Russian Oil Companies Want to Mine Crypto on Flare Gas

Russian Oil Companies Want to Mine Crypto on Flare Gas
Russia’s Ministry of Digitalization and the Bank of Russia have been asked for official comments on the idea that oil companies might open mining farms on their oil rigs, using flare gas to generate power.Vasily Shpak, the deputy head of Russia’s Ministry of Industry and Trade, asked the agencies to clarify their positions on the matter, Russian newspaper Kommersant wrote on Wednesday.The Ministry of Industrial Development told Kommersant that the idea came from the oil and gas companies themselves. They suggested getting regulatory approval to mine crypto using flare gas for electricity generation. Shpak’s letter also suggests that Russia starts…