financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
Explained: How volcanoes can help clean up crypto mining
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Explained: How volcanoes can help clean up crypto mining
Jun 24, 2021 10:21 AM

El Salvador President Nayib Bukele has been in the news for two reasons -- his plans to tap into geothermal energy as an alternate source of power and adopting Bitcoin as legal tender.

President Bukele tweeted that he had “instructed the president of LaGeoSV to put a plan to offer facilities for Bitcoin mining energy from our volcanos” as he has legalised Bitcoin as another form of digital currency in El Salvador.

I’ve just instructed the president of @LaGeoSV (our state-owned geothermal electric company), to put up a plan to offer facilities for #Bitcoin mining with very cheap, 100% clean, 100% renewable, 0 emissions energy from our volcanos

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Analyst Predicts ETH to $10K with Staking ETF Approval
Analyst Predicts ETH to $10K with Staking ETF Approval
Jul 15, 2025
Ethereum (ETH) may be poised for a major breakout, but the trigger might not be what most investors expect. According to EMJ Capital founder Eric Jackson, ETH could hit $10,000 by the end of the current cycle, fueled not just by exchange-traded funds (ETFs) but by the anticipated greenlighting of staking within those products. The Staking Catalyst In a series...
XRP Is Screaming for New All
XRP Is Screaming for New All
Jul 14, 2025
TL;DR Ripples native token skyrocketed to just over $3 yesterday, reaching its highest price tag in over four months. Although it was stopped there, at least for now, one popular analyst believes a new all-time high could be just around the corner. XRPUSD. Source: TradingView It has been a fantastic period for the entire cryptocurrency market, which started last Wednesday...
Dogecoin Bounces Off $0.19—Here’s What Could Spark the Next Rally
Dogecoin Bounces Off $0.19—Here’s What Could Spark the Next Rally
Jul 15, 2025
TL;DR Dogecoin reclaims $0.19 as support, forming higher lows and targeting a push toward $0.25. Analysts highlight $0.213 as the breakout level for DOGE to extend its upward momentum. RSI stays neutral, while Bollinger Bands and volume suggest room for more price movement. Dogecoin Holds $0.19 Dogecoin (DOGE) has found fresh support at the $0.19 level and is now trading...
Ethereum Price Eyes $4K as GENIUS Act Vote Sparks Bullish Surge
Ethereum Price Eyes $4K as GENIUS Act Vote Sparks Bullish Surge
Jul 15, 2025
TL;DR GENIUS Act vote may unlock billions in stablecoin demand directly into the Ethereum network. Ethereum ETFs just recorded their biggest inflows since launch, reflecting deepening institutional activity. Liquidations for ETH are well above $100 million daily, given todays price correction, but the asset is well ahead weekly. GENIUS Act Vote Could Shift Ethereum Demand Ethereum (ETH) was trading near...
Copyright 2023-2026 - www.financetom.com All Rights Reserved