El Salvador made headlines by becoming the first country in the world to make Bitcoin legal tender.
But it turns out that the Central American country is not finished with its Bitcoin “ambitions”.
Recently, President Nayib Bukele announced that he plans to tap El Salvador’s volcanoes as a source of clean energy to power the country’s upcoming Bitcoin mining companies.
Help of nature Nature
It is certain that the president has no plans to slow down the country’s large-scale Bitcoin initiatives.
Shortly after he tweeted that he directed a state-owned company to come up with a plan to unlock the power of the volcanoes, he followed him with another tweet:
“Our engineers just told me that they have dug a new well that will provide approximately 95 MW of 100% clean, zero-emission geothermal energy from our volcanoes.”
Finally some real clean energy for Bitcoin companies
El Salvador’s decision to take a major initiative to find clean energy for Bitcoin mining came very timely as environmentalists criticize the environmental impact of mining.
Now that a plan has been drawn up and feasibility approved, the country is ready to use its geothermal facilities to take advantage of the intense heat from its volcanoes. The thermal energy is then converted into electricity that would power the future bitcoin mining farms.
Indeed, the country’s efforts to advance Bitcoin are innovative, and there is no doubt that El Salvador will be a model nation that others will follow.
As President Nayib Bukele said in one of his tweets: “That will develop quickly!”
Image courtesy of Cointelegraph News / YouTube
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