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El Salvador Kicks Off Bitcoin Mining Operation Using Geothermal Energy From Volcanoes

Officially, El Salvador starts mining Bitcoin (BTC) using geothermal power from volcanoes.

Additionally, Salvadoran President Nayib Bukele shows a video thriller of the new mining facility to his 2.9 million.
More so, Bukele goes on to share screenshot from a wallet that the country uses to collect the BTC. As at Bukele’s post, 0.00599179 BTC, worth $286 is successful mined with energy from volcanoes.

“We’re still testing and installing,…”
“…but this is officially the first Bitcoin mining from the volcanode”

Notably, Bukele says that the state-owned geothermal electric energy LaGeoSV will create a Bitcoin mining facility. Of course, with a “very cheap, 100% clean, 100% renewable, 0 emission energy” from the country’s volcanoes.

Despite criticism and protests, The Central American nation becomes the first country in the world to adopt Bitcoin as legal tender. Its also known as the land of volcanoes. Also, its the first to start mining bitcoin with ones Geothermal Energy.

Lastly, Unidad De Transacciones, the country’s power market administrator reports that about 25% of El Salvador’s current power is from geothermal energy.

Conclusively, Bitcoin is sitting at $48,061 trading levels as of writing, representing a 14% increase. More so, recovering from its seven-day low of $41,002, according to CoinGecko.

Related posts – Salvadoran President Nayib Bukele – A Discount For Citizens Paying For Gas With Chivo Wallet

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.