El Salvador Officially Starts Mining Bitcoin Using Power From an Actual Volcano

The country has so far made approximately $269, or 0.00599179 Bitcoin.
Volcano Mining

According to President Nayib Bukuele's tweet, El Salvador has begun to mine Bitcoin using power from an honest to god volcano. The volcanode has already produced 0.00599179 bitcoin or approximately $269.

Although we are still installing and testing, this is the first Bitcoin mining operation from the volcanode.

It makes sense to use green geothermal energy for Bitcoin mining, even though it is very power-intensive.

El Salvador is also following the trend. In June, the small Central American country became the first to make the digital currency legal tender.



The president shared a video that shows the volcano-powered mining operation at work. The industrial plant was built in the middle a lush forest. In the background, you can see Santa Ana volcano.

Clean and Cheap

In June, Bukele announced on Twitter that he would put forward a plan to provide #Bitcoin mining facilities with extremely cheap, clean, renewable energy from our volcanoes.

Bukele appears to have kept his promise several months later, even though the country's earnings are still very low.



It wouldn't also be the first of its kind anywhere in the world.

Its just geothermal energy, Bitcoin miner Alejandro de la Torre told CNBC. It has been done by Iceland since the beginning of bitcoin mining.

Although the project has received a lot positive press for Bukeles' administration, many of his critics claim it is distracting from more pressing issues. Bukele made many major moves to consolidate power and earned the nickname "The dictator of El Salvador".

READ MORE: El Salvador just began mining Bitcoin using energy from volcanoes [CNBC]



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