Black Rock Petroleum is a giant producer based in Nevada State, United States. The enterprise has recently decided to enter into a contract with Optimum Mining Host, and they are planning to install as many as 1 million Bitcoin mining machines in the region. The host venue is a land in Alberta, and it is sourced from China.
The first confirmation came from a press release by the petrochemical organization last month. However, a Canada-based public news outlet-CBC has recently picked up the news. This mining farm will have three natural gas emission sites in Alberta. The installments of 200,000, 300,000, and 500,000 mining machines are going to be deployed in each location, respectively.
Zoltan Nagy, CEO of Black Rock Petroleum, told media that the property that is specified for this new crypto venture is based in Quirk Creek. The location of this land is ideal for a mining farm. He further added that the production levels for natural gas pumps are good and above average. He claimed that the engineers and experts are confident that they are ready to undertake the new venture.
With the addition of crypto mining, the Petroleum Company will be able to use the extra gases to good use. He claimed that the latest technological innovations would allow the Bitcoin miners to acquire consensus at only three cents per kWh worth of energy. The service contract between Black Rock and Optimum Mining is good for two years, and if everything goes smoothly, it could be extended for 12 months.
CBC is the largest Canada-based media outlet that covered this story recently. The article cites Brandon Arvanaghi who is a Bitcoin mining engineer hailing from the USA. Arvanaghi opines that the aim to install 1 million mining machines is a somewhat unrealistic goal. He further added that bringing state-of-the-art mining equipment to a rural area like Alberta can pose some serious challenges.
President of the Midstream Corporation of Caledonia-Charles Selby also agrees with the concerns. He claimed that the current gas production levels are suitable to support as many as 10,000 Bitcoin mining machines at best. Meanwhile, Black Rock executive brass is betting on gaining on as many mining apparatuses as possible that are ousted from China. If 1 million machines are planted and become operational, it will make Black Rock have 25% of the BTC hashrate generator globally.