El Salvador Volcano For Bitcoin Mining

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The President of El Salvador, Nayib Bukele, has invited bitcoin miners to take advantage of new facilities to be set up at a state-owned geothermal, electric company specifically for the industry.

“Our engineers just informed me that they dug a new well, that will provide approximately 95 [megawatts] of 100% clean, 0 emissions geothermal energy from our volcanos,” Bukele shared on Twitter. “Starting to design a full Bitcoin mining hub around it.”

The idea to use El Salvador’s volcanoes as a power source for Bitcoin mining apparently arose in a Twitter Spaces chat room hosted by Coin Metrics cofounder Nic Carter. The chat room held conversations around Bitcoin, mining, and how the largest cryptocurrency has a high penetration in developing countries, as Carter said in an interview.




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