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.”.…
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RTEl Salvador wants to power crypto mines with ‘100% cheap, renewable’ VOLCANO energy, after adopting bitcoin as legal tender
8 comments:
Why don’t these turd worlders just hook up the volcanoes to generate electrical power to run their country instead? Too stupid?
All these turd world disgraced pod nations want the Bitcoin to exchange for USDs…
Peak stupidity?
To paraphrase Mike Norman from his last podcast, the dummies have jumped the shark!
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.
We should just annex everything north of the Panama canal and clean house...
Iceland has tons of geothermal... maybe the crypto maniacs should set up shop up there.
Iceland has been a larger mining center due to cheap energy and cold climate.
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