El Salvador is planning to use a volcano as a source of energy for Bitcoin mining. It is the first country to legalize Bitcoin, and now it’s moving towards helping the blockchain with emission-free mining.
Carbon emission was one of the major reasons for the recent crash in bitcoins price. To tackle it the country plans to set up a mining hub around the volcano. They will use the geothermal energy released there to use as the source of mining. This will be an energy-efficient and carbon-free mining setup for bitcoin.
According to a tweet from Nayib Bukele, he instructed the president of LaGeoSV, a 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 volcanos. His tweet also stated, ” This is going to evolve fast!.”
In his next tweet, Nayib Bukele said that their engineers have dug up a well, that will provide approximately 95MW of 100% clean, 0 emissions geothermal energy from our volcanos. They are also starting to design a full Bitcoin mining hub around it. A video shoving pure water vapor releasing in the air was also there in the tweet.
El Salvador has already passed a bill to legalise bitcoin and pledged to spend up to $150 million buying its citizens’ unwanted coins. Now it is moving towards green Bitcoin. This makes them a country supporting bitcoin for not just its Store of value but also for its blockchain network.
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