Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
That makes no sense.
I mean, it's great that the energy is being used for something useful but it's still CH4+202 -> CO2+2H20
Left-wing math, presumably.
If the methane is burned off (hence flare gas), then it's purely an economic issue when it's used for bitcoin mining instead but many oil companies just vent the gas (since it's less dense than air) into the atmosphere rather than burn it and in that case, the unburned methane has somewhere over 20 times the effect of CO2 as a greenhouse gas. This is why they're going after cattle as well. We're going to have to tap those cattle next for bitcoin mining. Bitcoin miners will also try to make the case that using flare gas removes some reliance from other fossil fuels which have a higher carbon content and coal (pretty much all carbon). I'm not sure I buy that logic because if the energy comes cheaply enough from flare gas, then older, less efficient bitcoin miners could be used where they would be too inefficient for use within the existing electrical distribution system.
I am not sure how we can reduce methane production by cattle without reducing cattle numbers.
For a second there I imagine attaching a methane collecting box to their behinds, but then....it is not possible.
On a large scale the solution is an artificial photosynthesis process, no doubt.
In photosynthesis (done by plants), CO2 is captured from the atmosphere and sugars and oxygen (as a byproduct) are produced.
Two problems:
1. Splitting water at the ambient temperature and
2. Running the system at relatively low CO2 concentration (as plants are able to do).
However, it is a scientific/engineering problem that can be eventually solved aka there is NO reasoning as to why it cannot work in principle.
Info:
https://en.wikipedia.org/wiki/Artificial_photosynthesis
There are additives that can be included in cattle diet that can substantially reduce methane production.
Including extracts of red algae, some types of seaweed, increasing oil and fat content of diet and a new product called Bovaer which requires only 1gm a day to reduce methane output by 30 - 50%.
Given the looming worldwide energy shortages, brought about by the climate change hysteria shutting down fossil fuel generation before alternatives are up and running plus cancelling oil exploration and new pipelines, I can see this sort of stuff surrounding methane put on the back burner for a decade or so.
$39k again I know lots of observers miserable at this price. But I have to pinch myself sometimes, like when we first went over $40k. I repeated to myself forty fucking thousand dollars. Unbelievable, it still is.
Sadly had to sell some coin from my BTC savings / deposit wallet to purchase extra fertilizer, which has more than doubled in price since last season. I'm betting on high farm produce prices this Autumn.