EZ Blockchain is on the MISSION to solve global waste energy problem with the help of crypto mining.

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Bitcoin Mining Digging for E&P’s Natural Gas Gold in Lower 48

“Our goal is to monetize the gas as well as solve some of the environmental problems of leaking wells and flared gas,” said EZ Blockchain CEO Sergii Gerasymovych. The company uses excess natural gas to power its onsite bitcoin mining operations at several production sites throughout North America. “It’s not just a one-way road here…I do want the oil and gas producers to participate in this industry.”

Jun 25, 2021

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Oil drillers and Bitcoin miners bond over natural gas

In the case of Kirkwood, EZ Blockchain uses stranded natural gas to make Bitcoin, giving it all to Kirkwood. EZ Blockchain makes money by supplying equipment and mining services for a fee.

May 21, 2021

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CAN DIRTY CRYPTO TURN CLEAN AND GREEN?

Companies like EZ Blockchain instead use the gas to power Bitcoin mining. According to Gerasymovych, this cuts 20 to 30 percent of CO2 emissions, and up to 70 percent of other harmful substances like volatile organic compounds, or VOCs.

May 05, 2021

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Frisco natural gas driller turns to Bitcoin mining to burn excess fuel

Silver Energy bought a cryptocurrency mining rig and is powering it with flared natural gas at a site outside Brooks, Alberta, in Canada.

May 04, 2021

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Green Energy’s Never Been Bigger. This Fracking ETF Doesn’t Seem to Mind

Sergii Gerasymovych, the Founder of EZ Blockchain, found a way to utilize the fracking industry in a way that benefits Bitcoin. This, in turn, could help add a new or supplanting revenue stream for fracking companies.

Apr 09, 2021

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The 2021 European Forbes 30 under 30 List – Manufacturing & Industry

Sergii Gerasymovych is an honouree of the 2021 Forbes 30 Under 30 Europe.

Apr 08, 2021

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Could Bitcoin Solve The Oil Flaring Problem?

EZ blockchain has recently set up five Bitcoin mines on gas sites, the latest in Utah with independent gas company Wesco Operating Inc. Other companies using the innovative solution include Crusoe Energy Systems Inc., which has introduced low-cost/no-cost ‘Digital Flare Mitigation’ programs with Bitcoin companies to put 20 data centers into action.

Apr 04, 2021

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Fracking Companies Pivot to Mining Bitcoin as Pandemic Woes Continue to Bite

With that, turning to alternative revenue streams has become all the more appealing in recent times. Sergii Gerasymovych, the Founder of EZ Blockchain, spotted an opportunity to bring Bitcoin and the fracking industry together.

Apr 01, 2021

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Could Bitcoin Solve The Oil Flaring Problem?

Sergii Gerasymovych, the owner of a Bitcoin mining company, EZ Blockchain, reached out to oil and gas companies a few years ago to no avail. But “The market conditions have changed,” he explained.

Apr 01, 2021

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The pandemic is turning fracking companies into Bitcoin miners

In 2018, the global cryptocurrency market had crashed, and Sergii Gerasymovych was looking for a way to keep his Bitcoin mining company afloat. He eventually settled on a plan to make money while cleaning up two notoriously climate-polluting industries.

Mar 30, 2021

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Cryptocurrency mining company eyes flared gas in Permian Basin

EZ Blockchain recently deployed a natural gas generator and a 40-foot container filled with more than 700 computer servers off the East Coast where a stranded source of natural gas is being used to generate roughly 2.5 megawatts of electricity.

Jun 23, 2020

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Chicago Company Mines at Oil Wells, Educates Producers About Bitcoin

EZ Blockchain is a Chicago-based company designing and building datacenters that can mine cryptocurrencies based on proof-of-work blockchains. It manufactures, deploys and operates mobile units at oil and gas extracting facilities, which run on what would otherwise be totally wasted energy to mint digital coins.

Dec 06, 2019

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Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint

EZ Smartbox portable mining units are powered by gas-electric generators to convert associated gas into electricity used in data processing including crypto mining. The Chicago-based company has already delivered 13 mobile units to three locations, with 6 MWs under operation and 64 PH/s of hash power. To find out more about these operations and get further insights about the industry, news.Bitcoin.com contacted Sergii Gerasymovych, founder of EZ Blockchain.

Jul 19, 2019