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 >
Peter Brandt: Bitcoin
Peter Brandt: Bitcoin
Dec 11, 2024
Bitcoin had a brief hiccup for two days, Monday and Tuesday, against the backdrop of a roaring month-long bull rally for the cryptocurrency. More recently, BTC absolutely melted up from $68,000 at the start of November to a record high above the $100,000 level in about 30 days. But the brief pull-back may have only been the little orange coin...
New Crypto Scam Uses Fake Influencer Accounts to Lure Victims Into Telegram Malware Trap
New Crypto Scam Uses Fake Influencer Accounts to Lure Victims Into Telegram Malware Trap
Dec 11, 2024
A new wave of crypto scams has emerged, with attackers using fake X accounts to impersonate popular influencers and lure unsuspecting users into fraudulent Telegram groups. Users are then manipulated into installing malware that compromises crypto wallet data. Scammers Moving Beyond Simple Phishing Scams According to blockchain security firm Scam Sniffer, the scammers comment on legitimate posts, enticing users with offers...
Bitcoin (BTC) Price Surge on the Horizon? This Vital Metric Suggests So
Bitcoin (BTC) Price Surge on the Horizon? This Vital Metric Suggests So
Dec 11, 2024
TL;DR After a correction below $94,500, BTC rebounded to almost $99,000, with certain indicators signaling a further push to the north. Some analysts see BTCs next targets ranging from $101,000 to $275,000, supported by bullish technical patterns and market sentiment. New BTC Rally Incoming? The primary cryptocurrency became the talk of the town at the start of the month when...
Raydium Surpasses Uniswap to Claim Top Spot in Monthly DEX Volume: Messari
Raydium Surpasses Uniswap to Claim Top Spot in Monthly DEX Volume: Messari
Dec 11, 2024
In October, Raydium made history by becoming the number one DEX by volume across all chains, a milestone it quickly built on in November. According to Messaris latest report, Raydium surged ahead of Uniswap in monthly DEX volumes by a striking 30%, achieving $124.6 billion compared to Uniswaps $90.5 billion. Raydium Leaves Uniswap Behind Raydium has steadily increased its share...
Copyright 2023-2026 - www.financetom.com All Rights Reserved