El Salvador's President Nayib Buquele said on his Twitter page that the country has started a cryptocurrency mining process that uses the energy of an active volcano. As a result, the country has already "mined" 0.00599179 bitcoins, or $269. El Salvador's solution is an example of how to combine "business with pleasure": making money using virtually inexhaustible reserves of "green" renewable geothermal energy. Mining is known to be fantastically energy intensive.
The popularity of cryptocurrency around the world has been growing, with El Salvador, the smallest country in Central America, becoming one of the first in the world to use the digital currency as legal tender.
Buquelet has thus fulfilled his June pledge to enable bitcoin mining, even with very limited state budget resources, for which the administration has already received a lot of positive feedback from the local media. For its part, the president's critics see the project as a means of distracting attention from the state's truly urgent problems.
You must be logged in to post a comment.