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 >
Risk Sentiment Remains Positive: Gold, VIX, Tesla Latest Outlooks
Risk Sentiment Remains Positive: Gold, VIX, Tesla Latest Outlooks
Apr 24, 2024
Gold, VIX, and Tesla Latest Outlooks and Analysis The VIX falls 27% from Friday’s highTesla rallies 14% after hours despite missing expectations.Gold pops higher on a weaker US dollar.For expert Q2 US dollar analysis, download our complimentary guide below: Recommended by Nick Cawley Get Your Free USD Forecast For all economic data releases and events see the DailyFX Economic Calendar...
Meme Coin Bull Market: BONK, WIF, PEPE, and Others Spike by Double Digits
Meme Coin Bull Market: BONK, WIF, PEPE, and Others Spike by Double Digits
Apr 24, 2024
TL;DR Meme coins like Bonk Inu, dogwifhфat, and others are seeing significant price increases, while the leaders Dogecoin and Shiba Inu show more modest gains. Analysts predict a possible further rally for the asset class following the recent Bitcoin halving, which has historically led to market surges. Meme Coins in the Spotlight Meme coins have been cryptos rock stars during...
Zircuit’s TVL Surpasses $2 Billion Ahead of Summer Mainnet Launch
Zircuit’s TVL Surpasses $2 Billion Ahead of Summer Mainnet Launch
Apr 23, 2024
Zircuit, an EVM-compatible ZK Rollup, has reached a milestone as its staking Total Value Locked (TVL) has surpassed $2 billion. This comes after users deposited more than $80 million into the project in the last 24 hours. Although still in the testnet phase, the mainnet launch is anticipated later this summer. Zircuit Staking Deposits Surpass 500,000 ETH Zircuit announced its...
These US Asset Managers Just Bought Bitcoin Through Fidelity’s ETF
These US Asset Managers Just Bought Bitcoin Through Fidelity’s ETF
Apr 23, 2024
More traditional finance firms in the United States are jumping on the crypto bandwagon and giving their clients access to the burgeoning sector. This is seen in the increasing portfolio allocation given to crypto investment products. A tweet by Bloomberg exchange-traded fund (ETF) analyst Eric Balchunas has revealed that two U.S. investment advisors, Legacy Wealth Asset Management and United Capital...
Copyright 2023-2026 - www.financetom.com All Rights Reserved