El Salvador, the pioneer in adopting bitcoin as legal tender, has reportedly acquired 473.5 BTC for its treasury using geothermal energy. Official data from The Bitcoin Office of El Salvador (ONBTC) revealed that this amount of bitcoin was mined since 2021, utilizing 1.5 MW of power sourced from the Tecapa volcanic complex.

El Salvador Mines 473.5 BTC Using Geothermal Power Sources

Companies and nations are increasingly turning to green energy sources for bitcoin mining. As per Reuters, The Bitcoin Office of El Salvador (ONBTC), responsible for overseeing crypto affairs, announced that 473.5 BTC had been added to the nation's bitcoin reserves. These bitcoins were mined at El Salvador's mining facilities powered by geothermal energy since 2021.

The mining operation took place at the Berlin geothermal plant, involving 300 miners powered by energy from the Tecapa volcanic complex. These bitcoins contribute to El Salvador's total holding of over 5,750 BTC in its public treasury address, as disclosed by President Nayib Bukele earlier this year.

Bukele has consistently advocated for leveraging geothermal energy, a renewable power source derived from steam extracted from underground reservoirs to drive turbines. He even shared a video showcasing the commencement of operations at the Berlin geothermal plant, featuring the connection of bitcoin miners. However, this marks one of the first instances where Bukele's administration provides some insight into the outcomes of this green mining initiative.

The initiative could potentially expand, considering that only 1.5 MW out of the 120 MW produced by the Berlin plant is currently allocated for this purpose. In 2022, Bukele confirmed the country's investments to boost the capacity of its geothermal power grid, revealing the discovery of a well capable of generating 95 MW back in 2022. This could suffice to power Bitcoin City, a sustainable metropolis proposed by the president in 2021, powered entirely by green energy.

What are your thoughts on El Salvador's use of geothermal energy for its eco-friendly bitcoin mining venture? Share your opinions in the commEl Salvador, the pioneer in adopting bitcoin as legal tender, has reportedly acquired 473.5 BTC for its treasury using geothermal energy. Official data from The Bitcoin Office of El Salvador (ONBTC) revealed that this amount of bitcoin was mined since 2021, utilizing 1.5 MW of power sourced from the Tecapa volcanic complex.

El Salvador Mines 473.5 BTC Using Geothermal Power Sources

Companies and nations are increasingly turning to green energy sources for bitcoin mining. As per Reuters, The Bitcoin Office of El Salvador (ONBTC), responsible for overseeing crypto affairs, announced that 473.5 BTC had been added to the nation's bitcoin reserves. These bitcoins were mined at El Salvador's mining facilities powered by geothermal energy since 2021.

The mining operation took place at the Berlin geothermal plant, involving 300 miners powered by energy from the Tecapa volcanic complex. These bitcoins contribute to El Salvador's total holding of over 5,750 BTC in its public treasury address, as disclosed by President Nayib Bukele earlier this year.

Bukele has consistently advocated for leveraging geothermal energy, a renewable power source derived from steam extracted from underground reservoirs to drive turbines. He even shared a video showcasing the commencement of operations at the Berlin geothermal plant, featuring the connection of bitcoin miners. However, this marks one of the first instances where Bukele's administration provides some insight into the outcomes of this green mining initiative.

The initiative could potentially expand, considering that only 1.5 MW out of the 120 MW produced by the Berlin plant is currently allocated for this purpose. In 2022, Bukele confirmed the country's investments to boost the capacity of its geothermal power grid, revealing the discovery of a well capable of generating 95 MW back in 2022. This could suffice to power Bitcoin City, a sustainable metropolis proposed by the president in 2021, powered entirely by green energy.

What are your thoughts on El Salvador's use of geothermal energy for its eco-friendly bitcoin mining venture? Share your opinions in the comments below.ents below.