El Salvador to Use Lava for Crypto Mining, Aims for Clean Crypto

The president of El Salvador has unveiled his national master plan: the country will usher in a new financial system based on bitcoin, utilizing miners who harness clean, limitless volcanic energy.

Bitcoin’s Volcano Lair

In London, the premiere of Daniel Craig’s final James Bond film, ‘No Time to Die’, has been met with a wave of favorable reviews from critics. Meanwhile, in El Salvador, President Nayib Bukele has revealed that his country has taken its ‘first steps’ towards mining bitcoin with clean energy harnessed from super hot subterranean lava flows.

new video shared by the self-proclaimed ‘coolest dictator in the world’ shows that bitcoin miners are now being installed in remote volcano bases – geothermal power plants which lie deep in the heart of the Salvadoran jungle. The progress makes good on an earlier promise from the populist leader.

“I’ve just instructed the president of @LaGeoSV (our state-owned geothermal electric company), to put up a plan to offer facilities for #Bitcoin mining with very cheap, 100% clean, 100% renewable, 0 emissions energy from our volcanos,” tweeted Bukele in June.

While El Salvador has always had access to cheap, limitless, renewable energy, the remoteness of those energy sources has made utilizing it practically impossible. Thanks to bitcoin, that paradigm is changing.

One of El Salvador’s geo-thermal power plants | Source

The Future

El Salvador and its leader now hope to usher in a new financial era, with a little help from volcanic energy. It might sound like a plot ripped from the pages of an Ian Fleming novel, but it’s no tale of villainy. Instead, it could be the start of a brighter financial future for the country and the people of El Salvador.

Source : bsc.news

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