El Salvador Will Use the Energy of Volcanoes to Mine Bitcoin

Bradley Rhodes -

Being the first country in the world to officially recognize Bitcoin as legal tender, El Salvador has already mined 0.00599179 Bitcoin ($269) using the energy it received from a volcano.

One of the country's power plants that uses geothermal sources to generate electricity has equipment connected to it for Bitcoin mining, announced President Nayib Bukele on his Twitter.

In the video, he showed the first mining farm that uses volcanic energy, and there are plenty of volcanoes in El Salvador.

Bukele did not share any other details regarding such an ambitious project. The tweet came a few months after he announced an intention to mine cryptocurrency using geothermal energy.

El Salvador Made Bitcoin a Legal Tender
Since Bitcoin became the official currency of El Salvador along with the US dollar, the government of the country must create all the necessary infrastructure for cryptocurrency settlements within 90 days.
Recorded News — Tech NewsBradley Rhodes

On September 7, Bitcoin was recognized as an official legal tender in El Salvador, making it the first country to grant such status to cryptocurrency. On the same day, the country's authorities bought 550 Bitcoins. Later, the President of El Salvador announced the purchase of another 150 Bitcoins.