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 >
Meme Coin Madness: Their Total Market Cap Hits an ATH of Over $120 Billion
Meme Coin Madness: Their Total Market Cap Hits an ATH of Over $120 Billion
Nov 12, 2024
TL;DR Meme coins like DOGE, SHIB, PEPE, FLOKI, BRETT, and many more have charted double-digit price increases in the last 24 hours. Conversely, MOG, SPX, and GIGA are among the few that have not followed the green wave. Memes are on Fire Meme coins have been performing really well since Donald Trumps win in the US presidential elections. Earlier today...
DOGE Price Soars 150% Weekly But This Exploding Metric Hints at Further Gains
DOGE Price Soars 150% Weekly But This Exploding Metric Hints at Further Gains
Nov 12, 2024
Dogecoin (DOGE) has emerged as one of the best-performing assets this month amidst a broader market rally. Over the past day alone, the OG meme coin has surpassed $0.4, reclaiming levels not seen since 2021 after surging nearly 50%. With weekly gains now exceeding 150%, Dogecoin has climbed to the sixth position in the crypto rankings, signaling a renewed wave...
Ripple (XRP) Finally Awakes With 12% Daily Surge, Bitcoin (BTC) Briefly Touched $90K (Market Watch)
Ripple (XRP) Finally Awakes With 12% Daily Surge, Bitcoin (BTC) Briefly Touched $90K (Market Watch)
Nov 12, 2024
What a week has been for the cryptocurrency market, with bitcoin at the helm of gains. The past 24 hours alone saw the asset skyrocketed to $90,000 for the first time ever before it was stopped there. The altcoins have posted impressive gains within the same timeframe as well, led by Dogecoins mindblowing rally. BTC Stopped at $90K The most...
The Reasons Why the Cardano (ADA) Price is Up Almost 100% in a Week
The Reasons Why the Cardano (ADA) Price is Up Almost 100% in a Week
Nov 12, 2024
TL;DR ADA has witnessed a notable rally as of late, driven by a broader crypto resurgence and other essential factors. Over 60% of ADA holders now sit on paper profits, a significant improvement from Augusts lows, when almost 90% were underwater. ADA Keeps Rallying Cardanos ADA has been among cryptos best performers in the past week, with its price exploding...
Copyright 2023-2026 - www.financetom.com All Rights Reserved