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El Salvador president teases geothermal Bitcoin mining farm

Salvadoran President Nayib Bukele shared a video displaying the obvious development of the country’s Bitcoin (BTC) mining plant powered via way of means of volcanic geothermal electricity.

The video suggests a top level view of a energy technology facility, with technicians allowing crypto mining rigs.

Bukele did now no longer tricky plenty at the method proven at the video, handiest writing “first steps” with a Bitcoin tag along emojis depicting a volcano and El Salvador’s country wide flag. The president’s workplace did now no longer without delay reply to Cointelegraph’s request for comment.

The submit comes months after Bukele introduced plans to construct a geothermal Bitcoin mining facility. The president stated in June that he could be teaching state-owned electric organization LaGeo to manipulate a Bitcoin mining plant powered with “very cheap, 100% clean, 100% renewable, zero emissions electricity.”

El Salvador formally usual Bitcoin as prison soft on Sept. 7 to paintings along United States dollars, simply 3 months after the nation’s Legislative Assembly exceeded the “Bitcoin Law.”

Related: Bitcoin’s energy intake this 12 months has already passed all of 2020’s

The modern flow via way of means of the Salvadoran authorities reaffirms the large capability for Bitcoin proponents to reduce BTC’s carbon footprint, the usage of a extensive wide variety of renewable electricity sources, which includes hydroelectric, sun and wind energy.

According to Tesla CEO Elon Musk, Bitcoin already hit its benchmark on renewable electricity in July, suggesting that the proportion of renewable electricity utilization was “probable at or above 50%.”