El Salvador launches Bitcoin mining pool "Lava Pool," which will use geothermal energy to mine Bitcoin
ChainCatcher news, according to The Block, Salvadoran renewable energy and mining company Volcano Energy and Bitcoin mining software provider Luxor Technology have jointly launched "Lava Pool," aimed at utilizing El Salvador's geothermal energy to mine Bitcoin.
Among them, Volcano Energy will donate 23% of its net profits to the Salvadoran government as part of a public-private partnership program. The Salvadoran government plans to reinvest the mining profits into its energy infrastructure to help promote economic growth.
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