You understand clearly what we are doing.
250 kw is average capacity for the small wells, of which there are hundreds.
We are also deploying a 550 KW and hope to find some gas locations that can support megawatt size units.
Looking for miner owners to joint venture with.
Parent is a well established oil company.
We are not trying to scam anyone , we are using wasted gas to run generators , and we are looking for people that have miners to join us and share the profits
The following is NOT to be taken as ANY sort of endorsement!Ok, fair enough. Using normally flared remote field gas to power mining pods is a real biz with a few folks in that space. I take it you are looking to expand operations or fill capacity (and generate revenue from the waste gas producer)?
For those wondering how that works: Many operations (oil production for one) produce natural gas or methane as a byproduct and if it cannot be economicaly cleaned up and piped to be sold elsewhere it has to be flared (burned). Carbon emission environmental regs fine/charge the gas producer for flaring. However, if you are able to use that gas on-site it is a different story. Yes there are still carbon emission costs but those are far lower than flaring costs.
That lose-it-and-pay-a-lot by flaring vs use-it-and-pay-far-less means there is a window where money can be made. If using the gas can directly generate a profit, even better. Sooo... if main powerlines are too far away to directly generate & sell electricity to a power company then why not use it to power energy-dense mining pods. The needed telecom links are already in-place to monitor the field operations so that is taken care of.
So then I assume that the 250kw cap is currently unused capacity from the prime power genset? re: the "Free power" bit, if the maint & running cost of the generator(s) is already paid for by other operations that would make sense. That just leaves the question of what is your fee for hosting?
And um, of course the trust issue of sending our miners off to the remote oilfields & tar-sands of Canada...
