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 >
UXLINK Falls Victim to $11.3 Million Exploit, Token Plunges By Over 70%
UXLINK Falls Victim to $11.3 Million Exploit, Token Plunges By Over 70%
Sep 23, 2025
UXLINK suffered an exploit on September 22 that drained over $11.3 million in assets from the project. The incident involved hackers who took advantage of a vulnerability in the project’s multi-signature wallet that let them gain admin rights. Details of the Breach Blockchain security firm CyversAlerts alerted the community to the breach via an X post, noting that it had...
Cardano (ADA) Set for Short
Cardano (ADA) Set for Short
Sep 23, 2025
TL;DR Analyst Sssebi sees ADA dipping to $0.70–$0.75 before rebounding toward $1.00 and higher by Christmas. Whale addresses moved 160M ADA recently, dropping holdings from 5.6B to 5.44B, while demand held steady. Cardano surpassed 114M transactions, with ETF approval odds climbing to 91%, boosting investor interest in ADA. Analyst Sees Pullback Before Rally Cardano (ADA) is trading around $0.82 with...
Mixed Signals From The Fed: What Does it Mean For Crypto Markets?
Mixed Signals From The Fed: What Does it Mean For Crypto Markets?
Sep 23, 2025
Powell delivered a speech at the Greater Providence Chamber of Commerce on Tuesday, outlining the central bank’s economic outlook, which could heavily impact risk-on assets such as crypto. He said that GDP growth has moderated to around 1.5% in the first half of the year, down from 2.5% last year, and unemployment remains low at 4.3%. Inflation figures were also...
Ripple’s Dual Push: RLUSD Stablecoin and ETFs to Drive XRP Volume
Ripple’s Dual Push: RLUSD Stablecoin and ETFs to Drive XRP Volume
Sep 23, 2025
Ripple is executing a strategic pivot that could redefine the role of Ripple (XRP) in global finance. Alexis Sirkia, Captain of the Yellow Network, believes the launch of Ripple USD (RLUSD) and the first U.S.-based XRP ETFs could reignite transaction volume on XRPL. RLUSD-XRP Synergy Fuels Liquidity and Adoption Sharing his views with CryptoPotato, Sirkia outlined the changing digital asset...
Copyright 2023-2026 - www.financetom.com All Rights Reserved