El Salvador uses volcanoes to fuel bitcoin miners: they have already built $ 269 | Technology

El Salvador uses volcanoes to fuel bitcoin miners: they have already built $ 269 |  Technology

Despite the overwhelming opposition from the citizens of El Salvador’s plan, See you here, To implement Bitcoin Like A “Virtual Currency”. The president has not stopped on his mission and continues to explore new ways to prove his decision completely wrong.

According to the information provided CNBCEl Salvador was able to break through 0.00599179 Bitcoin, Or around $ 269 (Approximately 217 thousand Chilean pesos), thanks for this Energy extracted from volcanoes.

El Salvador, Bitcoin mining

Last Tuesday, September 28th, Bukele shared on his official official account Twitter A short footage of 25 seconds As you can see in it Bitcoin Mining Farm, As well as the hardware used by its engineers.

The President of El Salvador shared a description of these footages “The first steps …” Their plans. With just over 2.3 million views, 12.3 thousand retweets and just over 57 likes, the video quickly went viral on social media.

In June, when he first mentioned this new experiment, Buckley said, “I suggested to the president of Lagio (our state geothermal electricity company) to prepare a plan. Very cheap bitcoin mining facilities. 100% clean, 100% renewable, 0 exhaust, and Energy from our volcanoes“.

Bukele also shared a graph showing the achievements they made during these experimental times “We are still testing and installing”. It was officially and officially celebrated “The first bitcoin mine used by the volcano” of energy source.

The mining of these cryptocurrencies usually generates a 30,000 700 tons of waste A High power consumption, According to a shared study. However, the use of volcanic energy means a Renewable energy source.

There was an initial cost to implementing the Bitcoin law in El Salvador $ 203.5 million And in it, 30 million A “Welcome” For citizens. Every citizen registered in the application Billy the Goat, A Bitcoin wallet designed by the El Salvador government will be given as a gift $ 30 in Bitcoin To test its function in the first weeks.

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