Jean Ann Salisbury, an industry analyst at Bernstein, a well-known Wall Street investment bank, called for the use of more environmentally friendly and surplus natural gas power generation to support Bitcoin and other cryptocurrency mining.

For now, due to the discovery of a huge 2.5 billion cubic feet of natural gas in the Permian Basin of Texas in the United States, there will be a large amount of excess energy, which will cause waste due to the inability to use natural gas in a timely and effective manner. On the other hand, the proof-of-work consensus process of Bitcoin and other cryptocurrencies consumes a lot of electricity, so miners in the blockchain network are always looking for cheap and plentiful electricity supplies.

Not only that, Jean Ann Salisbury said that 17 million bitcoins have been mined so far, and the highly volatile bitcoin price may make large-scale bitcoin mining unprofitable in the short term, which in turn leads to an exponential increase in mining difficulty. Therefore, they suggest that some oil extraction companies can try to use natural gas to generate electricity, which can not only reverse the current problem of low natural gas prices, but also avoid energy waste.

Last December, Japan's GMO also invested millions of dollars to launch a green energy bitcoin mining facility. In fact, it is a good business idea to use natural gas to generate electricity for mining, because the traditional power generation mode will cause a large amount of carbon dioxide emissions from coal burning, which will pollute the air and cause global warming, which is also very unhealthy for the overall environment.