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

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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.

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Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Ammara authored more than 1,000 stories for TheCryptoBasic, CryptoComes and other fintech media outlets. She is particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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