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 >
Ripple’s (XRP) 21 EMA Signal Hints Massive Rally Ahead
Ripple’s (XRP) 21 EMA Signal Hints Massive Rally Ahead
Sep 23, 2025
TL;DR XRP holds above the 21 EMA, a level that triggered past gains of 414% and 1,610%. Long-term chart patterns show consolidation below $3.31, matching pre-rally setups from earlier cycles. Short-term support at $2.71 holds firm, with $3.20 and $3.60 as immediate bullish targets. XRP Maintains Historical Pattern Around 21 EMA Recent technical analysis suggests XRP may be preparing for...
UXLINK Falls Victim to $11.3 Million Exploit, Token Plunges By Over 70%
UXLINK Falls Victim to $11.3 Million Exploit, Token Plunges By Over 70%
Sep 23, 2025
UXLINK suffered an exploit on September 22 that drained over $11.3 million in assets from the project. The incident involved hackers who took advantage of a vulnerability in the project’s multi-signature wallet that let them gain admin rights. Details of the Breach Blockchain security firm CyversAlerts alerted the community to the breach via an X post, noting that it had...
800,000 LINK Bought by Whales as 5.5M Tokens Exit Exchanges
800,000 LINK Bought by Whales as 5.5M Tokens Exit Exchanges
Sep 23, 2025
TL;DR Whales holding 100K–1M LINK added 800K tokens as the price dipped near $21.5. Exchange balances fell 5.5M LINK in 24 hours, extending steady withdrawals since July. Active addresses recovered from 4K to 5.8K, hinting at renewed participation despite a weak price. Whales Accumulate as Price Weakens Chainlink (LINK) whales added to their holdings during the latest price drop. Analyst...
Cardano (ADA) Set for Short
Cardano (ADA) Set for Short
Sep 23, 2025
TL;DR Analyst Sssebi sees ADA dipping to $0.70–$0.75 before rebounding toward $1.00 and higher by Christmas. Whale addresses moved 160M ADA recently, dropping holdings from 5.6B to 5.44B, while demand held steady. Cardano surpassed 114M transactions, with ETF approval odds climbing to 91%, boosting investor interest in ADA. Analyst Sees Pullback Before Rally Cardano (ADA) is trading around $0.82 with...
Copyright 2023-2026 - www.financetom.com All Rights Reserved