But it turns out that the Central American country isn’t done yet with its bitcoin “ambitions.”
Recently, President Nayib Bukele announced that he is planning to tap El Salvador’s volcanoes as a source of clean energy to power the country’s upcoming bitcoin mining ventures.
It is certain that the president has no plans of slowing down with the country’s large-scale bitcoin initiatives.
In fact, not long after tweeting that he has instructed a state-owned company to make a plan on how to tap the volcanoes’ power, he followed it with another tweet:
“Our engineers just informed me that they dug a new well that will provide approximately 95MW of 100% clean, zero emissions geothermal energy from our volcanoes.”
El Salvador’s decision to make a huge initiative to find clean energy for bitcoin mining was very timely since environmentalists are criticizing the mining operations’ impact on the environment.
Now that a plan is created and feasibility approved, the country is all set to use its geothermal plants to harness the intense heat coming from their volcanoes. The heat energy will then be converted to electricity that would power its upcoming bitcoin mining farms.
Indeed, the country’s efforts to push bitcoin forward are innovative, and there’s no doubt that El Salvador will be a model nation for others to follow.
As President Nayib Bukele said in one of his tweets: “This is going to evolve fast!”
Image courtesy of Cointelegraph News/YouTube
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