El Salvador’s president in a tweet uploaded a video that shows a geothermal Bitcoin mining facility, which supposedly illustrates the country’s first steps in Bitcoin adoption.
El Salvador’s President, Nayib Bukele, uploaded a video of the country’s Bitcoin (BTC) mining operation, which is powered by volcanic geothermal energy.
The video depicts a power generation facility with technicians turning on crypto mining rigs.
Bukele did not go into much detail about the procedure seen in the video, merely writing “initial stages” with a Bitcoin tag and emojis of a volcano and El Salvador’s national flag.
Bukele announced plans to develop a geothermal Bitcoin mining facility a few months ago. In June, the president announced that state-owned electrical business LaGeo would be in charge of managing a Bitcoin mining factory that would be powered by “extremely inexpensive, 100 percent clean, 100 percent renewable, 0 emissions electricity.”
Only three months after the country’s Legislative Assembly passed the “Bitcoin Law,” El Salvador accepted Bitcoin as legal tender alongside US dollars on Sept. 7.
The Salvadoran government’s latest step reinforces the enormous potential for Bitcoin supporters to reduce their carbon footprint by embracing a variety of renewable energy sources, such as hydroelectric, solar, and wind power.
Bitcoin, according to Tesla CEO Elon Musk, reached its renewable energy threshold in July, implying that the percentage of renewable energy usage was “likely at or above 50 percent.”