Texas Senator Says Natural Gas Flares Present Enormous Opportunity for Bitcoin Mining

Texas Senator Says Natural Gas Flares Present Enormous Opportunity for Bitcoin Mining


US Senator Ted Cruz (R-TX) says that Bitcoin (BTC) mining provides an opportunity to use energy that would otherwise be wasted.

Speaking at the Texas Blockchain Summit, Sen. Cruz explains how Bitcoin mining could capture unproductive energy in the form of natural gas.

 

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“Fifty percent of the natural gas in this country that is flared, is being flared in the Permian right now in West Texas. I think that is an enormous opportunity for Bitcoin because that’s energy that is just being wasted.

It’s being wasted because there is no transmission equipment to get that natural gas where it could be used the way natural gas would ordinarily be employed; it’s just being burned.

And so some of the really exciting endeavors that

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