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 >
​​​​​​Dow holds above 39,000 and Nasdaq 100 stabilises, while Nikkei 225 aims to push higher
​​​​​​Dow holds above 39,000 and Nasdaq 100 stabilises, while Nikkei 225 aims to push higher
Jun 27, 2024
​​​Dow stabilises after fall ​The index continued to fall yesterday, after Tuesday’s heavy losses, but buyers entered the fray to lift the index off the lows, and the cash session ended with small gains. ​Early trading this morning has seen the index move higher, maintaining the bullish view with the price holding above the 50-day and 100-day simple moving averages....
BlackRock’s IBIT Stays Stagnant Despite Bitcoin ETFs Bounce Back With $21.5M in Inflows
BlackRock’s IBIT Stays Stagnant Despite Bitcoin ETFs Bounce Back With $21.5M in Inflows
Jun 27, 2024
The US spot Bitcoin ETFs appear to be slowly recovering as the collective inflows reached $21.52 million on June 26th, continuing with the positive momentum that began on Tuesday. However, BlackRocks iShares Bitcoin Trust (IBIT) has not reported any new investments for the past four days. This isnt its highest streak, though, as in April, the fund recorded five straight...
Is The US Government Selling $240 Million in Bitcoin (BTC) Related to Silk Road?
Is The US Government Selling $240 Million in Bitcoin (BTC) Related to Silk Road?
Jun 27, 2024
The U.S. government has transferred $240 million worth of Bitcoin (BTC) to a Coinbase Prime address. According to Arkham Intelligence, the 3,940 BTC sent to Coinbase were originally forfeited from Silk Road vendor and narcotics dealer Banmeet Singh during his January trial. Seizures and Legal Actions In late 2021, the U.S. Department of Justice (DOJ) seized over 50,000 BTC, valued...
BTC Price Slips Toward $60K Again, DOT Falls Further Away From $6 (Market Watch)
BTC Price Slips Toward $60K Again, DOT Falls Further Away From $6 (Market Watch)
Jun 27, 2024
Bitcoins underwhelming price actions continue as the asset failed to maintain above $61,000 and has headed toward the coveted $60,000 support level. The altcoins are in a similar state, with DOGE, ADA, SHIB, LINK, PEPE, NEAR, and others dropping by more than 3% in the past day alone. BTC to Lose $60K? The weekend went in a familiar fashion as...
Copyright 2023-2026 - www.financetom.com All Rights Reserved