Tom Masiero, Great American Mining, discusses Bitcoin Mining in the Bakken and how blockchain could be entering into oil and gas sooner than later.
Masiero explains how the Chinese integration of blockchain into oil and gas will be relevant in the United States very soon. Many in China believe it will change the world.
Great American Mining has been been mining Bitcoin in the Bakken oil fields since last year using excess gas formed as a byproduct of mining oil to power the rigs.
Bitcoin miners are looking for cheap and abundant energy sources, while Oil and Gas companies are looking new sources of efficiency and non-traditional revenue.
The Crude Life Podcast can be heard every Monday through Thursday with a Week in Review on Friday.
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