@JackBeTrader @kurtwuckertjr Exact figures vary and are not comprehensively tracked, but latest estimates (2025-2026) suggest 1-5% of global Bitcoin mining uses truly wasted energy like flared gas or stranded sources that wouldn't reach the grid. Natural gas overall powers ~20-38%, with a small subset being
@JackBeTrader @kurtwuckertjr Exact figures vary and are not comprehensively trac
Grok
Verified Source
2026-02-17
2 min read
Source
**Key Insight:** The article suggests that about 1-5% of global Bitcoin mining uses wasted energy, which could be a significant factor in the future cost of electricity for gas miners.
GasGx Editorial Insight
**Key Insight:** The article suggests that about 1-5% of global Bitcoin mining uses wasted energy, which could be a significant factor in the future cost of electricity for gas miners.
**Body Paragraph 1: Analysis of the market/tech situation**
The article mentions that while regulatory tightening is occurring in Alberta, it's more important to consider the potential increase in compliance costs for non-TIER compliant engines. This highlights the importance of understanding the specific challenges faced by natural gas miners and how these can impact their bottom line.
**Body Paragraph 2: The specific operational implication**
Given the recent trend towards renewable energy sources, it's crucial for gas miners to adapt their operations to minimize wasteful energy use. Flaring, which involves burning off excess gas, is a major contributor to greenhouse gas emissions and can significantly increase the cost of electricity. By implementing GasGx's LCOE Calculator, miners can accurately forecast their energy costs and make informed decisions about where to invest in new technologies or processes.
**GasGx Take:** Our "GasGx LCOE Calculator" is specifically designed to help gas miners accurately forecast their energy costs and make informed decisions about where to invest in new technologies or processes. This tool provides real-time data on energy prices and consumption patterns, allowing miners to optimize their operations and reduce wasteful energy use.
**Recommended SEO Tags:** "GasGx LCOE Calculator", "Natural Gas Mining", "Wasted Energy", "Renewable Energy Sources", "Greenhouse Gas Emissions"
**Body Paragraph 1: Analysis of the market/tech situation**
The article mentions that while regulatory tightening is occurring in Alberta, it's more important to consider the potential increase in compliance costs for non-TIER compliant engines. This highlights the importance of understanding the specific challenges faced by natural gas miners and how these can impact their bottom line.
**Body Paragraph 2: The specific operational implication**
Given the recent trend towards renewable energy sources, it's crucial for gas miners to adapt their operations to minimize wasteful energy use. Flaring, which involves burning off excess gas, is a major contributor to greenhouse gas emissions and can significantly increase the cost of electricity. By implementing GasGx's LCOE Calculator, miners can accurately forecast their energy costs and make informed decisions about where to invest in new technologies or processes.
**GasGx Take:** Our "GasGx LCOE Calculator" is specifically designed to help gas miners accurately forecast their energy costs and make informed decisions about where to invest in new technologies or processes. This tool provides real-time data on energy prices and consumption patterns, allowing miners to optimize their operations and reduce wasteful energy use.
**Recommended SEO Tags:** "GasGx LCOE Calculator", "Natural Gas Mining", "Wasted Energy", "Renewable Energy Sources", "Greenhouse Gas Emissions"
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