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 >
Importnat Shiba Inu (SHIB) Update Coming Up Next Week: Details
Importnat Shiba Inu (SHIB) Update Coming Up Next Week: Details
Apr 26, 2024
TL;DR Shiba Inus layer-2 scaling solution is set for a major update on May 2, aiming to enhance user experience and streamline transaction fees. The amendment aims to improve the platforms security, with more details to be shared closer to the launch date. The Approaching Transformative Upgrade The team behind Shiba Inu announced on X that the layer-2 scaling solution, Shibarium, will...
Crypto.com Recruits Eminem For NBA Playoff Game Commercial
Crypto.com Recruits Eminem For NBA Playoff Game Commercial
Apr 26, 2024
Crypto.com has produced a new commercial with the famous rapper Eminem that’s due to showcase during the NBA playoffs this weekend. The ad follows similar television marketing efforts from Coinbase, indicating that major sports leagues may be rewarming to the crypto industry. Crypto.com’s New Sport Ad Campaign As shared on the famous rapper’s Twitter page on Friday, the ad begins...
Strike CEO Predicts $1 Million BTC Amid COVID
Strike CEO Predicts $1 Million BTC Amid COVID
Apr 26, 2024
Bitcoin could be headed to $1 million after a tsunami of newly printed cash drives up all asset prices, according to Strike CEO Jack Mallers. The executive, whose payments app lets people remit fiat currency around the world on Bitcoin rails, said in a Friday interview that money printing will be required to bail out the U.S. bond market, which...
Exchange Inflow Surge: Are Bitcoin Whales Taking Profits?
Exchange Inflow Surge: Are Bitcoin Whales Taking Profits?
Apr 26, 2024
Bitcoin whales appear to be realizing their profits from BTCs latest rally, as on-chain analysts have identified a surge in inflows to centralized crypto exchanges. According to a CryptoQuant Quicktake by anonymous crypto analyst Phi Deltalytics, BTC whale inflows to exchanges currently constitute a substantial portion of overall flows to trading platforms. Whales May Be Taking Profits A separate Quicktake...
Copyright 2023-2026 - www.financetom.com All Rights Reserved