Bybit Seeks Volcanologist After El Salvador Volcano Bitcoin Mining Project

Crypto exchange Bybit has announced that it has hired a volcanologist to investigate how volcanic energy can be used to mine Bitcoin. Bybit made the announcement shortly after El Salvador's president, Nayib Bukele, said on Wednesday that the country wanted to use renewable energy from its volcanoes to mine Bitcoin. The president of El Salvador sent shock waves into the crypto world last weekend when he announced that he wanted to make Bitcoin legal tender in the small Central American country. Now the president is probably exploring all options for Bitcoin mining. Our engineers reported that they have dug a new well from our volcanoes that will deliver approximately 95 MW of 100% clean, 0-emission geothermal energy. What you see coming out of the well is pure water vapor » — Nayib Bukele 🇸ðŸ (@» (@nayibbukele) June 9, 2021 Bybit, one of the largest crypto derivatives exchanges, said that "studying the processes of volcanic eruptions" and is a geologist "to study how volcanic energy can be used to mine Bitcoin" We are looking for a volcanologist and R&D in the field of Igneous Processes to join our team 🌋ðŸŒðŸŒ‹ #BTC — Bybit (@Bybit_Official) The application was posted on Twitter on Thursday, June 10, 2021, and President Bukele's volcano announcement was retweeted. It is unclear whether Bybit will work closely with El Salvador on the investigation. President Bukele said, "The country's engineers, about 95 MW % of our volcanoes. They just informed me that they are digging a new well that will provide 100 clean, zero-emission geothermal energy.” The president said that geothermal power company LaGeo will develop its Bitcoin mining strategy. e added. The president of El Salvador said in a pre-recorded video at the Bitcoin 2021 conference in Miami last Saturday that he would send a bill to the country's congress.

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