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Texas should use Bitcoin mining to capture wasted natural gas: Sen. Ted Cruz

Published 10/11/2021, 02:07 AM
Updated 10/12/2021, 03:40 AM
© Reuters.

United States Senator Ted Cruz believes that his country should be using natural gas to mine Bitcoin (BTC) instead of flaring it.

Speaking during Friday’s Texas Blockchain Summit, Senator Cruz asserted that Bitcoin mining can be used to monetize energy created through oil and gas extraction rather than burning it, arguing that there is “enormous opportunity for Bitcoin [...] to capture that gas instead of wasting it.”

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