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 >
3 Reasons Why the Shiba Inu (SHIB) Price May Rally in the Near Future
3 Reasons Why the Shiba Inu (SHIB) Price May Rally in the Near Future
Jan 7, 2025
TL;DR The upcoming launch of TREAT and reduced Shiba Inu holdings on exchanges signal ecosystem growth and lowered selling pressure, potentially driving a price rally. Over 44.6 billion SHIB were burned in 2024, highlighting consistent efforts to reduce supply and enhance value. New Bull Run on the Horizon? Despite the severe fluctuations, Shiba Inu (SHIB) performed quite well last year,...
Arthur Hayes Expects the Crypto Market to Peak in March: Here’s Why
Arthur Hayes Expects the Crypto Market to Peak in March: Here’s Why
Jan 7, 2025
Over the past 24 hours, the crypto market has taken an unexpected yet appealing turn. The valuation of leading crypto assets like bitcoin (BTC) has soared to heights not seen since the start of the year. The latest market performance has prompted crypto experts like Arthur Hayes, BitMEX’s co-founder and former CEO, to restructure their projections. In his latest report,...
Bitcoin Price Plunges by $5K in Minutes: Leaves Almost $400 Million in Liquidations
Bitcoin Price Plunges by $5K in Minutes: Leaves Almost $400 Million in Liquidations
Jan 7, 2025
Bitcoins adventure above $100,000 was short-lived as the asset plummeted below that level roughly 24 hours after breaching it yesterday. As expected, the altcoins have suffered even more, with massive price drops from the likes of LINK, DOGE, AVAX, SUI, SHIB, and many others. CryptoPotato reported yesterday that BTCs price finally broke above $100,000 after a nearly three-week hiatus. This...
Bitcoin Price Analysis: Can BTC Register New All
Bitcoin Price Analysis: Can BTC Register New All
Jan 7, 2025
Bitcoin’s price has finally climbed back above the $100K mark but is yet to create a new record high. However, judging by the current price action, it is quite likely to do so soon. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been rising since rebounding from the $91K support level. Yesterday,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved