El Salvador Plans To Mine Bitcoin With Energy From Volcanoes

By Amit Chowdhry ● Jun 10, 2021
  • The country of El Salvador started exploring bitcoin mining using energy from volcanoes. These are the details.

The country of El Salvador has started exploring bitcoin mining using energy from volcanoes, according to President Nayib Bukele. Bukele said that the plan is to make bitcoin mining will be 100% clean and 100% renewable.

“I’ve just instructed the president of La Geo to put up a plan to offer facilities for bitcoin mining with very cheap, 100% clean, 100% renewable, 0 emissions energy from our volcanos. This is going to evolve fast,” said Bukele in a series of tweets. “Our engineers just informed me that they dug a new well that will provide approximately 95MW of 100% clean, 0 emissions geothermal energy from our volcanos. Starting to design a full bitcoin mining hub around it. What you see coming out of the well is pure water vapor.”

 

El Salvador had become the first country in the world to adopt bitcoin as legal tender after Congress had approved President Nayib Bukele’s proposal to embrace the cryptocurrency.

Bukele advocated for bitcoin’s potential to help Salvadorans living around the globe send remittances home. El Salvador does not have its own currency so it uses the U.S. dollar as legal tender.

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