A meetup in a vehicle warehouse in Houston served as an encounter point for oil producers and bitcoin miners to talk about possible on-site crypto mining opportunities last week. More than 200 investors attended the meeting to talk about an alliance, that would allow oil producers to make more efficient management of their resources and miners could take advantage of direct sources of energy that would be wasted otherwise.

Oil Producers and Miners Meet to Talk Bitcoin Mining

Several oil producers and bitcoin miners met last week in Texas to talk about the possibilities of on-site mining that Texas energy producers could bring for them. The meetup, that happened in a vehicle warehouse in Houston, served as a point of encounter to examine these possibilities. Oil wells that are not so big to build pipelines into their operations usually burn the natural gas pockets encountered on site.

However, bitcoin (BTC) mining can provide a better solution. This natural gas can be used to power generators that would feed micro mining…

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Source: https://news.bitcoin.com/oil-producers-and-bitcoin-miners-meet-in-texas-to-discuss-cooperative-mining-possibilities/