Bitcoin

El Salvador volcano for bitcoin mining

El Salvador’s president, Nayib Bukele, has called on bitcoin miners to take advantage of new facilities that will be built at the state-owned geothermal and electricity company specifically for the industry.

“Our engineers just informed me that they have drilled a new well, which will provide approximately 95 [megawatts] 100% clean, 0 geothermal emissions from our volcanoes,” Bukele shared Twitter. “Begin designing an entire bitcoin mining hub around it.”

The idea of ​​using El Salvador’s volcanoes as a power source for bitcoin mining apparently surfaced in a Twitter Spaces chat room hosted by Nick Carter, co-founder of Coin Metrics. The chat room is having conversations about Bitcoin, mining and how the largest cryptocurrency has a significant penetration in developing countries, Carter said Interview.





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