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 >
Dogecoin Price Dumps by 25% in 2 Days, Is DOGE Heading Toward $0.22?
Dogecoin Price Dumps by 25% in 2 Days, Is DOGE Heading Toward $0.22?
Dec 19, 2024
TL:DR; Although the entire cryptocurrency market corrected severely in the past 36 hours, DOGE is among the poorest performers as its price dumped by more than 25%. Many analysts weighed in on DOGEs upcoming price developments, with some predicting a further drop to key resistance lines such as $0.22. The price charts across the entire cryptocurrency market have been in...
Liquidations Skyrocket Beyond $1 Billion as BTC, Altcoins Bleed Out Heavily Again
Liquidations Skyrocket Beyond $1 Billion as BTC, Altcoins Bleed Out Heavily Again
Dec 19, 2024
The adverse price developments that started after the controversial statements by the Chair of the US Federal Reserve continue today as well, with BTC dumping to under $98,000. The altcoins have been hit even more severely, with massive double-digit losses from the likes of ETH, DOGE, ADA, AVAX, LINK, and many others. Cryptocurrency Market Overview. Source: QuantifyCrypto CryptoPotato reported yesterdays...
wBTC Delisting Stands: BiT Global’s Legal Challenge Fails
wBTC Delisting Stands: BiT Global’s Legal Challenge Fails
Dec 19, 2024
A federal judge in California has denied BiT Global Digital Ltd.s request for a temporary restraining order (TRO) to prevent crypto exchange Coinbase from delisting wrapped Bitcoin (wBTC) from its platform. US District Judge Araceli Martínez-Olguín ruled Wednesday that BiT Global failed to present sufficient evidence to demonstrate imminent irreparable harm if the delisting proceeds. Coinbase Cleared to Delist wBTC...
This Trader Made Over $6 Million by Selling Shiba Inu (SHIB) Holdings: Details
This Trader Made Over $6 Million by Selling Shiba Inu (SHIB) Holdings: Details
Dec 19, 2024
TL;DR A whale turned a $3,800 investment in SHIB into over $6 million, with remaining holdings valued at $52 million. Another trader previously saw a 628x ROI from a $2,500 SHIB purchase, potentially gaining $1.58 million. The Multi-Million Trade The meme coin sector is full of tokens that have experienced colossal price increases in the past few years, thus giving...
Copyright 2023-2026 - www.financetom.com All Rights Reserved