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 >
Bitcoin Price Crashes Toward $53K But Arthur Hayes Expects It To Plummet Further
Bitcoin Price Crashes Toward $53K But Arthur Hayes Expects It To Plummet Further
Sep 6, 2024
Bitcoin’s price collapsed on Friday below $53,000, reaching its lowest level since the “Black Monday” following macroeconomic shakeups in early August. The collapse appears to have fully corroborated the prediction of BitMEX co-founder Arthur Hayes, who believes there could still be more pain to come for crypto holders. Bitcoin traded for $56,925 at 1:25 PM UTC, before collapsing to $52,871...
These Altcoins Bleed Out as Bitcoin (BTC) Price Fell by $4K in Hours (Weekend Watch)
These Altcoins Bleed Out as Bitcoin (BTC) Price Fell by $4K in Hours (Weekend Watch)
Sep 7, 2024
Bitcoins nosedives continued in the past 24 hours as the asset slumped from an intraday high of $57,000 to under $53,000 within hours. The altcoins are also in the red, and the total crypto market cap has dumped to $2 trillion for the first time in over a month. BTCs Troubles Keep Coming The primary cryptocurrency lost the coveted $60,000...
Venezuelan Opposition Leader Proposes Bitcoin as National Reserve Asset
Venezuelan Opposition Leader Proposes Bitcoin as National Reserve Asset
Sep 6, 2024
María Corina Machado, a leading figure in Venezuelas opposition, has proposed a plan to adopt Bitcoin (BTC) as a national reserve asset. In an interview with Alex Gladstein from the Human Rights Foundation on Thursday, she called the cryptocurrency a lifeline and a vital means of resistance against the country’s economic collapse. Bitcoin as a National Reserve Asset Her proposal...
Vitalik Buterin Pledges L2 Tokens to Support Public Goods in the Ethereum Ecosystem
Vitalik Buterin Pledges L2 Tokens to Support Public Goods in the Ethereum Ecosystem
Sep 6, 2024
Ethereum co-founder Vitalik Buterin has pledged to donate all Layer 2 (L2) tokens he holds to support public goods within the Ethereum ecosystem or broader charitable causes. This announcement comes a few days after accusations that he had sold millions in Ether (ETH) for personal gain. Vitalik Buterin Denies Profit Motive Buterin was quick to respond to the allegations, emphasizing...
Copyright 2023-2026 - www.financetom.com All Rights Reserved