The transition from Blackstone Energy to bitcoin mining with Sean Milmoe, co-founder and CFO of @360energyinc. We discussed the parallels & differences between underwriting natural gas PDPs & bitcoin mines + why bitcoin will be incorporated in drilling programs to fuel oil & gas.
The largest oil and gas producers in the world are using bitcoin mining in the oilfield as a tool to reduce flaring and bring shut in production online
Center of Hash E03 w/ @chrisallfano: "Mining BTC with new gen servers in the oil field is $13.50/MCF. Henry Hub's at $3.50/MCF - that's $10 more per MCF to mine BTC."
With host @parkeralewis we discuss:
⚡️ Natural gas Bitcoin mining economics
⚡️ Unlocking stranded oil production
@Hotdogremix@bjunks1@zk54@SGBarbour@GigaEnergy_ This is our business, and we even agree that sometimes bitcoin mining is not the solution. Need the right gas contents, production profile, surface use agreement, etc.
@theRealSalKhan@EIAgov We are deploying computing in the oil field to monetize economically disadvantaged or flared natural gas. Reach out to [email protected] to learn more
It was a pleasure discussing our In-Field Computing technology with @Halliburton CEO Jeff Miller. We are helping upstream producers earn more on their natural gas and flare less.
How to Make $12/MCF:
1. Partner with us to evaluate your gas production
2. Execute an AFE with us
3. We construct an In-Field Computing unit at your pad site
4. You supply gas to the generators—we take care of the rest
5. You earn $12/MCF on your natural gas production
360 Energy is proud to announce we have partnered with Halliburton Labs.
By leveraging @Halliburton's extensive network, resources, and expertise, we are accelerating the deployment of our cutting-edge solutions in the oil field.
#OilandGas#NaturalGas#EFT
We're excited to announce that 360 Mining is now 360 Energy!
Our dedication to the oil & gas industry remains the same: we're focused on monetizing natural gas, reducing flaring, and pushing innovation in the oilfield.
#OilandGas#NaturalGas#EnergyInnovation#EFT#DataCenter
@primepaisa1 Using natural gas for In-Field Computing is generating $10/mcf for producers! No need to be beholden to midstream fees, wide differentials and low Henry Hub pricing
@HowThingsWork_ Flared natural gas could instead be used in In-Field Computing and generate $10/mcf while reducing greenhouse emissions. Email [email protected] to learn more.