· El Salvador's volcanopowered Bitcoin mining project produces its first currency The Volcanode has mined about 285 worth of BTC By Cohen Coberly October 4, 2021, 11:31 8 comments
· How a Grassroots Campaign Defeated a Big Mining Company in El Salvador. by Charlotte Dennett. Miguel Rivera in front of antimining mural in his town in northern El Salvador / credit: John ...
· El Salvador has a volcano that is far away from any inhabited area. Using the geothermal energy from the volcano and sending it to the cities will be very inefficient. This is why it is instead being used for mining Bitcoin. It is an excellent move as the energy is not getting wasted as well as El Salvador is able to make money from it.
· El Salvador has started mining bitcoin, harnessing energy from a volcano, the country's president has announced. President Nayib Bukele posted a series of statements as well as video on Twitter showing employees at a geothermal power plant mining cryptocurrency.
· On September 30, a month after the contested rollout of El Salvador's Bitcoin Law, Nayib Bukele's government began exploiting volcanic geothermal energy to "mine" Bitcoin. In the morning of October 1, Bukele tweeted that El Salvador had just mined its first bitcoin, but really it .
· El Salvador is now using energy from nearby volcanoes to mine bitcoin.. El Salvador Is Putting Local Volcanoes to Good Use. President Nayib Bukele announced late .
· As per El Salvador's legislation, every economic agent must accept Bitcoin as payment when provided to him by whoever acquires an item or service. The aim behind the decision of the government is to boost the financial inclusion, investment, tourism, innova tion, and economic development of the country. A day before announcing this decision ...
· El Salvador explores bitcoin mining powered by volcanoes. Cheap power and a supportive government are the two critical factors for attracting bitcoin mining operations. The La Geo Geothermal Power Plant operates in Berlin municipality, Usulután Department, El Salvador, Friday, Oct. 15, 2021. (AP Photo/Salvador Melendez)
· El Salvador has made history after becoming the first country in the world to ban metal mining. Lawmakers in the waterparched country passed the ban in a unanimous vote on Wednesday, declaring El ...
BERLIN, El Salvador (AP) — At a geothermal power plant near El Salvador's Tecapa volcano, 300 computers whir inside a trailer as they make complex mathematical calculations day and night verifying transactions for the cryptocurrency pilot project has inspired a rash of volcano emojis from President Nayib Bukele, who made bitcoin legal tender in September, and promises of cheap ...
· · El Salvador joins a growing number of countries using geothermal power to mine for cryptocurrency, including Bitcoin. It's less surreal than it sounds. It might sound like the solution to a game of Clue, but rest assured that the following describes a very real phenomenon: El Salvador mining Bitcoin using volcanoes.
· Danger into Profit: El Salvador is Going to Use a Volcano for Bitcoin Mining. Volcanoes are known for their astrophic destructive potential. The citizens of Pompei knew this full well. However, with the advancement of mankind, even this mighty force of nature does not seem so scary anymore. Some crazies have found a way to harness it for profit.
· Since September 7, El Salvador has been using Bitcoin as an official currency on a par with the US dollar. In an industry that still relies heavily on polluting coalfired power plants, the ...
· El Salvador is successfully mining bitcoin from volcanic energy. It's not the first country to do so, but it is the first country to make bitcoin legal tender, and that's why this is .
· El Salvador has mined bitcoin, or ~269, using power from a volcano, according to a tweet from El Salvador President Nayib Bukele.
· Nayib Bukele – president of El Salvador – recently took to Twitter with some mining numbers. It appears that the country's developing volcanic mining facility has produced its first Bitcoin. Volcanic Bitcoin. As revealed by Bukele earlier today, the gains produced by the volcano are still small.
· The La Geo Geothermal Power Plant operates in Berlin municipality, Usulutan department, El Salvador, Friday, Oct. 15, 2021. The government announced that .
· Outlaw of Bitcoin Mining. El Salvador's adoption of bitcoin might lead to many activities, one of which is the surge in mining. Bukele has said he'd use volcanic energy to mine bitcoin and ordered a stateowned company to begin the process. There are roughly 2 million bitcoins left to mine, and it gets more difficult after each coin.
Not really a new thing, we have server farms mining crypto in Iceland that run on geothermal power. It's only a matter of time before they shut down the Earth's core or build a Matryoshka Brain to mine crypto. Yeah, but doing it in El Salvador gives serious bond villain vibes. Therefore it's better.
· Territory Free Of Mining' reads a detail of a mural in Nueva Trinidad, in northern El Salvador. (Photo: Sandra Cuffe) El Salvador is now the first country in the world with an allout ban on the mining of gold, silver, and other metals. The country's legislative assembly passed a bill to that effect last week, on March 29.
Salvador Mine (Damiana mine), El Salvador mining district, Diego de Almagro, Chañaral Province, Atacama, Chile : One of the mines worked for Cu within the El Salvador district. Ref.: Maurizio Dini
· El Salvador joins a growing number of countries using geothermal power to mine for cryptocurrency, including Bitcoin. It's less surreal than it sounds. It might sound like the solution to a game of Clue, but rest assured that the following describes a very real phenomenon: El Salvador mining Bitcoin using volcanoes.
· El Salvador has officially begun to mine Bitcoin using the power harnessed from a volcano — and has made bitcoin, or about 269.
· El Salvador's President, Nayib Bukele, had hinted at mining Bitcoin with the country's volcanoes serving as an energy source. On Tuesday, the president announced via a tweet that the program has commenced. President Nayib also shared a video showing one of the volcano wells, some cargo trucks and mining rigs. Based on his previous statements, .
· El Salvador sees greener cryptocurrency mining in its future. A general view shows the Berlin geothermal plant of La Geo Electrical Company, where the Salvadoran government installed a .