>> And the energy from these flares can't be used for actually useful applications, because?
> Patiently waiting for your proposal for a better solution. Actually the whole industry is and has been waiting for a less wasteful solution since well before Bitcoin existed.
Leave the gas and the oil in the ground until it's economically feasible to utilize both for useful applications.
Some things that aren't useful applications:
1. Burning it just to get rid of it.
2. Cryptocurrency mining (i.e. wasting huge amounts of irreplaceable resources for ideological reasons to maintain a simple transaction register that can be done far more cheaply and efficiently in other ways).
Fair point. Maybe we start by asking Germany and Western Europe to stop funding Putin’s invasion of Ukraine?
I realize that these decisions have consequences and it might be preferable to mine bitcoin with flared gas that we can then sell to Germany so they are not reliant on Russian gas.
I am not well-enough informed on the subject to claim to understand all the consequences of such a move.
How are you so confident that your suggestion is best for all stakeholders?
> Patiently waiting for your proposal for a better solution. Actually the whole industry is and has been waiting for a less wasteful solution since well before Bitcoin existed.
Leave the gas and the oil in the ground until it's economically feasible to utilize both for useful applications.
Some things that aren't useful applications:
1. Burning it just to get rid of it.
2. Cryptocurrency mining (i.e. wasting huge amounts of irreplaceable resources for ideological reasons to maintain a simple transaction register that can be done far more cheaply and efficiently in other ways).