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Officially, El Salvador starts mining Bitcoin (BTC) using geothermal power from volcanoes.
Additionally, Salvadoran President Nayib Bukele shows a video thriller of the new mining facility to his 2.9 million.
More so, Bukele goes on to share screenshot from a wallet that the country uses to collect the BTC. As at Bukele’s post, 0.00599179 BTC, worth $286 is successful mined with energy from volcanoes.
“We’re still testing and installing,…”
“…but this is officially the first Bitcoin mining from the volcanode”
Notably, Bukele says that the state-owned geothermal electric energy LaGeoSV will create a Bitcoin mining facility. Of course, with a “very cheap, 100% clean, 100% renewable, 0 emission energy” from the country’s volcanoes.
Despite criticism and protests, The Central American nation becomes the first country in the world to adopt Bitcoin as legal tender. Its also known as the land of volcanoes. Also, its the first to start mining bitcoin with ones Geothermal Energy.
Lastly, Unidad De Transacciones, the country’s power market administrator reports that about 25% of El Salvador’s current power is from geothermal energy.
Conclusively, Bitcoin is sitting at $48,061 trading levels as of writing, representing a 14% increase. More so, recovering from its seven-day low of $41,002, according to CoinGecko.
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