Is bitcoin mining by volcanic energy happening in El Salvador?
El Salvador President Najib Abu Quilla announced on Twitter that he had instructed LaGeo, the state-owned heating company, to come up with a plan to extract bitcoins using volcanic energy.
The idea was suggested to Najib Abu Kiley today in a live audio conversation on Twitter.
There are about 20 active volcanoes in the country. The Chaparrastique volcano has erupted 25 times in the last 500 years.
El Salvador's geothermal energy is completely clean and renewable.
In the early hours of Wednesday, a majority of lawmakers voted in favor of President Nayib Bukele's plan to use bitcoin in Latin America. Also in this country, from now on, anyone who invests 3 bitcoins in the El Salvadorian economy can obtain permanent residence.
In addition, El Salvador holds approximately $ 150 million in bitcoin in its trust fund.