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 >
3 Things to Watch in Bitcoin During the Weekend
3 Things to Watch in Bitcoin During the Weekend
Aug 23, 2024
Bitcoins price has been on a rollercoaster throughout the past few days but it appears that, at least for now, the bulls have the upper hand. They were successful in reclaiming the important technical and psychological level of $60K and are currently attempting to push BTC above $61,000. Source: TradingView However, we are headed for the weekend, when the price...
Crypto Price Analysis August
Crypto Price Analysis August
Aug 23, 2024
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) There is a lot of hope that Ethereum will recover and enter a rally again, but so far, the price action does not give a clear picture of whether this can happen anytime soon. ETH also closed the week with a modest 2%...
Specific Group of Meme Coins Explode Following Donald Trump’s Recent Announcement
Specific Group of Meme Coins Explode Following Donald Trump’s Recent Announcement
Aug 23, 2024
TL;DR Donald Trump has shifted to supporting cryptocurrencies, aiming to make the US a global crypto leader if elected. His endorsement of a new crypto platform and rising political support could be among the reasons boosting the prices of several Trump-themed meme coins. Trumps Latest Pro-Crypto Move One of the main US presidential candidates Donald Trump was among the biggest...
Fundamental Ripple (XRP) Update: Native Stablecoin Development Progress
Fundamental Ripple (XRP) Update: Native Stablecoin Development Progress
Aug 23, 2024
TL;DR Ripple plans to launch a stablecoin called Ripple USD (RLUSD) on the XRP Ledger and Ethereum, aiming to bridge crypto with traditional finance. A few days ago, Ripple minted the first portion of RLUSD tokens as part of a private beta testing. The Latest Development Ripple became the talk of the town earlier this year when announcing that it...
Copyright 2023-2026 - www.financetom.com All Rights Reserved