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 >
XRP Army Rejoice: Ripple Hits Major Milestone as XRP Price Flashes Buy Signal
XRP Army Rejoice: Ripple Hits Major Milestone as XRP Price Flashes Buy Signal
Sep 21, 2025
TL;DR XRP has slipped below a crucial support level, but a popular analyst noted that this could be a proper buy-the-dip opportunity. At the same time, Ripples XRP Ledger continues to grow, hitting a substantial milestone in terms of users. $XRP is a BUY, according to the TD Sequential! pic.twitter.com/fY7GTgXEB0 The TD Sequential is a widely used technical indicator that...
BNB Smashes Past $1K to New ATH as Bitcoin Slips Further From $116K (Weekend Watch)
BNB Smashes Past $1K to New ATH as Bitcoin Slips Further From $116K (Weekend Watch)
Sep 21, 2025
Bitcoins rather dull price movements over the weekend continue as the asset has fallen away from the $116,000 level, which it challenged yesterday. Most larger-cap altcoins are also quite sluggish, aside from BNB, which keeps charting fresh peaks, with the latest being well above $1,050. BTC to Lose $116K? The primary cryptocurrencys business week began with a price surge from...
The ‘Uptober’ Effect: Why Analysts Are Bullish on Bitcoin’s Price in October
The ‘Uptober’ Effect: Why Analysts Are Bullish on Bitcoin’s Price in October
Sep 21, 2025
Bitcoin (BTC) is on track for a third consecutive green September, a trend that has historically set the stage for a double-digit October rally. With gains for the month currently hovering around 8%, analysts are watching to see if this pattern, dubbed Uptober, will repeat itself. Look Out for the Double-digit October Analysts are watching BTC closely this month, noting...
We Asked 3 AIs for XRP’s Highest Price in The Week Ahead and Got Surprising Answers
We Asked 3 AIs for XRP’s Highest Price in The Week Ahead and Got Surprising Answers
Sep 21, 2025
TL;DR AI chatbots like ChatGPT are bullish that XRP can spike substantially next week. However, they also warned that the asset may tumble to multi-month lows if it loses a critical support level. New ATH Next Week? Ripples XRP reached a local peak of almost $3.20 earlier this month. Since then, it has retraced to $3.01 (per CoinGeckos data), but...
Copyright 2023-2026 - www.financetom.com All Rights Reserved