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

America’s Bitcoin Miners See Georgia as the New U.S. Hot Spot

Regulations that vary by state sometimes spark miners to move their operations. Sergii Gerasymovych was excited when his crypto company sold a big mining rig to an oil and gas operator with plans to mine Bitcoin in New Mexico. But when the company started to install the mobile rig, which burns natural gas that would otherwise be flared to power about 700 miners, they learned that New Mexico strictly regulated generators like the one in the mining rig.

Feb 07, 2022

Building A Sustainable Cryptocurrency Future Using Bitcoin Mining With Natural Gas

The digital mining of Bitcoin and other cryptocurrencies is an incredibly energy-intensive process. EZ Blockchain keeps greenhouse gasses out of the atmosphere by utilizing wasted energy with the help of Bitcoin mining and high-density computing.

Dec 20, 2021

Flared Gas Crypto Mining: From Commodity to Currency

Affordable sources of energy are vital in high-density computing, and when EZ Blockchain launched as a hosting provider in 2017, the company soon realized it needed to get off the grid to remain profitable. After all, proof of blockchain work—also known as crypto mining—is notoriously power-consuming, and electricity costs were devouring company profits.

Nov 10, 2021

Power-guzzling crypto miners racing to find cheaper energy sources

The EZ Smartbox solution that Gerasymovych's company offers also comes with a mobile 1.5-MW natural gas-fired generator. Crypto miners that use the EZ Smartbox pay a starting price of $75 per kW, not including the mining equipment.

Aug 11, 2021

This Utah oil producer was wasting natural gas. Now it uses it to mine cryptocurrency

EZ Blockchain provided two “miners,” which came in 30-foot-long boxes — called a Smartgrid Flaring Mitigation System — and adapted them to the site-specific needs at the Blue Hills plant. After four months of testing, the system went fully operational in February.

Jul 27, 2021

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

EZ Blockchain Partners With Texas-Based Oil Provider to Monetize Wasted Natural Gas With Bitcoin

After the installation of Microbt Whatsminers, EZ Blockchain said that the project reached around 1 megawatt of power consumption. All of the power is “processed from 250 MCFd of stranded natural gas using a gas-electric generator,” the company’s blog post notes.

May 30, 2021

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

CAN DIRTY CRYPTO TURN CLEAN AND GREEN?

Companies like EZ Blockchain instead use 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

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

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

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

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

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

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

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

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

Chicago Company Mines at Oil Wells, Educates Producers About Bitcoin

EZ Blockchain is a Chicago-based company designing and building data centers 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

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