Bitcoin geothermal mining officially kicks off

Time:2021-12-27 Source: 946 views Trending Copy share

The implementation of the Bitcoin law in El Salvador is about to reach its full moon. The President of El Salvador, Nayib Bukele, is not idle. He posted a video on his tweet stating that the country is taking the first step towards the development of volcanic energy for Bitcoin mining.

This video uploaded by Nayib Bukele can clearly see the state-owned geothermal power generation company LaGeo is working to power the mining machines. In the short film, workers are connecting mining equipment to a huge black container with the government of El Salvador printed on it.

In June, after the Salvadoran Congress approved the bill to make Bitcoin legal tender, Nayib Bukele stated that he had instructed LaGeo to allow Bitcoin miners to use volcanic geothermal resources.

He wrote at the time: I just instructed the president of @LaGeoSV (our state-owned geothermal power generation company) to develop a plan to provide very cheap, 100% clean, 100% renewable, and zero-emission energy from volcanoes for Bitcoin mining.

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