Today news
About the same in other media
11.11 - 13:03
Volcanic energy is creating Bitcoin in El Salvador
Reading now: 724
euronews.comDespite being a small country, Salvador is home to 30 volcanoes, among which 20 are potentially active.
Geothermal energy generated by these volcanoes is a rich source, which is now used to mine Bitcoin.
Bitcoin has been an official cryptocurrency in the Latin American country since September.
The city of Berlin, 112 kilometres south of the capital city San Salvador, has a geothermal plant that was built in 1999. The plant is composed of 16 2,000 to 3,000 deep shafts from which steam circulates and makes three turbines function.
The energy generated by those turbines can reach up to 107 megawatts, but only five are used for the operation and mining of Bitcoin. The rest of the energy is used for the country’s grid.
Thanks to this energy source,
Read more on euronews.comAbout this in other media
Bitcoin Creates a new ATH of $69K blockchain.news /3 years ago
Bitcoin miners look toward nuclear power for sustainable energy cointelegraph.com /3 years ago
Zimbabwe studying CBDC, ‘as opposed to crypto, Bitcoin, any form of derivatives’ ambcrypto.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
