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President Nayib Bukele Shares First Results Of El Salvador Mining Bitcoin With Volcanoes

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Mark Brennan
Author: Mark Brennan
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According to its President Nayib Bukele, El Salvador has officially started using volcanoes for bitcoin mining.



According to Nayib Bukele So far, 0.0059 BTC worth $ 260 has been mined.

 

“We’re still testing and installing, but this is officially the first bitcoin mining from a volcano,” Bukele tweeted, providing a breakdown of the mining rewards for now.

 

Bitcoin is mined using geothermal energy generated by volcanoes in the region. The country is highly dependent on geothermal energy and is one of the largest producers of it in the world.

This came after Bukele tweeted a video on September 28 showing the delivery and installation of mining rigs at a facility in El Salvador. In the video, you can see ASIC miners are being installed and connected.

Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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