Gas

Chicago Company Mines at Oil Wells, Educates Producers About Bitcoin

</header> <strong>Utilizing stranded gas to power bitcoin mining rigs at oil and gas wells is a promising business opportunity. It is profitable for all participating parties and beneficial for the environment. Not without challenges, this young industry is growing in energy-rich North America. Several companies are working to expand the niche and U.S.-based EZ Blockchain …

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Tokens Built on Bitcoin Cash Are Cheaper to Send Than Those of Rival Networks

<header class=”article__header”> </header> <strong>Satoshi Nakamoto’s Bitcoin technology has inspired a lot of innovation spawning a myriad of tokens representing digitized assets. There are now token creation systems on blockchain networks like Omni Layer, Counterparty, and Ethereum. Each framework comes with the cost of sending tokens and right now the Simple Ledger Protocol is one of …

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Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint

</header> <strong>Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere. Startups are now offering on-site systems that utilize the surplus to mine cryptocurrencies. This new business is …

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MIT says we’re overlooking a near-term solution to diesel trucking emissions

Enlarge / Interstate 55, Dixie Truck Stop, parking lot. Photo by: Jeffrey Greenberg/UIG via Getty Images Transportation is one of the major causes of greenhouse gas emissions in the US, and medium- and heavy-duty trucks account for about a quarter of all transportation-related emissions. At present, semis and other long-haul trucks are mostly diesel-powered, so …

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Russian Gas Giant Gazprom to Execute Business Contracts on a Blockchain

Russian state-owned gas giant Gazprom could soon to begin using blockchain to execute and monitor business contracts. The firm’s CEO, Alexey Miller, announced the news at a meeting with Russian prime minister Dmitry Medvedev Wednesday, saying Gazprom is now “ready to start implementing the process” of digitizing the gas supply process using distributed ledger technology in its operations. …

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862,520 Fiat-Chrysler vehicles have emissions issues, will be recalled

Enlarge / The Fiat-Chrysler Automobiles NV Dodge Ram logo stands on display outside the company’s Warren Truck Assembly plant in Detroit, Michigan, on Wednesday, Feb. 27, 2019. Anthony Lanzilote/Bloomberg via Getty Images Issues with the catalytic converters of 862,520 Fiat-Chrysler vehicles are prompting a semi-voluntary recall, according to officials from the US Environmental Protection Agency …

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Ethereum Creator Vitalik Buterin Proposes Wallet Fee to Fund Developers

Vitalik Buterin, the creator of the ethereum blockchain project, has proposed increasing user fees on the network for the purposes of supporting developers with sustainable funding. “I propose we consider supporting a community norm that client [and] wallet [developers] can [and] should charge a 1 gwei/gas fee for [transactions] sent through their wallet,” tweeted Buterin Friday. …

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