President Bukele Teases Preview of El Salvador's Volcano-Powered Bitcoin Mining

El Salvador President Nayib Bukele previews rising volcano-backed Bitcoin mining companies. President Bukele Releases Preview El Salvador's President Nayib Bukele used Twitter to get an early look at the planned Bitcoin mining operation, which will be powered by volcanoes. Earlier this month, Salvador became the first country in the world to recognize Bitcoin as legal currency. The country's congress passed the Bitcoin bill with an overwhelming yes vote. The president also announced their goal of turning the small island states into a hotspot for environmentally friendly Bitcoin mining. President Nayib spoke on Election Day in a Twitter space where he interacted with more than 23,000 crypto enthusiasts from around the world. During their talk, Bukele was asked about the country's plans to promote eco-friendly Bitcoin mining, which he said could harness geothermal energy from the volcano. Clean, volcano-backed hashrate coming soon… #Bitcoin🇸🇻🌋♻️ Sneak peek pic.twitter.com/u7ocqkKTN0 — Nayib Bukele 🇸🇻 (@nayibbukele) June 23, 2021 Bukele started building clean bitcoin – a week later Bitcoin mining became legal tender and instructed the director of the state's geothermal utility company to make way for Bitcoin mining. “Our engineers have just informed me that they are digging a new well that will deliver approximately 95 MW of 100% clean, zero-emission geothermal energy from our volcanoes. Start designing a Bitcoin mining center around it.” Our engineers have just informed me that they are digging a new well that will deliver approximately 95 MW of 100% clean, zero-emission geothermal energy from our volcanoes. Start designing a #Bitcoin mining hub around it. What you see coming out of the well is pure water vapor pic.twitter.com/SVph4BEW1L — Nayib Bukele 🇸🇻 (@nayibbukele) June 9, 2021 BTC/USD skyrocketed after dropping to $28,000. Source: TradingView Related Article | Domino effect: which country?

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