According to Reuters on the 15th (local time), El Salvador mined Bitcoin using the country's Tecapa volcano, with 300 mining platforms.
The country has allocated 1.5 MW of the 102 megawatts (MW) produced by state-run power plants to cryptocurrency mining.
The country is reportedly moving to use renewable energy amid growing criticism of Bitcoin mining's reliance on electricity and fossil fuels.
The country has emerged as a pioneer in mining using geothermal energy. After designating Bitcoin as legal tender for the first time in history in 2021, the country has established geothermal power plants for Bitcoin mining.
The country has introduced several Bitcoin central policies since 2013. Currently, the country holds 5,750 BTC, worth approximately $354 million.
2024/05/16 19:17 KST
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