Tecpetrol Raises Crude Oil Production Fivefold With Crypto Mining In Argentina

by CryptoExpert

February 12, 2024

in Mining

Tecpetrol Raises Crude Oil Production Fivefold With Crypto Mining In Argentina

Tecpetrol, an Argentina-based oil and gas company, has reported the benefits of including crypto mining operations in its oil explorative activities. According to Tecpetrol CEO Ricardo Markous, including on-site vented gas generators to mine cryptocurrency has allowed oil production to rise fivefold in Los Toldos II, an exploration project located in the Vaca Muerta oilfield. […]

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Satoshi-Era Bitcoin Miner Moves $203M in Bitcoin

Two Solo Bitcoin Miners Hit the Jackpot Against Industrial Mining Giants

Bitcoin moves over $5 billion in value but miners collect just $185,000 in transaction fees

Tags: Bitcoin

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Bitcoin moves over $5 billion in value but miners collect just $185,000 in transaction fees

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Editorial collage depicting a Bitcoin freight truck unloading valuable cargo as a mining worker receives comparatively few coins.

Bitcoin's transfer value surged 26% to $5.5 billion last week, even as transaction fees paid to miners declined, according to Glassnode.The blockchain analytics firm's Oct. 26 report showed...