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El Salvador May Use Volcanic Energy To Mine Bitcoin

Mary Liu

Summary: El Salvador’s President Nayib Bukele announced on Twitter that he has instructed LaGeo, the local state-owned geothermal power company, to develop a plan to mine Bitcoin by volcanic energy.  The President stated that mining will be extremely low-cost, 100% clean, 100% renewable, and zero-emission energy from volcanoes.  Earlier today, El Salvador voted to make Bitcoin the ...

El Salvador’s President Nayib Bukele announced on Twitter that he has instructed LaGeo, the local state-owned geothermal power company, to develop a plan to mine Bitcoin by volcanic energy. 

The President stated that mining will be extremely low-cost, 100% clean, 100% renewable, and zero-emission energy from volcanoes. 

Earlier today, El Salvador voted to make Bitcoin the country’s legal tender.

By Mary Liu

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