Saudi Aramco Releases Statement On Rumours About Mining Bitcoins Plans

After several media reports claimed Saudi Aramco was looking for bitcoin, the oil giant was forced to issue a statement refuting the rumors. The reports gained momentum after an interview with Ray Nasser, a Brazilian bitcoin miner, was posted on YouTube. 

Ray-Nasser & # 39; S Bitcoin Heroes & # 39; La Interview
Rumors of Saudi Aramco’s interest in bitcoin mining surfaced after the publication of an interview with Ray Nasser, a Brazilian bitcoin miner. In an interview with YouTube channel Bitcoinheroes, Nasser said:, 

“We are in talks with Aramco. All black liquid [oil] from the desert belongs to this company. All the gas they don’t use and this publicly available information, I can tell you, that’s just enough to feed half of the bitcoin network from this company.”

The report also alleged that Aramco could and could use excess gas from oil production for bitcoin mining. Instead of getting rid of the byproducts of oil production, the company could use them for digital currencies. 

Aramco needs to burn this gas. They have to get rid of this gas, which is a byproduct of oil production, that’s what they do. What if you find a way to make money doing it?”

Aramco Gives Denial 
Saudi Aramco, for its part, quickly dismissed rumours that the company was planning to mine bitcoin by issuing a response to the rumours, 

“Based on recent reports claiming that the company will begin mining bitcoin, Aramco confirms that these claims are completely false and inaccurate.

Mining Case 
Unsurprisingly, the interview sparked many rumors that Aramco was speculating about bitcoin mining. Bitcoin mining requires significant amounts of energy, and Saudi Aramco generates large amounts of energy as a result of its oil and gas operations. Hypothetically, it is possible that Aramco’s energy could be used for bitcoin mining by burning gas. 

Anyway, INV

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