Barring these last two winters, the last one in texas was over 10 yrs ago. They've got shit tons of nat. gas that makes electric cheap. It actually makes perfect sense (I wrote a pitch for the idea a few years ago). You're either going to flare or worst yet vent it since you can't ship it.
Hrmmm. Here's something I do not understand. Why is it that crypto miners are the only ones that can use this "flared gas"? Why can the flared gas not be used to charge batteries or power homes?
My point exactly when anyone says crypto makes environment better. It is like LBO adding Debt to company balance sheet is good for that company. It makes it trim the fat. Moronic above and beyond.
If anyone thinks crypto is going away, not likely. it might move like this farm in China that was decommissioned. Motorcycle in foreground for scale. These aren’t even the biggest farms.