Holy billions of bucks worth of bitcoins, Batman!.A Nevada company is proposing to operate “up to one million” bitcoin mining machines relocated from China in three natural-gas producing facilities in Alberta. The deal could be worth billions, say analysts..“Black Rock Petroleum Company (BKRP), a Nevada corporation, announced Tuesday it has entered into a binding agreement with Optimum Mining Host Limited Liability Co to host and operate up to one million bit miners,” the company said in a statement..“…with the first 200,000 units to be hosted on site of the recently announced planned acquisition by BKRP, the Quirk Creek Gas plant operated by Caledonian Midstream Corporation.”.Caledonian is an Alberta-based company and the owner/operator of 14 liquids-rich producing natural gas wells at Quirk Creek..Caledonian will become a wholly-owned subsidiary of Black Rock, which will utilize the site to host and operate up to 200,000 of the one million bit miners with 300,000 mining machines at a second site in Alberta, and 500,000 at a third site to be identified shortly as negotiations are concluded..The contract term is for 24 months with an optional 12-month extension..OMH will provide round-the-clock “hi-level (sic) armed securities guard with enforcement power.”.Bitcoin is a decentralized digital currency, without a central bank or single administrator which can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries..Alex de Vries, a researcher and economist who runs the cryptocurrency analytics website Digiconomist, told the CBC the move to Alberta would represent a multi-billion dollar investment using fossil fuels as a power source..“In China, they were using hydroelectric power for at least part of the year, and then the rest of the year they would be using Chinese coal, instead,” he said..“But if they’re coming to Alberta and start running on natural gas all year round, it’s not improving the situation of this network, which is already responsible for more CO2 emissions than we are saving with all electric vehicles around the world combined.”.Bitcoins were trading Tuesday at close to 45,000 (US) each..Dave Naylor is the News Editor of the Western Standard.,dnaylor@westernstandardonline.com,.Twitter.com/nobby7694
Holy billions of bucks worth of bitcoins, Batman!.A Nevada company is proposing to operate “up to one million” bitcoin mining machines relocated from China in three natural-gas producing facilities in Alberta. The deal could be worth billions, say analysts..“Black Rock Petroleum Company (BKRP), a Nevada corporation, announced Tuesday it has entered into a binding agreement with Optimum Mining Host Limited Liability Co to host and operate up to one million bit miners,” the company said in a statement..“…with the first 200,000 units to be hosted on site of the recently announced planned acquisition by BKRP, the Quirk Creek Gas plant operated by Caledonian Midstream Corporation.”.Caledonian is an Alberta-based company and the owner/operator of 14 liquids-rich producing natural gas wells at Quirk Creek..Caledonian will become a wholly-owned subsidiary of Black Rock, which will utilize the site to host and operate up to 200,000 of the one million bit miners with 300,000 mining machines at a second site in Alberta, and 500,000 at a third site to be identified shortly as negotiations are concluded..The contract term is for 24 months with an optional 12-month extension..OMH will provide round-the-clock “hi-level (sic) armed securities guard with enforcement power.”.Bitcoin is a decentralized digital currency, without a central bank or single administrator which can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries..Alex de Vries, a researcher and economist who runs the cryptocurrency analytics website Digiconomist, told the CBC the move to Alberta would represent a multi-billion dollar investment using fossil fuels as a power source..“In China, they were using hydroelectric power for at least part of the year, and then the rest of the year they would be using Chinese coal, instead,” he said..“But if they’re coming to Alberta and start running on natural gas all year round, it’s not improving the situation of this network, which is already responsible for more CO2 emissions than we are saving with all electric vehicles around the world combined.”.Bitcoins were trading Tuesday at close to 45,000 (US) each..Dave Naylor is the News Editor of the Western Standard.,dnaylor@westernstandardonline.com,.Twitter.com/nobby7694
