El Salvador's Volcano-Powered Bitcoin Mining Nets $29 Million in Three Years

IconCNT15 May, 2024

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El Salvador's Volcano-Powered Bitcoin Mining Nets $29 Million in Three Years

El Salvador's groundbreaking Bitcoin mining operation, powered by the geothermal energy of the Tecapa volcano, has yielded a substantial $29 million worth of BTC over the past three years. This remarkable achievement positions El Salvador as a pioneer in the intersection of renewable energy and cryptocurrency. The country's dedication to harnessing its volcanic resources is a testament to its innovative spirit and forward-thinking approach to economic development. Of El Salvador's 102 megawatts of energy production, a dedicated 1.5 megawatts are allocated to cryptocurrency mining. This strategic allocation reflects the government's belief in the potential of digital assets and its commitment to fostering a thriving crypto ecosystem within the country.

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