Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy BNB
BNB (BNB)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (POL)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)

During the last three years, El Salvador mined 473.5 BTC using geothermal energy

Mining: During the last three years, El Salvador mined 473.5 BTC using geothermal energy

Since 2021, El Salvador has mined 473.5 BTC (equivalent to $29.3 million) through the use of geothermal energy. Such information was released by Reuters, referring to the state structure Bitcoin Office.

El Salvador's President Nayib Bukele first revealed the potential of using volcanic energy for mining in June 2021. The country's leader put LaGeo in charge of the initiative.

Subsequently, a total of 300 #mining rigs were deployed at the site located near the Tekapa volcano. At the time, Bukele expressed his satisfaction, calling it a "perfect" solution to the #ecological problems associated with traditional mining centers.

It is worth noting that some conservationists have spoken out against the endeavor. They emphasized that this approach to power generation is more costly than traditional methods and requires significant water resources, which is a problem El Salvador is facing.

Nevertheless, as reported by Reuters, the project has been a success. Over the course of three years, the installation near the Tecapa volcano generated 473.5 BTC, which is $29.3 million at the weaving exchange rate.

In total, the facility generates 102 MW of electricity, while mining consumes 1.5 MW.

Recall that earlier #Bitcoin Office unveiled a platform that allows individuals to track the amount of bitcoins in the country's possession. As of May 15, 2024, according to this platform, El Salvador owns 5,750.76 BTC, which is almost $356 million at the current exchange rate.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Make crypto bots for trading
Press Releases: MEXC Q3 2025 Report Highlights Market Leadership Across New Listings, Security, and Ecosystem Growth
Global cryptocurrency exchange MEXC has published its Q3 2025 Ecosystem & Growth Report, highlighting sustained expansion in listings, user activity, product innovation, security, and..
Artificial Intelligence (AI): DeepSeek dominates AI crypto trading competition
The Chinese AI system DeepSeek showed impressive results in an experimental crypto trading competition, where several models traded with the same capital of $10,000..
Press Releases: MEXC Launches USDT & USDC Staking Gala: Earn 15% APR With Flexible Redemption and Up to 2,926 USDT
MEXC, a leading global cryptocurrency exchange, has officially launched the USDT & USDC Staking Gala, offering users the opportunity to earn up to 15% APR through a flexible redemption..
Press Releases: MEXC Launches ENA Extravaganza with $1 Million Prize Pool, Zero-Fee Trading and Up to 600% APR Staking
MEXC, a leading global cryptocurrency exchange, announced the launch of the ENA Extravaganza in collaboration with Ethena, offering new and existing users a $1 million prize pool alongside..
⁝⁝⁝

Trending news

  • Artificial Intelligence (AI)
  • Altcoins
  • Bitcoin
  • DeFi
  • Ethereum
  • show more