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 >
SEC Approves Ethereum Spot ETFs For Public Trading
SEC Approves Ethereum Spot ETFs For Public Trading
May 23, 2024
The U.S. Securities and Exchange Commission (SEC) has officially greenlighted Ether spot ETFs to trade on national securities exchanges. Multiple 19b-4 applications to list the product were approved on Thursday, just days after the SEC began rapidly engaging with issuers on the matter in an unexpected positive turn for the crypto industry. Ether ETFs Are On The Way The approval...
Solana ETFs to See More Demand Than Other Altcoin Funds: Bloomberg Analyst
Solana ETFs to See More Demand Than Other Altcoin Funds: Bloomberg Analyst
May 23, 2024
Bloomberg exchange-traded fund (ETF) analyst James Seyffart believes a Solana ETF would see more demand than similar funds for other altcoins, except ether (ETH). Seyffart’s statement was in response to a video in which CNBC Fast Money trader and crypto investor Brian Kelly said Solana ETFs were next in line following the approval of Ethereum ETFs by the United States...
Bonk Inu (BONK) Flips Floki Inu (FLOKI) Following a 15% Daily Surge: Details
Bonk Inu (BONK) Flips Floki Inu (FLOKI) Following a 15% Daily Surge: Details
May 23, 2024
TL;DR Solana-based meme coin Bonk Inu saw a 15% daily and 45% monthly price increase. Its market capitalization is nearing $2.5 billion, surpassing Floki Inu. Pepe (PEPE) is another meme coin making the headlines, hitting a new all-time high after a 110% monthly ascent. Its market cap exceeded $6 billion, making it the third-largest in its cohort. BONK Surpasses its...
Japan’s Metaplanet Stock Skyrockets 158% After Adopting Bitcoin Strategy
Japan’s Metaplanet Stock Skyrockets 158% After Adopting Bitcoin Strategy
May 23, 2024
Metaplanet, a firm in Japan known as “Japan’s MicroStrategy” on Crypto Twitter, has seen its shares surge 158% over the last week. Following this, trading stock came to a stop for two consecutive days. Meanwhile, the company is now in the lead among Japanese stocks as the highest gainer. Metaplanet’s Bitcoin Strategy Pays Off Metaplanet has gained attention due to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved