{"id":50368,"date":"2021-09-29T12:39:11","date_gmt":"2021-09-29T09:39:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50368"},"modified":"2025-09-02T17:40:01","modified_gmt":"2025-09-02T14:40:01","slug":"el-salvador-shows-bitcoin-mining-preparations-powered-by-volcanic-energy","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/el-salvador-shows-bitcoin-mining-preparations-powered-by-volcanic-energy\/","title":{"rendered":"El Salvador shows Bitcoin mining preparations powered by volcanic energy"},"content":{"rendered":"<p>President of El Salvador Nayib Bukele posted a video showing preparations for Bitcoin mining at one of the geothermal energy facilities.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">First steps\u2026<\/p>\n<p>\ud83c\udf0b<a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>\ud83c\uddf8\ud83c\uddfb <a href=\"https:\/\/t.co\/duhHvmEnym\">pic.twitter.com\/duhHvmEnym<\/a><\/p>\n<p>\u2014 Nayib Bukele \ud83c\uddf8\ud83c\uddfb (@nayibbukele) <a href=\"https:\/\/twitter.com\/nayibbukele\/status\/1442949756993490945?ref_src=twsrc%5Etfw\">September 28, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The footage shows containers bearing the government logo arriving at the site and ASIC miners being connected to the grid.<\/p>\n<p>Bukele added a volcano emoji to the Bitcoin hashtag in the tweet.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cFirst steps,\u201d wrote the head of state.<\/p>\n<\/blockquote>\n<p>In another post, he punned on the words \u201cvolcano\u201d and \u201cnode\u201d.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"pt\" dir=\"ltr\">Volcanode<\/p>\n<p>\u2014 Nayib Bukele \ud83c\uddf8\ud83c\uddfb (@nayibbukele) <a href=\"https:\/\/twitter.com\/nayibbukele\/status\/1442953678525067265?ref_src=twsrc%5Etfw\">September 28, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On 10 June 2021, the day after Parliament approved a bill recognising the first cryptocurrency as an official means of payment, Bukele <a href=\"https:\/\/u1f987.com\/en\/news\/el-salvadors-president-proposes-bitcoin-mining-powered-by-volcanic-energy\">proposed to organise mining<\/a> on volcanic energy.<\/p>\n<p>He noted that this concerns a new geothermal well with a capacity of 95 MW drilled by the state energy company LaGeo.<\/p>\n<p>On 7 September the law legalising Bitcoin <a href=\"https:\/\/u1f987.com\/en\/news\/el-salvador-legalises-bitcoin-as-government-buys-550-btc\">came into force<\/a>. To facilitate exchange of cryptocurrency and fiat the government <a href=\"https:\/\/u1f987.com\/en\/news\/el-salvadors-parliament-approves-150-million-bitcoin-fund\">established a $150 million fund<\/a> and bought 550 BTC. Later, authorities <a href=\"https:\/\/u1f987.com\/en\/news\/el-salvadors-government-buys-150-more-btc\">bought an additional 150 BTC<\/a> on a price dip.<\/p>\n<p>The population of the country <a href=\"https:\/\/u1f987.com\/en\/news\/protests-erupt-in-el-salvador-over-bitcoin-legalization\">has not uniformly welcomed<\/a> the cryptocurrency legalization, <a href=\"https:\/\/u1f987.com\/en\/news\/experts-weigh-bitcoins-impact-on-el-salvadors-economy-it-cannot-get-worse\">experts<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/imf-sees-risks-in-salvadoran-bitcoin-payments-legalisation\">international financial institutions<\/a> differed <a href=\"https:\/\/u1f987.com\/en\/news\/cabei-to-back-el-salvadors-bitcoin-push\">in assessing the consequences<\/a> of this step.<\/p>\n<p>Less than three weeks after Bitcoin was recognised as an official means of payment, Bukele said that <a href=\"https:\/\/u1f987.com\/en\/news\/el-salvadors-president-says-about-a-third-of-the-population-uses-the-chivo-bitcoin-wallet\">a third of the country\u2019s population actively uses the Chivo crypto wallet<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President of El Salvador Nayib Bukele posted a video showing preparations for Bitcoin mining at one of the geothermal energy facilities.<\/p>\n","protected":false},"author":1,"featured_media":50369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1278],"class_list":["post-50368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-el-salvador"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=50368"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50368\/revisions"}],"predecessor-version":[{"id":50370,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50368\/revisions\/50370"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/50369"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=50368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=50368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=50368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}