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They're also using wells that would otherwise be shut-in. This isn't just excess gas that would be flared off anyway. > The reason to use it on site for crypto
by PragmaticPulp 5y ago
They're also using wells that would otherwise be shut-in. This isn't just excess gas that would be flared off anyway.
> The reason to use it on site for crypto mining is that transporting power over distances is expensive and difficult
Transporting electricity over distances is not expensive nor difficult in 2021. Regardless, it doesn't make sense to give someone a tax break for turning electricity into heat instead of putting it into the grid.
- latchkey 5y agoTo explain (not appeal to authority), my comment comes from direct experience in existing HV transmission costs, specifically from a hydrodam in upstate NY to a location only about 5 miles away and you'd be surprised at how much that is. I can only imagine that constructing new infrastructure to produce and transmit the power over even longer distances from remote oil fields to a grid, is even worse. It sounds like you have experience in this area though... can you tell me how it isn't expensive or difficult to build transmission lines / towers into remote locations?
- ineedasername 5y agofor turning electricity into heat Isn't it kind of like turning gas into heat, into electricity, back into heat?