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El Salvador Starts Implementing Volcanic Bitcoin Mining Plan

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Wed, 09/29/2021 - 06:50
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Alex Dovbnya
Nayib Bukele has announced that El Salvador is now in the early stages of building the ambitious Bitcoin mining projects powered by volcanoes
El Salvador Starts Implementing Volcanic Bitcoin Mining Plan
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El Salvador President Nayib Bukele offered another sneak peek into his country’s volcano-powered Bitcoin project, which is currently in the early stages of development.  

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Bukele’s video initially shows an aerial view of a geothermal energy facility and then cuts to the footage of cargo trucks before mining rigs finally make their appearance.

The government of the tropical nation aims to harness the immense amount of energy produced by its volcanoes in order to mine the largest cryptocurrency.

As reported by U.Today, Bukele shared some mock-ups of the ambitious project on Twitter back in June.

The idea was initially suggested to the Bitcoin-loving president during a Twitter Spaces conversation.

El Salvador adopted the benchmark cryptocurrency as legal tender on Sept. 7.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.