{"id":11253,"date":"2021-09-29T14:24:43","date_gmt":"2021-09-29T13:24:43","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=11253"},"modified":"2021-09-29T14:25:00","modified_gmt":"2021-09-29T13:25:00","slug":"el-salvadors-president-shows-off-the-countrys-geothermal-bitcoin-mining-farm","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/el-salvadors-president-shows-off-the-countrys-geothermal-bitcoin-mining-farm\/","title":{"rendered":"El Salvador’s president shows off the country’s geothermal Bitcoin mining farm"},"content":{"rendered":"\n
El Salvador\u2019s president <\/a>in a tweet uploaded a video that shows a geothermal Bitcoin mining facility, which supposedly illustrates the country's first steps in Bitcoin adoption.<\/h5>\n\n\n\n
\"\"<\/figure>\n\n\n\n

El Salvador's President, Nayib Bukele, uploaded a video of the country's Bitcoin (BTC) mining operation, which is powered by volcanic geothermal energy\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

The video depicts a power generation facility with technicians turning on crypto mining rigs.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

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<\/a>. <\/p>\n\n\n\n

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.”<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

The Salvadoran government's latest step reinforces the enormous potential for Bitcoin supporters<\/a> to reduce their carbon footprint by embracing a variety of renewable energy sources, such as hydroelectric, solar, and wind power.<\/p>\n\n\n\n

Bitcoin, according to Tesla CEO Elon Musk, reached its renewable energy threshold in July, implying that the percentage of renewable energy usage was \u201clikely at or above 50 percent.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

El Salvador\u2019s 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 […]<\/p>\n","protected":false},"author":12,"featured_media":11256,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[152,456,4718],"class_list":["post-11253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-el-salvador","tag-geothermal-bitcoin-mining"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/El-Salvador-president-shows-off-the-countrys-geothermal-Bitcoin-mining-farm.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=11253"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11253\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/11256"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=11253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=11253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=11253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}