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El Salvador Mines First Bitcoin With Volcanic Energy
Almost 22% of the country’s power market is geothermal.
El Salvador has officially mined the first bitcoin using volcanic energy, its president revealed.
- President Nayib Bukele shared a screenshot of a mined bitcoin on Twitter, calling it “officially the first bitcoin mining the volcanode.”
- The news follows the Salvadoran president’s announcement earlier this week that the country was taking its “first steps” toward harnessing volcanic energy for bitcoin mining.
- Following the approval by El Salvador’s congress for the adoption of bitcoin as legal tender in June, Bukele said he had instructed state-owned geothermal electric company LaGeo to allow bitcoin miners to tap the country’s volcanic resources.
- With 20 “potentially active” volcanoes according to VolcanoDiscovery.com, which account for almost 22% of the country’s energy supply, El Salvador’s harnessing of geothermal energy could provide an answer to the hunt for a reliable clean energy source to power bitcoin mining.
We’re still testing and installing, but this is officially the first #Bitcoin mining from the #volcanode 🌋
— Nayib Bukele (@nayibbukele) October 1, 2021
STORY CONTINUES BELOW
Read more: Why El Salvador Is Botching Its Bitcoin Experiment
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
