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

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

El Salvador President Nayib Bukele gives a sneak-peek into upcoming Volcano-powered Bitcoin mining farms. President Bukele Releases Preview El Salvador’s President, Nayib Bukele, used Twitter to give an early peak at the planned Bitcoin mining setup, which would be powered by volcanoes. Earlier this month, Salvador became the first country in the world to recognize […]

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El Salvador president teases geothermal Bitcoin mining farm

El Salvador’s president showed the supposed first steps of a geothermal Bitcoin mining facility. Salvadoran President Nayib Bukele shared a video showing the apparent progress of the country’s Bitcoin (BTC) mining plant powered by volcanic geothermal energy.The video shows an overview of a power generation facility, with technicians enabling crypto mining rigs.First steps... #Bitcoin— Nayib Bukele (@nayibbukele) September 28, 2021 Bukele did not elaborate much on the process shown on the video, only writing “first steps” with a Bitcoin tag alongside emojis....

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Bukele also envisions an oncoming explosive growth for El Salvador’s two in-house BTC-based initiatives — Bitcoin City and Volcano bonds. On Jan 2, El Salvador President Nayib Bukele shared five bullish predictions on Bitcoin’s (BTC) performance for the year 2022. Last year, El Salvador became the first country to adopt Bitcoin as legal tender under Bukele’s presidency as a countermeasure to the growing inflation in the country. Since legalization, the president acquired 1,370 BTC for the country’s reserve and reinvested its unrealized gains into new infrastructure projects including a....

El Salvador President Invites Bitcoin Miners To Utilize Volcano Energy

Nayib Bukele, the president of El Salvador, invited bitcoin miners to set up at a state-owned geothermal facility powered by a volcano.