2min chapter

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#1116 Matt Lohstroh On Why Every Oil & Gas Company Will Mine Bitcoin

The Pomp Podcast

CHAPTER

Bitcoin Mining

In Colorado, they said no flaring. What changed in the oil and gas industry? You couldn't drill some wells. So this is like classic, uh, government intervention in a free market because they have like ancillary interest in terms of the environmental stuff or whatever. In North Dakota, you can flare, but you have to gather it all to one location and then flare 20 wells on one site.

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