El Salvador President Invites Bitcoin Miners To Utilize Volcano Energy

The President of El Salvador, Nayib Bukele, has invited bitcoin miners to take advantage of new facilities to be set up at a state-owned geothermal, electric company specifically for the industry.

“Our engineers just informed me that they dug a new well, that will provide approximately 95 [megawatts] of 100% clean, 0 emissions geothermal energy from our volcanos,” Bukele shared on Twitter. “Starting to design a full Bitcoin mining hub around it.”

The idea to use El Salvador’s volcanoes as a power source for Bitcoin mining apparently arose in a Twitter Spaces chat room hosted by Coin Metrics cofounder Nic Carter. The chat room held conversations around Bitcoin, mining, and how the largest cryptocurrency has a high penetration in developing countries, as Carter said in an interview.



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