Reuters: El Salvador mines nearly 474 bitcoins using volcanic geothermal energy

2024-05-15 11:24:30
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ChainCatcher news, according to Reuters, since 2021, El Salvador has successfully mined nearly 474 bitcoins (approximately 29 million USD) using geothermal energy provided by the Tecapa volcano, increasing the government's bitcoin reserves to about 5750 coins, with a total value close to 354 million USD at current prices.

Currently, of the 102 megawatts of power generated by El Salvador's state-owned geothermal power plants, 1.5 megawatts is used for bitcoin mining, utilizing volcanic geothermal energy, which is known as a green method of cryptocurrency mining. El Salvador is the first country in the world to make bitcoin legal tender.

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