{"id":50498,"date":"2021-10-01T13:53:42","date_gmt":"2021-10-01T10:53:42","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50498"},"modified":"2025-09-02T18:22:25","modified_gmt":"2025-09-02T15:22:25","slug":"el-salvador-begins-bitcoin-mining-on-volcano-powered-energy","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/el-salvador-begins-bitcoin-mining-on-volcano-powered-energy\/","title":{"rendered":"El Salvador begins Bitcoin mining on volcano-powered energy."},"content":{"rendered":"<p>El Salvador has begun mining the first cryptocurrency using geothermal energy from volcanoes. President Nayib Bukele announced this on Twitter.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re still testing and installing, but this is officially the first <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> mining from the <a href=\"https:\/\/twitter.com\/hashtag\/volcanode?src=hash&#038;ref_src=twsrc%5Etfw\">#volcanode<\/a> \ud83c\udf0b<\/p>\n<p>\u2014 Nayib Bukele \ud83c\uddf8\ud83c\uddfb (@nayibbukele) <a href=\"https:\/\/twitter.com\/nayibbukele\/status\/1443832539496525852?ref_src=twsrc%5Etfw\">October 1, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00ab\u041c\u044b \u0432\u0441\u0435 \u0435\u0449\u0435 \u0442\u0435\u0441\u0442\u0438\u0440\u0443\u0435\u043c \u0438 \u0443\u0441\u0442\u0430\u043d\u0430\u0432\u043b\u0438\u0432\u0430\u0435\u043c [\u043e\u0431\u043e\u0440\u0443\u0434\u043e\u0432\u0430\u043d\u0438\u0435], \u043d\u043e \u044d\u0442\u043e \u043e\u0444\u0438\u0446\u0438\u0430\u043b\u044c\u043d\u043e \u043f\u0435\u0440\u0432\u0430\u044f \u0434\u043e\u0431\u044b\u0447\u0430 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u0438\u0437 \u0432\u0443\u043b\u043a\u0430\u043d\u0430\u00bb, \u2014 \u043d\u0430\u043f\u0438\u0441\u0430\u043b \u043e\u043d.<\/p>\n<\/blockquote>\n<p>According to the posted payout results, 0.0059 BTC was mined (about $265.50 at the exchange rate at the time of writing).<\/p>\n<p>One user noted that most pools report on a three-hour basis, and left an ironic comment under the figures:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cNot bad for home mining\u201d<\/p>\n<\/blockquote>\n<p>They were reminded that this is a test.<\/p>\n<p>29 September, the head of state posted a video that <a href=\"https:\/\/u1f987.com\/en\/news\/el-salvador-shows-bitcoin-mining-preparations-powered-by-volcanic-energy\">demonstrated the arrival and deployment of ASIC miners<\/a> at one of the facilities of the state-owned energy company LaGeo.<\/p>\n<p>Bukele <a href=\"https:\/\/u1f987.com\/en\/news\/el-salvadors-president-proposes-bitcoin-mining-powered-by-volcanic-energy\">proposed to organise mining<\/a> on the environmentally clean geothermal energy of the country\u2019s volcanoes on June 10 \u2014 the day after Parliament passed <a href=\"https:\/\/u1f987.com\/en\/news\/el-salvador-passes-bill-recognizing-bitcoin-as-legal-tender\">the bill recognizing Bitcoin as an official means of payment<\/a>.<\/p>\n<p>Law <a href=\"https:\/\/u1f987.com\/en\/news\/el-salvador-legalises-bitcoin-as-government-buys-550-btc\">took effect on September 7<\/a>.<\/p>\n<p>On September 27, the president said that the state crypto wallet Chivo <a href=\"https:\/\/u1f987.com\/en\/news\/el-salvadors-president-says-about-a-third-of-the-population-uses-the-chivo-bitcoin-wallet\">is actively used<\/a> by 2.1 million residents of the country. In a tweet on October 1, he said that this figure had reached 2.73 million.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">2.73 million people already using <a href=\"https:\/\/twitter.com\/chivowallet?ref_src=twsrc%5Etfw\">@chivowallet<\/a><\/p>\n<p>180 new users every minute (users not downloads).<\/p>\n<p>1 million dollars in remittances being received every day.<br \/> <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>\ud83c\udf0b\ud83c\uddf8\ud83c\uddfb<\/p>\n<p>\u2014 Nayib Bukele \ud83c\uddf8\ud83c\uddfb (@nayibbukele) <a href=\"https:\/\/twitter.com\/nayibbukele\/status\/1443767018226917376?ref_src=twsrc%5Etfw\">October 1, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201c180 new users (not downloads) every minute. Remittances of a million dollars daily,\u201d he added.<\/p>\n<\/blockquote>\n<p>Earlier the president acknowledged that <a href=\"https:\/\/u1f987.com\/en\/news\/el-salvadors-president-acknowledged-technical-difficulties-in-implementing-bitcoin-payments\">the Chivo rollout had run into technical difficulties<\/a> and promised to overcome them in the coming days.<\/p>\n<p>In a comment under Bukele\u2019s post about the start of mining, a local resident <a href=\"https:\/\/twitter.com\/katherinenunfio\/status\/1443833516618362885\">\u0437\u0430\u044f\u0432\u0438\u043b\u0430<\/a> that she has not been able to resolve the problem registering in the app.<\/p>\n<p>The government credits $30 in Bitcoin to each new Chivo user. The funds come from a specially created <a href=\"https:\/\/u1f987.com\/en\/news\/el-salvadors-parliament-approves-150-million-bitcoin-fund\">fund of $150 million<\/a>.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>El Salvador has begun mining the first cryptocurrency using geothermal energy from volcanoes. President Nayib Bukele announced this on Twitter.<\/p>\n","protected":false},"author":1,"featured_media":50499,"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-50498","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":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50498","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=50498"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50498\/revisions"}],"predecessor-version":[{"id":50500,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50498\/revisions\/50500"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/50499"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=50498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=50498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=50498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}