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 >
New Bitcoin Record At $118K: On
New Bitcoin Record At $118K: On
Jul 11, 2025
Bitcoin (BTC) has surged to a fresh all-time high above $ 118,000, after gaining more than 6% over the past day. Despite this, on-chain data suggests the current rally remains far from overheated and instead hints at further growth potential. Room for Further Growth During the previous peaks in March and December 2024, the MVRV ratio climbed above 2.7 as...
Crypto Price Analysis July
Crypto Price Analysis July
Jul 11, 2025
This Friday, we examine Ethereum, Ripple, Cardano, Solana, and Hyperliquid in greater detail. Ethereum (ETH) Ethereum just had a major breakout with a 17% rally this week. The price broke the $2,800 resistance and rushed above $3,000 before a pullback started. With higher highs and higher lows confirmed, Ethereum is poised to continue its rally. The previous resistance at $2,800...
Top Signal? Ethereum Foundation Sells $3.5 Million in ETH at $2900
Top Signal? Ethereum Foundation Sells $3.5 Million in ETH at $2900
Jul 10, 2025
ETH has gained 16.7% in the past seven days and over 8% in the past 24 hours alone. This comes amid a heated rally in the broader cryptocurrency market where BTCs price just reached a new all-time high above $118,000. Ironically, some warning signs are starting to pop already. According to popular on-chain monitoring resource Lookonchain, a wallet linked to the Ethereum...
XRP Price Flashes 2017 Pattern, $10 in Sight for Ripple?
XRP Price Flashes 2017 Pattern, $10 in Sight for Ripple?
Jul 10, 2025
TL;DR XRP breaks out of multi-year triangle, mirroring 2017 pattern with strong price momentum. Whale transfers and surging volume add speculation amid XRP’s sustained move above key levels. Analyst Javon Marks sees a potential 251% rally with a target of $9.63 or beyond. XRP Shows Strong Momentum Above 2017 High Ripple (XRP) was trading at $2.58 at press time, up...
Copyright 2023-2026 - www.financetom.com All Rights Reserved