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 >
Gary Gensler Lambasted as Most ‘Historically Destructive and Lawless’ SEC Chair
Gary Gensler Lambasted as Most ‘Historically Destructive and Lawless’ SEC Chair
Sep 25, 2024
On Sept. 24, Minnesota Representative Tom Emmer took aim at Gary Gensler over his “disastrous record” as Chairman of the SEC. The grilling came during a House Financial Services Committee congressional hearing. Emmer accused Gensler of expecting political allegiance from SEC staff, including civil servants; however, the SEC chair denied this claim despite email evidence to the contrary. “The way you...
Cardano Reaches 1
Cardano Reaches 1
Sep 25, 2024
TL;DR ADAs price surged to almost $0.40, potentially driven by positive metrics such as an increase in large transactions. However, its RSI recently spiked to 81, suggesting overbought conditions and a potential correction despite predictions of further rallies from analysts. ADAs Resurgence Cardanos ADA has been among the top-performing leading digital assets in the last 24 hours, with its price...
Here’s How Solana Can Reach 50% of Ethereum’s Market Cap: VanEck Research
Here’s How Solana Can Reach 50% of Ethereum’s Market Cap: VanEck Research
Sep 25, 2024
Ethereum used to dominate almost all non-Bitcoin blockchain sectors in the industry but has gradually lost some of its grip over certain markets to competitors like Solana. VanEcks research department, MarketVector, decided to delve deep into the battle between the two layer-1 behemoths to see whats what. Solana Vs. Ethereum The report, authored by Martin Leinweber, highlights some major differences...
Ethereum (ETH) Will Reclaim $3,000 If This Happens
Ethereum (ETH) Will Reclaim $3,000 If This Happens
Sep 25, 2024
Ethereum (ETH), the second largest cryptocurrency, has failed to reclaim the $3,000 price mark since early August. However, things could begin looking positive for the asset once again. An analyst from the blockchain analytics platform CryptoQuant has shared a chart explaining how a continued cash inflow into the Ethereum futures market could elevate the biggest altcoin. Source: CryptoQuant Funding Rates...
Copyright 2023-2026 - www.financetom.com All Rights Reserved