Associated Gas Utilization for Cryptocurrency Mining: Integrating Oil and Gas into Green Energy Transition

    Research output: Contribution to conferencePaperResearchpeer-review

    Abstract

    This paper explores the innovative use of associated petroleum gas (APG) to power cryptocurrency mining operations as a sustainable alternative to routine gas flaring. APG, often considered a byproduct with low economic value, is typically burned off, contributing significantly to CO₂ and methane emissions. By converting APG into electricity, this approach not only reduces environmental impact but also generates additional revenue for the oil and gas industry. The study presents a system design for integrating APG-powered mining farms, including energy consumption analysis, equipment specifications, and CO₂ management strategies. Initial findings highlight the economic and environmental potential of scaling this technology to support both the green energy transition and the growing demand for cryptocurrency.
    Original languageEnglish
    Publication date2025
    Number of pages5
    DOIs
    Publication statusPublished - 2025
    Event86th EAGE Annual Conference & Exhibition - Toulouse, France
    Duration: 2 Jun 20255 Jun 2025
    Conference number: 86

    Conference

    Conference86th EAGE Annual Conference & Exhibition
    Number86
    Country/TerritoryFrance
    CityToulouse
    Period02/06/202505/06/2025

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