Wednesday, June 9, 2021

RT — El Salvador wants to power crypto mines with ‘100% cheap, renewable’ VOLCANO energy, after adopting bitcoin as legal tender

President Nayib Bukele of El Salvador is moving fast on his pledge to embrace bitcoin as another legal tender, already opening a new geothermal well that would use clean geothermal energy to power the cryptocurrency mines.

On Wednesday, Bukele tweeted that he had instructed the state-owned geothermal electric company LAGeoSV to power bitcoin mines with “very cheap, 100% clean, 100% renewable, 0 emissions energy from our volcanos.”.…

Competing.

RT
El Salvador wants to power crypto mines with ‘100% cheap, renewable’ VOLCANO energy, after adopting bitcoin as legal tender

8 comments:

Matt Franko said...

Why don’t these turd worlders just hook up the volcanoes to generate electrical power to run their country instead? Too stupid?

Matt Franko said...

All these turd world disgraced pod nations want the Bitcoin to exchange for USDs…

Peter Pan said...

Peak stupidity?

lastgreek said...

To paraphrase Mike Norman from his last podcast, the dummies have jumped the shark!

Tom Hickey said...

Yes, I thought that too — until I read the plan to mine with inexpensive geothermal energy. If state-owned, the "free" power could act in a similar way as issuance. It's still a bonkers idea, but at least there is a possible rationale for it.

Matt Franko said...

We should just annex everything north of the Panama canal and clean house...

Peter Pan said...

Iceland has tons of geothermal... maybe the crypto maniacs should set up shop up there.

hoonose said...

Iceland has been a larger mining center due to cheap energy and cold climate.