Stephen Barber, founder of Upstream Data, discusses his innovative approach to reducing carbon emissions by powering Bitcoin mining operations with excess gas from oil wells. As a former heavy oil and gas engineer, Barber recognized the issue of vented and wasted gas in the industry and developed a solution to use this energy for Bitcoin mining. The process involves constructing a natural gas engine that generates electricity, which powers Bitcoin mining computers. The excess gas fuels the engine, eliminating the need for pipelines. Upstream Data's Bitcoin mining operations have been successful, with high returns for end users and reduced carbon emissions. Producers are investing in this technology as it addresses their emissions profile and potential tax obligations. The company has experienced significant growth, with over 85 deployments, and plans to have over 200 active units by the end of 2021. Barber emphasizes that oil producers are not wasteful and are embracing every available technology, including Bitcoin mining using flared gas, to be responsible stewards of their resources.