their prices are on par with their competition in America - if you go with a chinese supplier you can take the risk and get them cheaper; often times youll get stuck with the import fees which can be quite a lot as well. I imagine they will price match for you if you plan to expand.
ʟᴇᴛ's ᴛᴀʟᴋ ɴᴏᴡ۩۩✍
Where can someone buy those generators?
What a good question! The site supervisor guy is the one who went out and sourced these. He’s been in the flare gas business for a long time.. I didn’t ask where they got them, specifically. I know they’re quite old.
ʟᴇᴛ'ꜱ ᴛᴀʟᴋ ᴍᴏʀᴇ ✍📥
If you want help with the furnace idea send me a message. I've got 4 units running inside one in my garage.
Oh nice! Do you have them ducted into central air??
@@SPACEDESIGNWAREHOUSE ask Blake or Chris for my number and send me a text on whatsapp
ʟᴇᴛ's ᴛᴀʟᴋ ɴᴏᴡ۩۩✍
@@SPACEDESIGNWAREHOUSE They are inside an empty furnace using the built in fan to supply filtered air. I'm still working on my system to control the overall temperature in the garage and vent the excess heat properly in the summer. Winter won't be an issue here in Canada. I got my units from Musk miners, Blake can put us in contact if you would like to see it and discuss some potential issues you might run into.
Is shitcoining almost out of your system?
Yes, each failed experiment has brought me closer to Bitcoin…
ʟᴇᴛ'ꜱ ᴛᴀʟᴋ ᴍᴏʀᴇ ✍📥
Thanks for another informative video Nicholas. However, I’m not sold that this is a net good. Sure, under the current situation where the choice is between “dig up oil and waste the gas” vs “dig up oil and utilize the gas”, undoubtedly latter is better. But how about we don’t dig up the oil? All of this increases our dependence on fossil fuel. Coming up with different use cases for its waste products, and incentivizing the overall process even more seem to me like a step in the wrong direction. But I have to admit, as things stand, this is by far the best energy source for mining! Happy to hear counterarguements.
I used to think the same. But things changed. You should listen to Brian Gitt or Michael schellenberger. (TH-cam or as a podcast). In short - oil usage isn't going away if also you want a better life for all the humans. But the METHANE? Yes- that needs to stop yesterday!
Counterargument (I didnt know that was one word): I am not an oil man. Neither is Musk Miners an oil man. Hence, this is a net good because this oil man was already here; this well has been here for years and years just blowing partially burned natural gas into the air. There is literally no human alive who can talk this oil man into shutting down this well.
But what he CAN be talked into doing is diverting the gas to run through a generator, which burns the gas far more completely, spewing some amount less carbon overall than would have been spewed without the bitcoin miner getting involved.
If you multiply this effect across the HUNDREDS of wells that are today burning flare into the air, it will be an even more positive good.. Not to mention, the bitcoin miner cant be talked out of bitcoin mining, either - so every bit of mining that takes place with this gas is a bit of mining that DOESNT take place at a coal fired or additional gas fired plant somewhere else.
Your ball.
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