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Oil rigs intend to use Bitcoin mining to reduce gas flaring emissions, so I want to hear anyone now that mining is not energy efficient! :))) ConocoPhilips, the world's largest oil and gas company, is dabbling with Bitcoin (BTC) mining to reduce the wasteful habit of flaring. According to a CNBC story, the corporation is now running a pilot project in North Dakota's oil-rich Bakken region. Instead of flaring extra gas, a byproduct of oil drilling, the company is selling it to a third-party Bitcoin miner who will use it as fuel.

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