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 >
Here’s Why The ‘Very Negative Crowd Sentiment’ for XRP and SHIB Could Be Bullish
Here’s Why The ‘Very Negative Crowd Sentiment’ for XRP and SHIB Could Be Bullish
Oct 24, 2024
TL;DR The negative sentiment around XRP and SHIB might actually signal a good buying opportunity, as markets sometimes tend to defy crowd expectations. The meme coin shows potential for a rally due to positive factors like Shibariums growth and reduced selling pressure. XRP and SHIB Flash the Buy Signal? The cryptocurrency market witnessed a significant correction yesterday, with Bitcoin (BTC)...
Bitcoin Poised for Short
Bitcoin Poised for Short
Oct 24, 2024
Bitcoin is yet to climb above the much-anticipated $70,000 despite several notable upside moves. However, data points to BTCs short-term uptrend potential, based on the Coinbase Premium Index. In such a scenario, the crypto asset could see a possible price rally. Bitcoins Price Rally Soon? By examining the Coinbase Premium Index on a 1-hour time frame, CryptoQuant analyst Yonsei_dent observed...
Top Recent Ripple Price Predictions: Epic Surge or Severe Correction in XRP’s Future?
Top Recent Ripple Price Predictions: Epic Surge or Severe Correction in XRP’s Future?
Oct 24, 2024
TL;DR One analyst believes XRP could flip ETH driven by potential factors like a favorable Ripple v. SEC outcome and an ETF approval. Others, though, expect a possible 12% pullback. XRP to Flip ETH? Ripples XRP is among the very few leading cryptocurrencies whose prices are down year-to-date (YTD). Currently, it trades at around $0.52, representing a 15% decline compared...
Crypto Exchange Kraken to Launch Its Own Blockchain Next Year: Report
Crypto Exchange Kraken to Launch Its Own Blockchain Next Year: Report
Oct 24, 2024
Following over a decade of operating as one of the largest digital asset trading platforms, the United States-based crypto exchange Kraken has decided to launch its own blockchain. A Bloomberg report disclosed that Kraken’s network would likely go live in early 2025. The new blockchain, dubbed Ink, would be designed primarily for decentralized applications enabling users to trade, lend, and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved