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 Shoots to $66K Post Halving, Shiba Inu (SHIB) Upgrade, and More: Bits Recap April 22
Bitcoin Shoots to $66K Post Halving, Shiba Inu (SHIB) Upgrade, and More: Bits Recap April 22
Apr 22, 2024
TL;DR Bitcoins halving reduced mining rewards, decreasing the new coin supply and historically leading to price rallies, with BTC recently rising above $66,000. Shiba Inus SHIB surged after an update to Shibarium, improving its interface and compatibility with popular wallets. Ripples XRP rose 8% ahead of a pivotal lawsuit action. BTC Started Ascending The Bitcoin halving—a ground-breaking and long-anticipated event...
Massive Developments in the Ripple v SEC Lawsuit Expected This Week: Details
Massive Developments in the Ripple v SEC Lawsuit Expected This Week: Details
Apr 22, 2024
TL;DR The legal battle between Ripple and the US SEC, centered on allegations of illegal XRP sales, is set to continue with a trial on April 23. Contrary to settlement speculations, Ripples Chief Legal Officer confirmed that the two parties are not about to shake hands before the trial. Whats Coming Next? The legal spat between Ripple and the United...
XRP Bull Run Might Start if Bulls Successfully Retake These Two Levels (Ripple Price Analysis)
XRP Bull Run Might Start if Bulls Successfully Retake These Two Levels (Ripple Price Analysis)
Apr 22, 2024
After a period of consolidation within the critical range of $0.46 to $0.50, Ripples price received support and experienced increased buying pressure, resulting in a bullish rebound. However, XRP is currently retracing towards the broken trendline and the 100 and 200-day moving averages, hinting at a potential pullback. Ripple Price Analysis: Technicals By Shayan The Daily Chart A comprehensive analysis...
BTC Jumps to a Weekly High Above $66K, NEAR Soars 8% Daily (Market Watch)
BTC Jumps to a Weekly High Above $66K, NEAR Soars 8% Daily (Market Watch)
Apr 22, 2024
Bitcoins price continues its gradual increase following the completion of the halving a few days ago by jumping above $66,000 for the first time in a week. The altcoins have followed suit with minor gains over the past day. Ethereum has reclaimed $3,200, while BNB is above $600 as of now. Bitcoins Recover Continues After the massacre from the previous...
Copyright 2023-2026 - www.financetom.com All Rights Reserved