The Solution - Bitcoin Mining

Bitcoin mining is the process of adding new blocks of transactions to the blockchain. It generates new Bitcoin in the process. Mining does not involve any physical extraction. Instead it uses computing power to solve a mathematical challenge that allows the winning miner to add transactions blockchain (the decentralized ledger of all Bitcoin transactions). Mining requires a lot of energy to run ASICs (application-specific integrated circuits), specialized computer hardware.

‍

At NRG Bloom we’re using flared gas as our power source to mine Bitcoin. We aim is to curb gas flaring by re-focusing use of this gas towards household and commercial electricity generation. In the process we want to be a catalyst to help end gas flaring and its harmful environmental impact.